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Home My WebLink AboutR-2022-18RESOLUTION 2022-18 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS, ADOPTING THE 2022 APPRAISAL ROLL OF THE HARRIS COUNTY APPRAISAL DISTRICT. WHEREAS, the Harris County Appraisal District has submitted to the City Council of the City of La Porte, for approval, the 2022 tax appraisal roll; and WHEREAS, the City Council is of the opinion that the 2022 appraisal roll with the amounts shown therein should be adopted; WHEREAS, the Harris County Appraisal District has certified to the City Council that there was situated in the City of La Porte, Texas, as of January 1, 2022, property with a total appraised value of $5,491,010,520 and a total taxable value of $4,580,765,239. WHEREAS, new personal property added to the appraisal roll had a total taxable value of $910,349,763 as of January 1, 2022; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS, THAT Section 1. The 2022 tax appraisal roll, showing that there was situated in the City of La Porte, Texas, as of January 1, 2022, property with a total appraised value of $5,491,010,520 and a total taxable value of $4,580,765,239, as submitted by the Harris County Appraisal District, is hereby adopted; Section 2. The City Council officially finds, determines, recites and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the offices of City of La Porte for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required by law at all times during which this resolution and the subject matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. PASSED AND APPROVED this the 120 day of September, 2022. CITY OF LA PORTE, TEXAS r1_ y P�,5� '-' V, �o Qn'�rUr' °� v� q Clark T. Askins, Assistant City Attorney • :i:i 3wr: i3 ... .. .. C :ti.. .... :'#t' t7i" `�, .;,, {.•. - .• :t.... - �t}i .. t/ .. � 1. .r. •r •'i i' t..'i":' •. :i:.•' 1 :4 !..'• �` ,.. it.. r . .'•,t• ..: .. ♦ .. t'�, ... • ;. ..;.:r•• . ' .. ..•., ;r, ...�}. .. ,pit•'' , � � �,- • .. 'st'.-mil +v' - •:7�:k"'1,;� -• ��i� r;!t.�:•-� c:•,. .� •� ' •t. .. .. is RESOLUTION 2022-18 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS, ADOPTING THE 2022 APPRAISAL ROLL OF THE HARRIS COUNTY APPRAISAL DISTRICT. WHEREAS, the Harris County Appraisal District has submitted to the City Council of the City of La Porte, for approval, the 2022 tax appraisal roll; and WHEREAS, the City Council is of the opinion that the 2022 appraisal roll with the amounts shown therein should be adopted; WHEREAS, the Harris County Appraisal District has certified to the City Council that there was situated in the City of La Porte, Texas, as of January 1, 2022, property with a total appraised value of $5,491,010,520 and a total taxable value of $4,580,765,239. WHEREAS, new personal property added to the appraisal roll had a total taxable value of $910,349,763 as of January 1, 2022; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS, THAT: Section 1. The 2022 tax appraisal roll, showing that there was situated in the City of La Porte, Texas, as of January 1, 2022, property with a total appraised value of $5,491,010,520 and a total taxable value of $4,580,765,239, as submitted by the Harris County Appraisal District, is hereby adopted; Section 2. The City Council officially finds, determines, recites and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the offices of City of La Porte for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required by law at all times during which this resolution and the subject matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. PASSED AND APPROVED this the 121' day of September, 2022. CITY OF LA PORTE, TEXAS — 1 Mtta or %Le T: G��. • PORrF4,t 1 oodward, i( APPROVED AS TO Fd 11 ;;,pis , „A� •'�F�J Clark T. Askins, Assistant City Attorney REQUEST FOR CITY COUNCIL AGENDA ITEM Agenda Date Requested: September 12, 2022 Requested By: Michael G. Dolby, Director Department: Finance C Report c— Resolution LT Ordinance Exhibits: No -New -Revenue Tax Rate Calculation Appropriation Source of Funds: NIA ACCDunt Number: NIA Amount Budgeted: NIA Amount Requested: NIA Budgeted Item: c' Yes No E`�ljtjII,I_1;Y&M.14 ►, I J, I =1 211 Ol-Al01$]2 The City of La Porte's tax assessor collector calculated the no -new -revenue tax rate