O-2021-3846 Levying taxes upon taxable property located within and subject to taxation in the City of La Porte

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NOTICE OF MEETING TO VOTE M a ff-A-W, W4 A tax rate of $0.710 per $100 valuation has been proposed by the governing body of City of La Porte. PROPOSED TAX RATE $0.710 per $100 NO -NEW -REVENUE TAX RATE $0.774 per $100 VOTER -APPROVAL TAX RATE $0.789 per $100 The no -new -revenue tax rate is the tax rate for the 2021 tax year that will raise the same amount of property tax revenue for City of La Porte from the same properties in both the 2020 tax year and the 2021 tax year. The voter -approval rate is the highest tax rate that City of La Porte may adopt without holding an election to seek voter approval of the rate. The proposed tax rate is not greater than the no -new -revenue tax rate. This means that City of La Porte is not proposing to increase property taxes for the 2021 tax year. A PUBLIC MEETING TO VOTE ON THE PROPOSED TAX RATE WILL BE HELD ON September 27, 2021 AT 6:00 pm AT 604 W Fairmont Parkway, City Council Chambers, La Porte, Texas 77571. The proposed tax rate is also not greater than the voter -approval tax rate. As a result, City of La Porte is not required to hold an election to seek voter approval of the rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of the City of La Porte City Council of City of La Porte at their offices or by attending the public meeting mentioned above. YOUR TAXES OWED UNDER ANY OF THE RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS: Property tax amount= (tax rate) x (taxable value of your property)/100 FOR the proposal: Mayor Rigby, Councilmember Lunsford, Councilmember MoCaulley, Councilmember Williams, Councilmember Engelken, Councilmember Bentley, Councilmember Martin, Councilmember MoLarrin. AGAINST the proposal: none PRESENT and not voting: none ABSENT: Councilmember Garza The 86th Texas Legislature modified the manner in which the voter -approval tax rate is calculated to limit the rate of growth of property taxes in the state. The following table compares the taxes imposed on the average residence homestead by