HomeMy WebLinkAboutPO 7171: ADOPTING A TAX RATE P.O. NO. 7171
KD: 08/23/23
ORDINANCE NO.
AN ORDINANCE ADOPTING A TAX RATE
FOR THE TAX YEAR 2023 (FISCAL YEAR
OCTOBER 1,2023—SEPTEMBER 30,2024)
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 no-new revenue tax rate of$0.547795
per One Hundred and No/100 Dollar ($100) valuation of property and the voter approval tax rate of
$0.648641 per One Hundred Dollar valuation($100); and
WHEREAS, on July 31, 2023, the City Manager has submitted to the City Council the Budget
for the Fiscal Year October 1, 2023 through September 30, 2024; and
WHEREAS, pursuant to 26.05(b) of the Texas Property Tax Code, the City Council hereby
moves that property taxes be increased by adoption of a tax rate of$0.648641 per$100 valuation, which
is effectively an 18.409441 percent increase in the tax rate.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR:
THAT,the City Council has hereby moves that property taxes be increased by adoption of a tax
rate of$0.648641 per$100 valuation,which is effectively an 18.409441 percent increase in the tax rate.
THAT,pursuant to Section 26.05(A)of the Texas Property Tax Code,THIS TAX RATE WILL
RAISE MORE TAXES FOR MAINTENANCE AND OPERATION THAN LAST YEAR'S TAX
RATE.
THAT,pursuant to Section 26.05(B)of the Texas Property Tax Code,THE TAX RATE WILL
EFFECTIVELY BE RAISED BY 14.883925 PERCENT AND WILL RAISE TAXES FOR
MAINTENANCE AND OPERATIONS ON A$100,000 HOME BY APPROXIMATELY $51.62. /
THAT, pursuant to Section 26.05 of the Texas Property Tax Code, the City Council hereby
moves that property taxes be increased by the adoption of an Ad Valorem tax rate on One Hundred and
No/100 Dollar($100)valuation for tax year 2023 as follows:
Tax Rate to Fund Interest and Sinking Fund $0.250173
Tax Rate to Fund Maintenance and Operation Expenditures 0.398468
Total 2023 Tax Rate $0.648641
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 August,2023 A.D., at a Meeting of
the City Council of the City of Port Arthur, Texas by the following vote: AYES:
Mayor:
Councilmembers:
NOES:
Thurman Bill Bartie, Mayor
ATTEST:
Sherri Bellard, City Secretary
APPROVED AS TO FORM:
/14e
Val Tizeno, City orney
APPROVED FOR ADMINISTRATION:
Ronald Burton, City Manager
C-
Kandy Daniel, irector of Finance