HomeMy WebLinkAboutPO 6024: ADOPTING A TAX RATE FOR 2009Memorandum
City of Port Arthur, Texas
Finance Department
To: Steve Fitzgibbons, City Manager ~~
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From: Rebecca Underhill, Assistant City
Date: August 27, 2009
Subject: Proposed Ordinance No. 6024 and 6025
RECOMMENDATION
Pursuant to Section 26.05 of the Texas Property Tax Code, Proposed Ordinance No. 6024 Adopting
the 2009 Tax Rate and Proposed Ordinance No. 6025, Approving the 2009 Tax Roll for the City of
Port Arthur are presented for City Council consideration and approval.
BACKGROUND
The proposed tax rate for 2009 is $0.792 per $100 valuation. With a 20% homestead exemption,
the proposed tax rate would provide an effective tax rate of $0.634 for all homestead owners.
Senior citizen and/or disabled homeowners receive a $25,000 exemption in addition to the 20%
homestead exemption. Seniors and disabled homeowners also have their property tax frozen.
The 2009 taxable value is $2,050,239,332. This represents a $79,325,465 or 4.02% increase the
2008 taxable value. The 2009 value will produce a tax gross levy of $16,237,896 based on the
City's proposed tax rate of $0.792 per $100 of valuation.
A comparison of values, tax levy and tax rates from 1999 to 2009 aze as follows:
YEAR TAXABLE GROSS NET TAX ADOPTED
VALUE TAX LEVY RATE
LEVY
1999 $ 1,095,680,431 $ 8,491,523 $ 8,491,523 $ 0.775
2000 1,135,695,447 8,801,640 8,801,640 0.775
2001 1,160,384,830 8,992,982 8,992,982 0.775
2002 1,183,370,370 9,170,120 9,170,120 0.775
2003 1,244,181,585 9,642,407 9,642,407 0.775
2004 1,418,923,933 10,996,660 10,996,660 0.775
2005 1,527,385,850 11,837,240 11,793,796 0.775
2006 1,431,012,945 11,090,350 11,064,034 0.775
2007 1,731,296,115 13,157,750 13,036,970 0.760
2008 1,970,913,867 14,978,945 14,868,523 0.760
2009 2,050,239,332 16,237,896 15,944,577 0.792
P.O. NO. 6024
jja: 09/12/09
ORDINANCE NO.
AN ORDINANCE ADOPTING A TAX RATE
FOR THE TAX YEAR 2009 (FISCAL YEAR
OCTOBER 1, 2009 -SEPTEMBER 30, 2010)
WHEREAS, the Tax Assessor-Collector has calculated and submitted to the City Council,
pursuant to Section 26.04 of the Texas Property Tax Code, the effective tax rate of $0.795727 per One
Hundred and No/100 ($100.00) Dollars valuation of property and the rollback rate of $0.792424; and
WHEREAS, the City Manager has submitted to the City Council the Budget for the Fiscal
Yeaz October 1, 2009 through September 30, 2010.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR:
THAT, pursuant to Section 26.05 of the Texas Property Tax Code, the City Council hereby
finds, determines and adopts an Ad Valorem tax rate on One Hundred and No/100 ($100.00) Dollazs
valuation for tax year 2009 as follows:
Tax Rate to Fund Interest and Sinking Fund $0.387469
Tax Rate to Fund Maintenance and Operation Expenditures 0.404531
Tota12009 Tax Rate $0.792000
THAT, a copy of the caption of this Ordinance be spread upon the Minutes of the City Council.
READ, ADOPTED, AND APPROVED, this_ day of September, 2009 , A.D., at a
Special Meeting of the City Council of the City of Port Arthur, Texas by the following vote:
Mayor:
Council members:
Noes:
Mayor Deloris Prince
ATTEST:
Terri Hanks, City Secretary
APPROVED AS TO FORM:
! ~"''` ~~
Mazk Sokolow -City Attorney
APPROVED FOR ADMINISTRATION:
City Manager -Steve Fitzgibbons
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Director ofFinance -Deborah Echols
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