1. Ad Valorem
Tax Rate Adoption
City of College Station
September 22, 2014

2. Tax Rate Adoption Calendar
 Tuesday August 19th – Discussed tax rate and
called public hearings
 Wednesday September 3rd – 1st Public Hearing
on Tax Increase
 Thursday September 11th – 2nd Public Hearing
on Tax Increase
 September 22 - Vote on Tax Rate

3. Ad Valorem Tax Rate
 Total Assessed Valuation: $6.562 billion
 Current Tax Rate 42.5958 cents
 Effective Tax Rate 41.4996 cents
 Proposed Tax Rate 45.2500 cents
 Increase of 2.6542 cents over current rate
 Provides additional $1.6 million

4. Proposed Rate
FY 15
 Maintenance and Operations rate 25.9447
 Debt Service rate 19.3053
 Total 45.2500
 Funds the General Fund budget as proposed
 Meets Debt Service requirements

5. Council Action
 Adoption of the FY 2014-2015 tax rate
ordinance
Revised ordinance at your places
 Must be adopted as two separate components
 Maintenance and Operations 25.9447
Debt Service 19.3053
 Total Tax Rate 45.2500
 Required adoption language at your places.