Title
Consider and take action on an ordinance approving an ad valorem tax rate for the City of League City, Texas, upon all taxable property within the corporate limits of the City for the Fiscal Year ending September 30, 2025; directing the assessment and collection thereof; providing for a severability clause; and providing for an effective date (Assistant City Manager - CFO)
Staff requests first and final reading.
Background:
Approval of this ordinance will set a property tax rate of $0.371461 per $100 for 2024 Tax Year (Fiscal Year 2025) and increase the Senior Exemption to $100,000.
Section 102.009 (a) of the Local Government Code states "The governing body of the municipality may levy taxes only in accordance with the budget." City Council approved the FY2025 budget based on a property tax rate of $0.371461 per $100 valuation earlier during tonight’s meeting. Since the proposed tax rate of $0.371461 does not exceed the lower of the no-new-revenue tax rate or voter-approval tax rate, a public hearing is not required.
The tax ordinance includes an increase of the Senior Exemption from $75,000 to $100,000 per City Council resolution 2024-113 approved June 25, 2024. The approved data sheet is attached.
Senate Bill 2 Requires a Notice for the Meeting to Vote on the Tax Rate be published in the local newspaper, posted on the homepage of the City’s website, and ran on Channel 16.
Newspaper: Notice for the meeting to vote on the tax rate was published in the Galveston Daily News on Tuesday, September 3rd. Senate Bill 2 requires the notice be published in a general circulation newspaper.
Web: The same notice was placed on the City’s website by Tuesday, September 3rd, 7 days prior to the September 10th meeting. Senate Bill 2 requires the notice be published on the homepage continuously for at least seven days immediately before the date of the vote on the tax rate.
Television: The same notice was shown on Channel 16 by Tuesday, September 3rd, 7 da...
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