City council 9 17-13 tax levy ordinance

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  • 1. City Council September 3, 2013
  • 2. Property Tax Levy • First public hearing and introduction of an ordinance levying property taxes for the City of San Angelo for the 2013 tax year. • Proposed tax rate is 0.776/$100 valuation. • Proposed a rate reduction of ½ cent.
  • 3. Property Tax Levy • Staff recommends approval of the tax ordinance as presented • Consideration that the City Council moves that “the property tax rate be increased by the adoption of a tax rate of 0.776/$100, which is effectively a 4.75% percent increase in the tax rate.”* *Note that this rate exceeds the effective tax rate due to changes in debt issues.