Coversheet

Item Coversheet

CITY OF HOUSTON - CITY COUNCIL
Meeting Date: 8/12/2025
ALL

Item Creation Date:

FIN Truth in Taxation 2025 #2

Agenda Item#: 5.


Summary: SUBMISSION from Director of Finance of the no-new-revenue tax rate and voter-approval tax rate calculations based on estimated tax roll information, to be updated when certified appraisal information is received


Background: State law sets forth detailed requirements for the process of setting ad valorem tax rates, including public hearings, newspaper publications, and actions of the governing body. These requirements include minimum and maximum time periods for each step in the process. No-New Revenue Tax Rate and Voter-Approval Tax Rate Section 26.04 (e) of the Tax Code requires that that the No-New Revenue Tax Rate and the Voter-Approval Tax Rate be reported to the governing body of each taxing unit. The No-New Revenue Tax Rate for Tax Year 2025 is $0.519173 on each $100 of taxable value and the Voter-Approval Tax Rate is $0.544437 on each $100 of taxable value. These numbers are based on estimated tax roll information and will be updated as the City receives certified roll information from the Harris Central Appraisal District, Fort Bend Central Appraisal District, and the Montgomery Central Appraisal District. This item is not adopting or proposing either of the submitted rates as the City's ad valorem tax rate. A future motion will place the proposed tax rate, updated No-New Revenue Tax Rate, and updated Voter-Approval Tax Rate on agenda and authorize the publication of notice. Finally, Council will be asked to adopt an ad valorem tax rate by ordinance at a subsequent meeting. _______________________________________________ Melissa Dubowski Chief Business Officer/Director of Finance


Contact Information: Alma Tamborello, Deputy Director Phone: 832-393-9099 LaToya Stephenson, Senior Staff Analyst Phone: 832-393-9028 Elizabeth Sosa, Staff Analyst Phone: 832-393-9068

ATTACHMENTS:
Description	Type
Coversheet	Signed Cover sheet