City to Host Public Hearings on Proposed Tax Increase

The City of McAllen will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 4.20 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax rate calculated under Chapter 26, Tax Code). Your individual
taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.

The first public hearing will be held on August 31, 2010
Time: 5:30 PM
Place: McAllen City Hall, City Commission Chambers, 3rd Floor
1300 Houston Avenue

The second public hearing will be held on September 13, 2010
Time: 6:00 PM at
Place: McAllen City Hall, City Commission Chambers, 3rd Floor
1300 Houston Avenue

The members of the governing body voted on the proposal to consider the tax increase as follows:

FOR: Mayor Pro Tem Aida Ramirez
Commissioner Marcus C. Barrera
Commissioner Jim Darling 
Commissioner Scott Crane
Commissioner John Ingram

PRESENT AND NOT VOTING: None

AGAINST: None

ABSENT: Mayor Richard Cortez Mayor and Pro Tem Hilda Salinas

The average taxable value of a residence homestead in City of McAllen last year was $109,544. Based on last year's tax rate of $0.421300 per $100 of taxable value, the amount of taxes imposed last year on the average home was $461.51.

The average taxable value of a residence homestead in City of McAllen this year is $109,337. If the governing body adopts the effective tax rate for this year of $0.404311 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $442.06.

If the governing body adopts the proposed tax rate of $0.421300 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $460.64.

Members of the public are encouraged to attend the hearings and express their views.