RECOMMENDATION from Director of Finance to place the proposed 2014 tax rate of $.631080/$100 of value on the Tuesday October 21, 2014 Council Agenda, or such other date that meets the requirements of the Texas Property Tax Code, call three public hearings at which interested persons will be given the opportunity to be heard on the proposed tax rate and provide for the publication of the notice of such hearings and other related information

SUGGESTED HEARING DATES:

6:00 P.M. - Tuesday - September 23, 2014;

6:00 P.M. - Tuesday - September 30, 2014; and

9:00 A.M. - Wednesday - October 8, 2014

SUBJECT: Report of Tax Year 2014 Appraisal Roll Information, Certification of the Anticipated Collection rate and appoint representatives to calculate the effective and rollback tax rates

RECOMMENDATION: (Summary) from the Director of the Finance Department that the City Council receive the tax year 2014 Appraisal Roll information, Certification of the Anticipated Collection Rate and appoint Thy-Huyen Ruiz, and Alma Tamborello to calculate and publish the City's  Effective and Rollback Tax Rates in accordance with the "Truth-In-Taxation" provision of the State Tax Code and Local Government Code.

SPECIFIC EXPLANATION:

The Truth-in-Taxation provisions of the State Tax Code and Local Government Code require the City take certain steps before adopting its as valorem tax rate each year. The first of these steps are to, (1) submit the City's tax year 2014 appraisal roll information to City Council, (2) certify an anticipated collection rate to City Council, and (3) appoint representatives to calculate and publish the Effective and Rollback Tax Rates.

Attached are the required reports of the tax year 2014 appraisal roll information and the certification of anticipated collection rate.

It is recommended that the City Council receive tax year 2014 Appraisal Roll Information, Certification of the Anticipated Collection Rate and appoint Thy-Huyen Ruiz and Alma Tamborello to calculate and publish the City's Effective and Rollback Tax Rates in accordance with the "Truth-In-Taxation" provisions of the State Tax Code and Local Government Code.

Jennifer Olenick,  Assistant Director    832-393-9112

Thy-Huyen Ruiz, Division Manager     832-393-9075