The breakdown
The proposed tax rate of $0.336365 per $100 valuation is the voter-approval rate—the highest rate a city can adopt without an election—and is a $0.043045 increase compared to FY 2023-24's tax rate of $0.293320 per $100 valuation, according to the city’s presentation.
Quote of note
“The state legislature has got us to this point in terms of having to monkey with these numbers, because I've been on council now seven, going on eight years, and this is the first time that we've actually seen those evaluations come down that has impacted our proposed tax rate like this.” Council Member John Ford said during the Sept. 16 meeting. “There's a lot of jockeying in terms of the numbers in trying to reduce property tax rates but as this is a prime example, [if you] lower one, something else has got to go up.”
Stay tuned
A public hearing on the proposed tax rate is set for Oct. 7 at Tomball City Hall, 401 Market St., Tomball.
