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Appraisal dip trims Prairie View tax revenue by about $50,000; council to weigh rate options
Summary
City staff reported a drop in the appraisal roll from $421 million to $414 million, a roughly $6.9 million decline that Johnson said will reduce property‑tax revenue by about $50,000; council will review rate options including last year’s rate, a voter‑approval rate and a de minimis option.
City staff told the council the certified appraisal value for Prairie View dropped from $421,000,000 last year to $414,000,000 this year, a decline Johnson quantified as $6,935,000 and one that he said reduces expected property‑tax receipts by about $50,000.
Johnson explained council will be presented with four tax‑rate options, including using last year’s rate (0.73049), a no‑new‑revenue adjustment that would keep collections level, a voter‑approval rate (he cited 1.035) and a de minimis (referred in the transcript as "diminious") option that could raise roughly $500,000 but would require voter approval. “We’ll have each one of them at the next meeting,” Johnson said. Council members asked for calculations showing how each option changes individual taxpayer bills before choosing.
