SUBJECT
title
An Ordinance of the City of Laredo, providing for the adoption of a tax rate of $0.506080 per $100.00 of value for Tax Year 2026. This tax rate will have a Maintenance and Operations rate of $0.380253 per $100 of Value and an Interest and Sinking Fund Rate of $0.125827 per $100 of Value for the levy and the collection of General and Special Ad Valorem taxes for the City of Laredo in the amount of $140,577,516 for Tax Year 2026 and Fiscal Year 2026-2027.
Taxpayer Impact Statement (Required by HB 1522):
FISCAL YEAR FISCAL YEAR
2025-2026 2026-2027
DESCRIPTION CURRENT YEAR PROPOSED
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Total Tax Rate (per $100 of value) $0.506090 $0.506080
Median Homestead Taxable Value $194,727 $209,899
Tax on Median Homestead $985.49 $1,062.26
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PREVIOUS COUNCIL ACTION
On August 3, 2026, Council made a motion to approve the 2026 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 rate calculations for Tax Year 2026; and proposed a Tax Rate of $0.506080 per $100 of value for Tax Year 2026. A public hearing was held on September 14, 2026, 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 $0.506080 per $100 of value meets the budget requirements for the operations of general fund and payment of debt service.
Proposed Tax Rate $ 0.506080 per $100 of Value
Current Tax Rate $ 0.506090 per $100 of Value
Variance $-0.000010 per $100 of Value
Tax levy is based on the proposed tax rate as follows:
2026 Certified Value
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Certified Approved Value $28,619,021,387
Value Under ARB Review $ 391,712,568
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Total Certified Value $29,010,733,955
Value Under ARB Review (Lower Value Used) $ (18,180,593)
391,712,568 - 373,531,975
Total Certified Taxable Value $28,992,553,362
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Levy-Proposed Tax Rate $0.506080 per $100 of Value $ 146,725,514
Less Freeze Levy Loss $ (2,904,059)
Less Total TIRZ Loss $ (375,010)
(Total Captured Value=$74,100,918)
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Total Levy $ 143,446,445
Estimated Levy @ 98% Collection Rate $ 140,577,516
VIVA LAREDO PLAN ALIGNMENT
Alignment Rating:
Supporting goal(s)/policy(ies):
Summary of alignment:
COMMITTEE RECOMMENDATION
Not Applicable.
STAFF RECOMMENDATION
recommendation
To adopt a tax rate of $0.506080 per $100 of Value for Tax Year 2026 with a Maintenance and Operation Rate of $0.380253 per $100 of Value and an Interest and Sinking Fund Rate of the Debt Service of $0.125827 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 revenues for Maintenance and Operations for the City and payment of the Interest and Sinking Fund of Debt Service for Tax Year 2026.