Missouri City City Council on Monday voted unanimously to adopt a 2012 property tax rate of $0.52840 per $100 valuation.
A total of $0.34773 per $100 valuation will be designated for expenditures for maintenance and operation of the city. The remaining $0.18067 per $100 valuation will fund payments on the city’s bonded indebtedness.
The adopted rate is lower than both the effective tax rate of $0.544879 per $100 valuation, and the rollback rate of $0.567932.
“This year’s property tax levy will not raise more revenue from property taxes than in the preceding year,” Finance Director Wes Vela said.
The city council voted to accept the 2012 tax values from the Fort Bend County and Harris County appraisal districts.
The Fort Bend Appraisal District indicated a total assessed value of $4,298,114,767, with a net taxable value of $3,849,746,622. Harris County Appraisal District certified a total assessed value of $195,399,026, with a net taxable value of $176,204,253.
The city council voted to award a $542,879 contract to CivilCorp, LLC for engineering design services associated with the reconstruction of Trammel Fresco Road.
“The Trammel Fresno Road project consists of widening approximately 1.02 miles of existing two-lane open ditch asphalt roadway to a four-lane concrete curb and gutter, divided roadway with raised medians,” Project Manager Chris Emshoff said. “This will also include installation of a storm sewer system.”
The city council voted to authorize the appointment of 25 members to the 2012 Bond Steering Committee. The city council also appointed Richard Alaniz, Elizabeth Collins, Roy Gilber, Janet Alvarez-Jedkins, Lynette Miller, Bernard Orloff, Maris Reynolds, William Wallace, and Michael Sabourni to the committee. Parks Board Member Andrew Kayes and Planning and Zoning Commission Member Ron Lee were named as ex officio members of the committee. The remaining 16 membership positions on the committee will be appointed at the next council meeting.
The city is considering calling a bond election for May 2013.
All items were approved. All votes were unanimous with all members present. Agenda