SUBJECT
title
Motion to approve tax roll adjustments for the month of July 2024. The amounts adjusted represent an increase of $54,009.86 for prior year taxes and an increase of $20,781.14 for current year taxes. The aggregate adjustment represents an increase of $74,791. These adjustments are determine by value changes reported by the Webb County Appraisal District, which include rollbacks and reflected in General Fund.
body
PREVIOUS COUNCIL ACTION
Approves tax roll each year.
BACKGROUND
Under Section 26.09(e), Calculation of Tax, of the Texas Property Tax Code, "The Assessor shall enter the amount of tax determined as provided by this section in the appraisal roll and submit it to the governing body of the unit for approval. The appraisal roll with amount of tax entered as approved by the governing body constitutes the unit's tax roll." It was the recommendation of the City Attorney and the Tax Collections Attorney that adjustments be approve each month in addition to the tax roll being accepted with adjustments.
COMMITTEE RECOMMENDATION
Not Applicable.
STAFF RECOMMENDATION
recommendation
Approve motion.
end
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:
For the month of July 2024, tax revenues increased by $74,791 in General Fund.