SUBJECT
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An Ordinance of the City of Laredo, providing for the adoption of a tax rate of $0.506090 per $100 of value for Tax Year 2025. This tax rate will have a Maintenance and Operation Rate of $0.377599 per $100.00 of value and an Interest and Sinking Fund Rate of $0.128491 per $100.00 of value for the levy and the collection of General and Special Ad Valorem taxes for the City of Laredo in the amount of $134,248,550 for Tax Year 2025 and Fiscal Year 2025-2026.
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
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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
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VIVA LAREDO PLAN ALIGNMENT
Alignment Rating:
Supporting goal(s)/policy(ies):
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PREVIOUS COUNCIL ACTION
On August 4, 2025, Council made a motion to approve the 2025 Certified Appraisal Roll from the Webb County Appraisal District for the development of the City’s tax roll; accepted the no-new-revenue and voter-approval tax rate calculations for Tax Year 2025; and proposed a tax rate of $0.506090 per $100 of value for Tax Year 2025. A public hearing was held on September 9, 2025 and an ordinance was introduced.
BACKGROUND
Adoption of the ad valorem tax rate must be done in accordance with the Truth-in-Taxation Guidelines of the State of Texas Property Tax Code. Based on the certified numbers provided by the Webb County Appraisal District, a tax rate of $0.506090 per $100 of value meets the budget requirements for the operations of general fund and payment of debt service.
Proposed Tax Rate $ 0.506090 per $100 of Value
Current Tax Rate $ 0.507623 per $100 of Value
Variance $-0.001533 per $100 of Value
Tax levy is based on the proposed tax rate as follows:
2025 Certified Value
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Certified Approved Value $26,562,349,874
Under ARB Review Value $ 583,596,017
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Total Certified Value $27,145,945,891
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Levy-Proposed Tax $0.506090 per $100 of Value $ 137,382,918
Less Freeze Levy Loss $ (2,795,731)
Less Total TIRZ Loss $ (338,637)
(Total Captured Value=$66,912,428)
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Total Levy $ 134,248,550
Estimated Levy @ 98% Collection Rate $ 131,563,579
COMMITTEE RECOMMENDATION
Not Applicable.
STAFF RECOMMENDATION
recommendation
To adopt a tax rate of $0.506090 per $100 of value for Tax Year 2025 with a Maintenance and Operation Rate of $0.377599 per $100 of value and an Interest and Sinking Fund Rate of the Debt Service of $0.128491 per $100 of value.
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Fiscal Impact
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Change Order: Exceeds 25% Y/N: Click or tap here to enter text.
FINANCIAL IMPACT:
This Ordinance provides property tax revenue for Maintenance and Operations of the City and payment of the Interest and Sinking Fund of Debt Service for Tax Year 2025.