HomeMy WebLinkAboutPO 6405: TAX RATE FOR THE TAX YEAR 2014 (FISCAL YEAR OCTOBER 1, 2014 -SEPTEMBER 30, 2015) P.O. NO. 6405
DHE: 09/06/14
ORDINANCE NO.
AN ORDINANCE ADOPTING A TAX RATE FOR THE TAX YEAR 2014
(FISCAL YEAR OCTOBER 1,2014—SEPTEMBER 30, 2015)
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
$0.773947 per One Hundred and No/100 Dollar ($100) valuation of property and the rollback
rate of$0.762052 per One Hundred dollar valuation ($100); and
WHEREAS, on August 14, 2014, the Interim City Manager has submitted to the City
Council the Budget for the Fiscal Year October 1, 2014 through September 30, 2015; and
WHEREAS, pursuant to 26.05(B) of the Texas Property Code, the City Council hereby
moves that property taxes be increased by adoption of a tax rate of$.0792 per $100 valuation.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF PORT ARTHUR:
THAT, the City Council has hereby moved that property taxes be increased by adoption
of a tax rate of$.0792 per $100 valuation.
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;
and
THAT, pursuant to Section 26.05(B) of the Texas Property Tax Code, the tax rate
will raise taxes for maintenance and operations on a $100,000 home by
approximately $53.05.
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 2014 as follows:
Tax Rate to Fund Interest and Sinking Fund $0.320999
Tax Rate to Fund Maintenance and Operation Expenditures 0.471001
Total 2014 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, 2014, A.D., at a
Special Meeting of the City Council of the City of Port Arthur, Texas by the following vote:
AYES
Mayor:
Councilmembers:
NOES:
Deloris Prince-Mayor
ATTEST:
Sherri Bellard- City Secretary
APPROVED AS TO FORM:
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APPROVED FOR ADMINISTRATION:
John A. Comeaux, P.E.,
Interim City Manager
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Deborah Echols, Director of Finance