25-1475
Public Hearing and Introductory Ordinance for the adoption of a tax rate of $0.506090 per $100.00 of value for Tax Year 2025. The tax rate will provide revenue for the general fund and debt service. The rate includes $0.377599 per $100 of value for Maintenance and Operation and $0.128491 per $100 of value for the Interest and Sinking Fund of the Debt Service and is estimated to generate a tax levy of $134,248,550. The City Council is scheduled to vote on the tax rate on September 15, 2025, at 5:30 P.M. at City of Laredo, Council Chambers, 1110 Houston St., Laredo, Texas 78040. The taxpayer impact statement as required by House Bill No. 1522 is as follows: FISCAL YEAR FISCAL YEAR 2024-2025 2025-2026 DESCRIPTION CURRENT YEAR PROPOSED ------------------------------------------------------------------------------------------------------- Total Tax Rate (per $100 of value) $0.507623 $0.506090 Median Homestead Taxable Value $182,335 $194,727 Tax on Median Homestead $925.57 $985.49
- Committee
- City Council
- Requested by
- Tax
- Introduced
- August 8, 2025
- On agenda
- September 9, 2025
Where it was heard
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