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CITY OF HOUSTON - CITY COUNCIL
Meeting Date: 9/20/2016
ALL
Item Creation Date:
TNT 2016 #3
Agenda Item#: 17.
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| | | | | | | | Summary:
ORDINANCE providing for the assessment, levying and collection of Ad Valorem Taxes for the City of Houston, Texas for the Year 2016 |
| | | | | | | | Background:
The proposed overall Tax Rate of $0.586420 on each $100 of taxable value must be apportioned between Maintenance and Operations (M&O) and Interest and Sinking Fund (l&S). The M&O Rate is $0.454458 on each $100 of taxable value and the I&S Rate is $0.131962 on each $100 of taxable value which, when combined, equal the total Tax Rate of $0.586420 on each $100 of taxable value.
Therefore, it is recommended that City Council adopt a Tax Year 201 6 tax rate for Maintenance and Operations of $0.454458 on each $100 of taxable value and a tax rate for the Interest and Sinking Fund of $0.131962 on each $100 of taxable value.
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| | | | | | | | Prior Council Action:
October 21, 2015 Ordinance No. 2015-1033 |
| | | | | | | | Contact Information:
Tantri Emo, Deputy Director Phone: 832-393-9076
Thy Ruiz, Division Manager Phone: 832-393-9075 |
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