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Home My WebLink About033732 ORD - 09/09/2025Ordinance setting a property tax rate of $0.599774 per $100 valuation which is effectively a 0.23% increase over the no -new -revenue tax rate and approving the tax roll as calculated. WHEREAS, this tax levy is in accordance with the City's fiscal year 2025-2026 operating budget adopted on September 9, 2025; BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. The City Council of the City of Corpus Christi does hereby levy and adopt the ad valorem tax rate on $100 valuation for this city for tax year 2025 as follows: $0.378825 for the purpose of maintenance and operation 0.220949 for payment of principal and interest on debt $0.599774 Total Tax Rate SECTION 2. There is hereby levied, to be assessed and collected in current money of the United States of America, for the use of the City of Corpus Christi, Texas, for the tax year 2025 and for each succeeding tax year thereafter, until otherwise provided and ordained, an annual ad valorem tax of $0.378825 on each one hundred dollar value on all property, real, personal, and mixed, located within the City of Corpus Christi upon which a tax is authorized to be levied by law and upon all franchises of all individuals, partners, and corporations holding franchises in the City for defrayment of current expenses of the government of the City of Corpus Christi. Said tax shall be assessed upon 100 percent of the market value of property subject thereto. Four cents shall be dedicated for residential street reconstruction in accordance with Article VIII, Section 1(c) of the City Charter and shall be transferred from the General Fund to a dedicated fund on a monthly basis. If the tax rate is reduced by the results of an election to repeal the tax increase to the voter -approval rate, then the reduction shall first reduce the aforementioned residential street reconstruction portion of the tax rate and dedicated fund. SECTION 3. There is hereby levied, to be assessed and collected in current money of the United States of America, for the use of the City of Corpus Christi, Texas, for the tax year 2025 and for each succeeding tax year thereafter, until otherwise provided and ordained, an annual ad valorem tax of $0.220949 on each one hundred dollar value on all property, real, personal, and mixed, and franchises described in Section 2 of this ordinance and assessed upon 100 percent of the market value of property subject thereto, said taxes to be appropriated for the purpose of creating a sinking fund to pay the interest and principal maturities on all outstanding City of Corpus Christi bonds not otherwise provided for and including the interest, agent fees, and maturities of the following City of Corpus Christi bonds: 033 732 Page 1 of 4 SCANNED ANNUAL DEBT SERVICE DUE FY 2025-2026 Annual Debt Service 2025-2026 Principal Interest & Fees Total 2015 Taxable CO's - Landfill $ 485,000 $ 230,643 $ 715,643 2016 CO's (Facilities) 95,000 12,000 107,000 2016A Tax & Limited Pledge CO -Streets 775,000 405,500 1,180,500 2017 CO Tax and Ltd Pldg-Landfill 275,000 12,823 287,823 2018A Comb Tax & Limited Pldg Revenue CO 675,000 547,525 1,222,525 2018E Comb Tax & Limited Pldg Revenue CO, Taxable 330,000 239,999 569,999 2021A Comb Tax & Limited Pledge Revenue CO 325,000 264,775 589,775 2021 B Comb Tax & Limited Pledge Revenue CO - Landfill 395,000 158,341 553,341 2022A Comb Tax& Lt Plg Rev CO 355,000 444,125 799,125 2022B Tax Lt Rev CO Taxabl Ldf 330,000 391,380 721,380 2023A Comb Tax & Ltd Pldg Revenue CO 195,000 256,125 451,125 2023B Comb Tax & Ltd Pldg Revenue CO - Golf/Landfill 260,000 440,323 700,323 2024A Comb Tax & Ltd Pldg Revenue CO - mix 1,025,000 1,558,375 2,583,375 2024B Comb Tax & Ltd Pldg Revenue CO, Taxable - Landfill 310,000 569,938 879,938 2016 Gen Impry Refdg-GG Actvs 460,000 66,300 526,300 2016A Gen I mprov Refdg 720,797 17,011 