The Truth-In-Taxation provisions of the State Tax Code require the City to take certain steps before adopting its ad valorem tax rate each year. The first of these steps is to (1) submit the City's estimated Tax Year 2025 appraisal roll information to City Council, (2) certify an anticipated collection rate to City Council, and (3) appoint representatives to calculate and publish the No-New Revenue and Voter Approval Tax Rates.
Attached are the required reports of the estimated Tax Year 2025 appraisal roll information and the certification of anticipated collection rate.
It is recommended that the City Council receive the estimated Tax Year 2025 appraisal roll information, certify the anticipated collection rate, and appoint LaToya Stephenson and Alma Tamborello to calculate and publish the City's No-New Revenue and Voter-Approval Tax Rates in accordance with the "Truth-In-Taxation” provisions of the State Tax Code.
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Melissa Dubowski, Chief Business Officer/ Director of Finance