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Bellaire council holds public hearing, adopts 2025 tax rate of $0.4174 per $100 valuation
Summary
After a public hearing and a staff presentation, the Bellaire City Council on Oct. 6 adopted a property tax rate of 0.4174 per $100 valuation for tax year 2025, a rate lower than the computed no-new-revenue rate and approved unanimously.
Bellaire City Council on Monday held a public hearing on the city’s proposed 2025 property tax rate and then adopted an ordinance setting the rate at 0.4174 per $100 valuation.
Chief Financial Officer Terrence Beaman presented the city’s calculation and comparison of three rates the law requires the council consider. Beaman said the proposed rate, 0.4174 per $100, is slightly below the no-new-revenue rate calculated by the county and appraisal…
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