737,808 2018 General Impr - Streets 765,000 663,625 1,428,625 2019A Gen Imp Ref - Parks 885,000 82,834 967,834 2019E Gen Imp Ref Tax -Airport 415,000 50,880 465,880 2020A Gen Imp 3,165, 000 2,866,875 6,031,875 2020B GO Rfd - Streets 2,650,000 1,017,250 3,667,250 2020C.1 GI Rfd Taxable -Airport - 48,143 48,143 2020C.2 GI Rfd Taxable-Landfil - 115,030 115,030 2020C.3 GI Rdf Taxable-Landfil - 167,825 167,825 2020C.4 GI Rdf Taxable-Landfil - 145,829 145,829 2020C.5 GI Rdf Taxable - 799,705 799,705 2021C.1 Gen Imp Rfdg, Taxable 1,800,000 54,106 1,854,106 2021C.2 Gen Imp Rfdg. Taxable 4,420,000 23,735 4,443,735 2021D.1 Gen Imp Rfd - Airport 1,025,000 257,875 1,282,875 2021E Gen Imp Rfd Airport AMT 240,000 34,500 274,500 2022C Gen Imp 1,085,000 1,379,325 2,464,325 2023 Gen Imp 1,100, 000 1,460,600 2,560,600 2024 Gen Imp 1,300,000 1,976,750 3,276,750 2024C Gen Imp Rfd 7,335,000 3,715,875 11, 050, 875 2023 Ltd Tax Notes 450,000 113,750 563,750 2014 Public Property Financial Oblig 870,000 10,614 880,614 2025 Series Bonds and Notes 6,710,000 3,800,899 10,510,899 Total required for FY2026 debt service 41,225,797 24,401,207 65,627,004 Less: Amount to be paid from unencumbered balance 499,200 Less self-supporting 3,072,000 Less: Excess Collections from Prior Year 5,425,569 Total to be paid from taxes in FY202 56,630,235 Amount added in anticipation that the City will collect only 96.22% of its taxes in FY 2026 2,224,718 Total Debt Levy 58,854,953 In addition to the ad valorem tax levy for debt service totaling $58,854,953 the balance of Page 2 of 4 this debt, if any, incurred by the City of Corpus Christi shall be funded from sources other than ad valorem taxes. SECTION 4. All taxes for the tax year 2025 hereby levied shall be due on receipt of the tax bill and shall be delinquent if not paid before February 1, 2026, except as otherwise provided in the Texas Property Tax Code; and penalty and interest shall be due on any delinquent taxes as provided by Chapter 33 of the Property Tax Code. No discount shall be allowed for early payment of taxes. The Texas Constitution, Property Tax Code, and other applicable laws shall govern all matters related to the taxes levied herein, and the City shall have all authority thereunder. SECTION 5. City staff, acting through the City Manager, are directed to notify the tax assessor ("Assessor") of the tax rate for the tax year 2025 adopted pursuant to this ordinance, which rate the Assessor shall use in calculating the tax imposed on each parcel of property included on the City's appraisal roll, which tax amounts the Assessor shall enter in the appraisal roll and submit to the City for approval, all in accordance with Section 26.09 of the Texas Property Tax Code. Pursuant to this clause, the appraisal roll with amounts so calculated, entered, and submitted to the City is hereby approved and constitutes the City's tax roll. SECTION 6. If, for any reason, any section, paragraph, subdivision, clause, phrase, word or provision of this ordinance shall be held invalid or unconstitutional by final judgment of a court of competent jurisdiction, it shall not affect any other section, paragraph, subdivision, clause, phrase, word or provision of this ordinance, for it is the definite intent of this City Council that every section, paragraph, subdivision, clause, phrase, word or provision of this ordinance be given full force and effect for its purpose. The foregopg this the srJ day of , 2025, by the following vote: rdinance was read for the first time and passed to its second reading on Paulette Guajardo Roland Barrera Sylvia Campos Eric Cantu Gil Hernandez Kaylynn Paxson Everett Roy Mark Scott Carolyn Vaughn The foregoing ordinance was read for the second time and passed finally on this the IM day of iv\\) , 2025, by the following vote: Paulette Guajardo Roland Barrera Kaylynn Paxson ( J Everett Roy Page 3 of 4 Sylvia Campos Eric Cantu Gil Hernandez