The League City City Council will meet Sept. 8 to vote on the property tax rate for fiscal year 2020-21.
The proposed tax rate is $0.515 per $100 valuation.
Based on the FY 2020-21 budget, if the city wanted to pass a tax rate that would result in the same amount of property tax revenue for the city from the same properties in both fiscal years 2019-20 and 2020-21, the rate would be $0.515708, which is slightly higher than the proposed rate. Because the proposed rate is lower than the $0.515708 no-new-revenue rate, a public hearing regarding the rate is not required.
Based on state law, the council can set a property tax rate up to $0.528398 per $100 valuation. If the council wishes to approve a rate higher than that, voters would have to approve the rate in an election for it to take effect, according to a city news release.
