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Finance director: certified values down nearly 2%; $0.271 tax rate recommended
Summary
Finance Director Susan Engels told council certified property values from HCAD were nearly 2% below estimates and recommended a $0.271 per $100 proposed tax rate; council set a public hearing on the rate for September and took no action at the Aug. 5 workshop.
Susan Engels, the city’s finance director, told the council on Aug. 5 that certified property values from the Harris Central Appraisal District were nearly 2% lower than staff estimates and recommended a proposed tax rate of $0.271 per $100 of assessed value.
The recommendation followed staff calculations using the certified values. Engels said the council will hold a public hearing on the proposed tax rate at the regular September meeting before any final action. No vote or resolution was taken at the Aug. 5 workshop.
Background: the council’s budget workshop was a staff presentation of certified values and tax-rate calculations for the proposed fiscal year 2025 budget. The city’s next procedural step is the public hearing on the tax rate, after which council may adopt a final rate consistent with state notice requirements.