Mark Scott Carolyn Vaughn P • D AND APPROVED on this the c1day ofi1Qr- , 2025. ATTE T: ` . k Paulette Guajardo, May Re ecca uerta, ity Secretary Page 4 of 4 033732 LocaliQ Texas/New Mexico PO Box 631667 Cincinnati,OH 45263-1667 GANNETT AFFIDAVIT OF PUBLICATION Melinda Sanchez City of Corpus Christi-Purchasing 1201 Leopard ST Corpus Christi TX 78401-2120 STATE OF WISCONSIN, COUNTY OF BROWN The Corpus Christi Caller-Times,a newspaper published in the city of Corpus Christi, Nueces County, State of Texas,generally circulated in Aransas, Bee, Brooks, Duval,Jim Hogg,Jim Wells, Kleberg, Live Oak, Nueces,Refugio,and San Patricio Counties, and personal knowledge of the facts herein state and that the notice hereto annexed was Published in said newspapers in the issue: 08/22/2025 and that the fees charged are legal. Sworn to and subscribed before on 08/22/2025 eg Irk Notary,State of WI,County of Bro n • My commission expires Publication Cost: $1453.70 Tax Amount: $0.00 Payment Cost: $1453.70 Order No: 11593902 #of Copies: Customer No: 1357156 1 PO#: MIS IS NOT AN INVOICE:! Please do not use this form for payment remittance1 . VICKY FELTY Notary Public State of Wisconsin L: Page 1 of 2 NOTICE OF PUBLIC HEARING ON TAX INCREASE A tax rate of$0.599774 per$100 valuation has been proposed by the governing body of City of Corpus Christi. PROPOSED TAX RATE $0.599774 per$100 NO-NEW-REVENUE TAX RATE $0.598423 per$100 VOTER-APPROVAL TAX RATE $0.660677 per$100 The no-new-revenue tax rate is the tax rate for the 2025 tax year that will raise the same amount of property tax revenue for City of Corpus Christi from the same properties in both the 2024 tax year and the 2025 tax year. The voter-approval rate is the highest tax rate that City of Corpus Christi may adopt without holding an election to seek voter approval of the rate. The proposed tax rate is greater than the no-new-revenue tax rate.This means that City of Corpus Christi is proposing to increase property taxes for the 2025 tax year. A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 2, 2025 AT 11:30 AM AT City Hall 1201 Leopard St Corpus Christi Texas 78401. The proposed tax rate is not greater than the voter-approval tax rate.As a result,City of Corpus Christi is not required to hold an election at which voters may accept or reject the proposed tax rate. However,you may express your support for or opposition to the proposed tax rate by contacting the members of the City Council of City of Corpus Christi at their offices or by attending the public hearing mentioned above. YOUR TAXES OWED UNDER ANY OF THE RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS: Property tax amount=(tax rate)x(taxable value of your property)/100 FOR the proposal: Mayor Paulette M Guajardo Roland Barrera Mark Scott Carolyn Vaughn Everett Roy Sylvia Campos Eric Cantu Kaylynn Paxson Gil Hernandez AGAINST the proposal: PRESENT and not voting: ABSENT: Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes,including information about proposed tax rates and scheduled public hearings of each entity that taxes your property. The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state. The following table compares the taxes imposed on the average residence homestead by City of Corpus Christi last year to the taxes proposed to be imposed on the average residence homestead by City of Corpus Christi this year. 2024 2025 Change Total tax rate(per $0.599774 $0.599774 increase of 0.000000 per $100 of value) $100,or 0.00% Average homestead taxable value $202,508 $213,900 increase of 5.63% Tax on average homestead $1,214.59 $1,282.92 increase of 68.33,or 5.63% • Total tax levy on all $158,325,685 $159,763,435 increase of 1,437,750,or 0.91% properties For assistance with tax calculations,please contact the tax assessor for City of Corpus Christi at 361-826-3227 or sergiov2Cmcctexas.com,or visit corpuschristitx.gov for more information. cc-47422553