at $0.712 and the voter -approval rate at $0.809. The no -new -revenue tax rate would impose the same amount of taxes as last year if you compare properties taxed in both years. The voter -approval tax rate is the highest tax rate a taxing unit can adopt without holding an election. The proposed tax rate is $0.71; therefore, a public hearing on the tax rate is not required. The fiscal year 2022-23 proposed budget was built around a tax rate of $0.71. The breakdown of the tax rate is as follows: Maintenance and operations = $0.622 Interest and sinking = $0.088 In accordance with current legislation, staff will place a notice in the paper informing the public of the date and time the governing body will vote and approve the tax rate. Staff anticipates publishing the notice seven (7) days prior to the public meeting, which will take place on September 26, 2022. Finally, be advised that tonight's action regarding the approval of the proposed tax rate will be a record vote that will be published on the notice regarding the public meeting on the 26tn ACTION REQUIRED BY CITY COUNCIL Consider, discuss and possible action to approve the City's proposed ad valorem tax rate of $0.71 cents for the 2022-23 Fiscal Year. Approved for the City Council meeting agenda Corby D. Alexander, City Manager Date Notice about 2022 Tax Rates Property tax rates in City of La Porte. This notice concerns the 2022 property tax rates for City of La Pone. This notice provides Information about two tax rates used in adopting the current tax year's tax rate. The no -new -revenue tax rate would Impose the same amount of taxes as last year if you compare properties taxed in both years. In most uses, the voter -approval tax rate is the highest tax rate a taxing unit can adopt without holding an election. In each case, these rates are calculated by dividing the total amount of taxes by the current taxable value with adjustments as required by state law. The rates are given per $160 of property value. This year's no -new -revenue tax rate $0.712/$100 This year's voterrappmval tax rate $0.809/$100 To see the full calculations, please visit hams.uueprodigy-taxtransparency.com for a copy of the Tax Rate Calculation Worksheet. Unencumbered Fund Balances The following estimated Warms will be left in the taxing unit's accounts at the end of the fiscal year. These balances are not encumbered by corresponding debt obligation. Type of Fund Balance General Fund 51.883,845 Debt Fund 4,210.657 Current Year Debt Service The following amounts are for long-term debts that am secured by property taxes. These amounts will be paid from upcoming property tax revenues (or additional sales tax revenues, if applicable). Principal or Contract Interest to be Other Amounts Description of Debt Payment to be Paid Paid from to be Paid Total Payment from Property Taxes Property Taxes GeneralObUgadon 1,420,000 109,350 0 1,529,350 Refunding Bond Series 2012 General Obligation 975,000 69,225 0 1,044,225 Refunding Bowl Series 2014 Certificate of Obligation 410,000 137.063 0 547,063 Series 2015 General Obligation Refund 0 94,050 0 94,050 Bonds Series 2016 TWDBLoan 2017 505,000 111,725 0 616,725 General Obligation 435,000 60.200 0 515,200 Refunding Bond Series 2020 Certf ficate of Obligation 225,000 447.975 0 672,875 Bonds Series 2021 Total required for 2022 debt service $5,019,488 - Amount (if any) paid from funds listed In unencumbered funds $o - Amount (if any) paid from other resources $785,255 - Excess collections last year $180,911 = Total to be paid from taxes In 2022 S4,053,322 + Amount added In anticipation that the unit will $0 collect only 100.00% of its taxes in 2022 = Total debt levy $4,053,322 This notice contains a summary of actual no -new -revenue and voter -approval calculations as certified by Charlene Piggott, Director Tax Services on 09/02/2022 . Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access Information regarding your property taxes, Including information about proposed tax rates and scheduled public hearings of each entity that taxes your property. The 86th Texas Legislature modified the Fnanner in which the voter -approval tax rate is calculated to limit the rate of growth of property taxes n the state. ISO _ 4?' .. ... _ _ .. , •a • � s 'tom'' ..