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Essentials News

A Part Of West U and Bellaire Essentials Magazine

Bellaire City Council Holds First Public Hearing For Property Tax Increase

September 27, 2010 by Bellaire Essentials Staff Leave a Comment

City Council will hold its first public hearing about the proposed tax increase tonight at 7 p.m.

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.

Sep 27, 2010Bellaire Essentials Staff

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