During a public hearing at 7 p.m. on Tuesday, Bellaire City Council will hear from residents about the proposed tax increase.
Council approved taking a record vote to increase property taxes for the 2010 tax year, during its regular meeting on Sept. 20. The proposed increase is $0.3999 per $100 valuation.
Last year’s tax rate was $0.375900 per $100 of taxable value, costing the average Bellaire home $1,778.
The average taxable value of a Bellaire home this year is $477,284.
If council approves the proposed tax rate of $0.3999 per $100 valuation, the amount of taxes for the average home would be $1,909.
The proposed tax rate would raise $12,859,662 in revenue for the city, which is $322,150 more than last year.
Tonight’s public hearing is the first of two public hearings regarding the tax increase. The second public hearing will be held on Oct. 4 at 6 p.m.
Council will adopt a tax rate on Oct. 18.
Council will meet at 7 p.m. in the council chambers, 7008 S. Rice Ave.
Leave a Reply