First hearing on tax rate held

In Friendswood by Reporter NewsLeave a Comment

By Karolyn Gephart

The first hearing on the 2019 Tax Year Proposed Property Tax Rate was held September 23, 2019 at a Special Meeting at City Hall at 910 S. Friendswood Drive in Friendswood.

A tax rate of $0.532391 per $100 valuation has been proposed for adoption by the governing body of City of Friendswood. This rate exceeds the lower of the effective or rollback tax rate, and state law requires that two public hearings be held by the governing body before adopting the proposed tax rate.

The governing body of City of Friendswood proposes to use revenue attributable to the tax rate increase for the purpose of providing essential services.

PROPOSED TAX RATE  $0.532391 per $100

PRECEDING YEAR’S TAX RATE  $0.532391 per $100

EFFECTIVE TAX RATE   $0.495289 per $100

ROLLBACK TAX RATE   $0.553481 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Friendswood from the same properties in both the 2018 tax year and the 2019 tax year. The rollback tax rate is the highest tax rate that City of Friendswood may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate.

According to City officials, taxes owed under any of the above rates can be calculated as follows: property tax amount = (rate) x (taxable value of your property) / 100.

For assistance or detailed information about tax calculations, please contact: Cheryl E. Johnson, PCC, Galveston County Tax Assessor Collector, 722 Moody Avenue, Galveston, Texas 77550  (409) 765-3277  [email protected]   www.galcotax.com.

The second and final hearing on the 2019 Tax Year Proposed Property Tax Rate will be held September 30 at 7 pm at 910 S. Friendswood Drive.

Also on the agenda and discussed at the special meeting was the approval of a joint election agreement with Harris County for election services which will be provided to the City of Friendswood for the November 5, 2019, Special Bond Election.

Print Friendly, PDF & Email