HomeMy WebLinkAboutD. REPORT ON 2011 NOTICE OF EFFECTIVE TAX RATE CITY OF PORT ARTHUR, TEXAS
MAYOR AND CITY COUNCIL COMMUNICATIONS
Date: Reference No. Subject Page
08/05/11 REPORT ON 2011 NOTICE OF EFFECTIVE TAX 1 OF 1
RATE
RECOMMENDATIONS:
Pursuant to Section 26.04 of the Texas Property Tax Code, this report is to inform the City Council
that the 2011 "Notice of Effective Tax Rate" for the City of Port Arthur was calculated by J. Shane
Howard, Tax Assessor-Collector for Jefferson County will be published in the Port Arthur News on
August 12, 2011.
BACKGROUND:
Chapter 26 of the Property Tax Code requires the governing body to comply with truth in taxation
laws in adopting their tax rate. The City must publish its effective and rollback tax rates before
adopting an annual tax rate. It also requires the taxing unit to publish its notice and hold hearings if
the proposed tax rate generates revenue in excess of last year. Taxing units must calculate and
publish the following tax rates after receiving its certified appraisal roll. The City's 2011 rates are:
1. Last year's tax rate $0.792- -the actual rate that the City set to determine property taxes in
2010.
2. This year's effective tax rate $0.801823- the 20111 rate which would impose the same total
taxes as the 2010 adopted rate of $0.792, if 1:he same properties were compared in both
years.
3. 2011 rollback rate $0.802920 - the highest tax rate the City can adopt before taxpayers can
start tax rollback procedures.
4. The Notice and Hearing Rate is the lower of the "Effective Rate" or the "Rollback Rate ",
therefore our Notice and Hearing Rate is $0.801823. Law would require notice be published
and two public hearings in order to adopt a tax rate higher than $0.801823. The 2011 -2012
budget is based upon a tax rate of $.792, less than the Notice and Hearing Rate. Notice and
Public Hearing will not be required.
SUMMARY:
Pursuant to Section 26.04 of the Texas Property Tax Code, this report is to inform the City Council
that the attached 2011 "Notice of Effective Tax Rate" for the City of Port Arthur was calculated by
J -Shane Howard, Tax Assessor - Collector for Jefferson County will be published in the Port Arthur
News on August- 2, 2011.
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Rebecca Underhill
Assistant City Manager/Administration
_ _ _ JJA/WORD /COUNCIL /TAX RATE
Prepared by: Disposition by Council: Processed:
Approved by:
( ) Approve ( ) Other (Describe) City Secretary
Date: