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Council questions link between proposed tax-rate scenarios and assessed values
Summary
Council members pressed staff on whether assessed values fell or remained flat and how switching from a balanced-budget 35¢ tax rate to the published 30¢ rate requires $2.5M in revenue reductions.
Council members questioned staff about the relationship between assessed values, the proposed tax rate and the revenue estimates used to balance the budget. The mayor asked whether assessed values in the city had gone down or stayed roughly the same; Louis replied values are "about the same."
Louis explained the balanced budget in the slides assumed a 35¢ tax rate and that moving to the published 30¢ rate required cutting $2.5 million in revenue. Council members pressed for clarity on whether values actually fell or were flat; Scott described a separate property-assessment experience with the Fort Bend CAD, saying his property’s assessment nearly doubled in a short period and later was reduced following appeal.
