SUBJECT
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Motion to approve a property tax refund in the amount of $722.74 due to an overpayment as required by Section 31.11(a) of the Texas Property Tax Code. The refund will be issued to Stewart Title Company from parcel number 972-90011-070.
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PREVIOUS COUNCIL ACTION
City Council has previously approved requests for refunds over $500.00 due to overpayments or erroneous payments as required by Section 31.11(a) of the Texas Property Tax Code.
BACKGROUND
As per section 31.11 (a) of the Texas Property Tax Code, "If a taxpayer applies to the tax collector of a taxing unit for a refund of an overpayment or erroneous payment of taxes, the collector for the unit determines that the payment was erroneous or excessive, and the auditor for the unit agrees with the collector's determination, the collector shall refund the amount of the excessive or erroneous payment from available current tax collections or from funds appropriated by the unit for making refunds." However, if the amount of refund exceeds $500.00, the collector may not make the refund unless the governing body of the taxing unit also determines that the payment was erroneous or excessive and approves the refund.
COMMITTEE RECOMMENDATION
Not Applicable.
STAFF RECOMMENDATION
recommendation
Approval of motion.
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Fiscal Impact
Fiscal Year: Click or tap here to enter text.
Budgeted Y/N?: Click or tap here to enter text.
Source of Funds: Click or tap here to enter text.
Account #: Click or tap here to enter text.
Change Order: Exceeds 25% Y/N: Click or tap here to enter text.
FINANCIAL IMPACT:
The City of Laredo will refund a total amount of $722.74 and will be paid from account #101-0000-222-03-00, Unapplied Payments (Tax).