(9)(c)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 08/06/2025
- Title:
- Consider and take action on proposed ad valorem tax rate (Fiscal Year 2026 – October 1, 2025 to September 30, 2026) by record vote and schedule public hearings, if necessary.
- Submitted For:
- Finance Department
- Submitted By:
- Finance Department, Finance
- Department:
- Finance
Information
ACTION REQUEST
Vote to propose a tax rate for 2025 and set a public hearing date for September 3, 2025, at 5:00 p.m, if necessary.
BACKGROUND (Brief Summary)
The Galveston County Appraisal District (GCAD) is responsible for appraising property values within Galveston County. The City of Texas City partners with the Galveston County Tax Office—an entity separate from GCAD—for Tax Assessor/Collector services, including the calculation of property tax rates in accordance with the Texas Tax Code.
Based on the certified calculations provided by the Tax Assessor/Collector, the following rates have been submitted to the City of Texas City:
The recommended tax rate for the 2025 fiscal year is $0.478433 per $100 of taxable valuation, or 47.8433 cents, which is lower than the 2024 Property Tax Rate of $0.488635
During this meeting, the City Commission will:
Based on the certified calculations provided by the Tax Assessor/Collector, the following rates have been submitted to the City of Texas City:
- No-New-Revenue Tax Rate: $0.478433/$100 of taxable valuation
- Voter-Approval Tax Rate: $0.645627/$100 of taxable valuation
The recommended tax rate for the 2025 fiscal year is $0.478433 per $100 of taxable valuation, or 47.8433 cents, which is lower than the 2024 Property Tax Rate of $0.488635
During this meeting, the City Commission will:
- Review and discuss the proposed tax rate
- Take a record vote on the proposed rate
- If the proposed rate exceeds the No-New-Revenue Tax Rate, direct staff to publish a notice and set the date and time for a public hearing in accordance with statutory requirements.
RECOMMENDATION
Consider and take action on the proposed tax rate for 2025 by record vote and set a public hearing date for September 3, 2025, at 5:00 p.m., if necessary.