HomeMy WebLinkAboutPO 6485: ADOPTING A TAX RATE FOR THE TAX YEAR 2015 FISCAL YEAR OCT. 1, 2015 - SEP. 30, 2016 P.O. NO. 6485
JWD: 08/19/15
ORDINANCE NO.
AN ORDINANCE ADOPTING A TAX RATE
FOR THE TAX YEAR 2015 (FISCAL YEAR
OCTOBER 1,2015—SEPTEMBER 30,2016)
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$0.771998 per One
Hundred and No/100 Dollar ($100) valuation of property and the rollback rate of$0.787892 per One
Hundred dollar valuation($100); and
WHEREAS, on August 21, 2015, the City Manager has submitted to the City Council the
Budget for the Fiscal Year October 1, 2015 through September 30, 2016; 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$0.792 per$100 valuation.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR:
THAT, the City Council has hereby moves that property taxes be increased by adoption of a
tax rate of$.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.
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
$28.87.
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 2015 as follows:
Tax Rate to Fund Interest and Sinking Fund $0.292134
Tax Rate to Fund Maintenance and Operation Expenditures 0.499866
Total 2015 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, 2015, 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:
tygdor
Val Tizeno City'ttorney
APPROVED FOR ADMINISTRATION:
Brian McDougal - City Manager
Jerry ' P e—Interim irec or of Finance