October 15, 2012 - City of Laredo

DATE:
10/15/2012
INITIATED BY:
HORACIO A. DE LEON JR.,
COUNCIL COMMUNICATION
SUBJECT: MOTION
Approving monthly adjustments to the tax roll. The amounts to be adjusted for the month
of September 2012, represent an increase of $90,762.97. These adjustments are
determined by the Webb County Appraisal District and by court orders.
ASSISTANT CITY MANAGER
PREVIOUS COUNCIL ACTION:
Approves tax roll each year.
STAFF SOURCE:
ELIZABETH MARTINEZ, RTA
TAX ASSESSOR-COLLECTOR
BACKGROUND:
Under Section 26.09, Calculation of Tax, paragraph (e) 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 approved each month, in addition to the tax roll being accepted
with adjustments.
FINANCIAL IMPACT:
Potential revenues will increase due to an increase in levy in the amount of
$90,762.97.
COMMITTEE RECOMMENDATION: STAFF RECOMMENDATION:
Approval