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Helotes restates two development agreements, simplifies tax-rebate formula to a flat 23%
Summary
The council approved amendments to two development agreements (2015 and 2018) that replace a complex, multi-step tax-rebate calculation with a simplified 23% flat calculation on assessed value to streamline administration; council and staff said the change produces roughly equivalent payments and reduces staff time spent on lengthy calculations.
Helotes City Council on April 10 approved amendments to two development agreements (one from 2015 and one from 2018) that simplify how tax-rebate payments are calculated for the covered developments.
Under the changes approved (Items 13 and 14), the previously detailed method—subtracting base values, excluding undeveloped parcels and applying multiple steps to reach a percentage—will be replaced by applying a flat 23% to assessed and paid value for eligible parcels. Staff told council the change yields roughly…
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