Item Coversheet

CITY OF HOUSTON - CITY COUNCIL
Meeting Date: 10/20/2015
ALL
Item Creation Date: 10/14/2015

FIN- Ad Valorem Tax Year 2015

Agenda Item#: 14.


 
                               
Summary:

ORDINANCE providing for the assessment, levying and collection of Ad Valorem Taxes for the City of Houston, Texas for the Year 2015

Background:

SUBJECT:  Ordinance providing for the assessment, levying and collection of ad valorem taxes for the City of Houston, Texas for the Tax Year 2015, with the adoption of an overall Property Tax Rate of $0.601120 on each $100 of Taxable Value.

RECOMMENDATION: (Summary) That City Council adopt an overall tax rate, based on the FY2016 Budget  approved by City Council.  It is recommended that City Council adopt a tax rate for Maintenance and Operations of $0.442194 on each $100 of taxable value and a tax rate for the Interest and Sinking Fund of $0.158926 on each $100 of taxable value.

Prior Council Action:

Ordinance No. 2014-942, October 21, 2014 

Amount of Funding:
Not Applicable
Contact Information:

Kelly Dowe Chief Business Officer    Phone: 832-393-9051

Jennifer Olenick Deputy Director       Phone: 832-393-9112
ATTACHMENTS:
DescriptionType
Signed RCASigned Cover sheet