HomeMy WebLinkAbout032204 ORD - 09/15/2020Ordinance setting a property tax rate of $0.646264 per $100 valuation
which is effectively a 2.16% increase over the no -new -revenue tax rate.
WHEREAS, this tax levy is in accordance with the Fiscal Year 2021 operating budget
adopted on September 15, 2020;
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 2020 as follows:
$0.426806 for the purpose of maintenance and operation
0.219458 for payment of principal and interest on debt
$0.646264 Total Tax Rate
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE
AND OPERATIONS THAN LAST YEAR'S TAX RATE.
THE TAX RATE WILL EFFECTIVELY BE RAISED BY 1.48%
PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND
OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $6.24.
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
2020 and for each succeeding tax year thereafter, until otherwise provided and ordained,
an annual ad valorem tax of $0.426806 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 ($0.04) per one hundred dollars
($100.00) 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.
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
2020 and for each succeeding tax year thereafter, until otherwise provided and ordained,
an annual ad valorem tax of $0.219458 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:
032204
Page 1 of 4
SCANNED
ANNUAL DEBT SERVICE DUE
FY 2020-2021
Page 2 of 4
Principal
Interest & Fees
Total
2010 CO's - Convention Center
$150,000
$71,951
$221,951
2012 General Obligation - Streets
$2,235,000
$1,457,244
$3,692,244
2012 Public Property Contractual
Obligations
$645,000
$50,724
$695,724
2012 Combination Tax & Surplus
Airport CO's
$215,000
$93,788
$308,788
2012A General Obligation - Airport
$885,000
$53,244
$938,244
2012B General Obligation (Airport)
$55,000
$309,072
$364,072
2012C General Obligation
$3,445,000
$288,650
$3,733,650
2012D General Obligation
$8,495,000
$996,162
$9,491,162
2013 General Obligation
$3,575,000
$1,126,875
$4,701,875
2014 Public Property Financial
Obligation
$750,000
$109,312
$859,312
2014 Tax Notes
$1,215,000
$9,356
$1,224,356
2015 GO Refunding 2007A & 2009
$5,880,000
$2,804,100
$8,684,100
2015 GO's (Funding Bond 2014)
$3,570,000
$3,371,800
$6,941,800
2015 Taxable CO's - Landfill
$415,000
$298,519
$713,519
2016 CO's (Facilities)
$85,000
$57,963
$142,963
2016A GO's Refunding - Streets
$405,000
$126,925
$531,925
2016A GO's Refunding - TMPC
$730,000
$93,274
$823,274
Page 2 of 4
In addition to the ad valorem tax levy for debt service totaling $43,902,657 the balance of
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 2020 hereby levied shall be due on receipt of the tax
bill and shall be delinquent if not paid before February 1, 2021, 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. 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
Page 3 of 4
Principal
Interest & Fees
Total
2016 Tax & Limited Pledge CO's -
Streets
$650,000
$530,300
$1,180,300
2017 Tax & Limited Pledge CO's -
Landfill
$240,000
$51,899
$291,899
2018 General Obligation
$0
$817,750
$817,750
2018A Combination Tax & Limited
Pledge CO's
$0
$683,400
$683,400
2018B Combination Tax & Limited
Pledge CO's - Taxable
$275,000
$291,367
$566,367
2019A General Obligation - Parks
$750,000
$166,464
$916,464
2019B Combination Tax & Surplus
Airport CO's
$120,000
$98,304
$218,304
2020A General Obligation
$2,015,000
$4,016,673
$6,031,673
2020C General Obligation
Refunding Bonds, Taxable
$1,000,000
$1,448,739
$2,448,739
Total required for FY 2021 debt
service
$37.800,000
$19,423,852
$57,223,855
Less: Transfers for self-
supporting debt
($10,446,427 )
Less: Amount to be paid from
unencumbered fund balance
($2,874,771)
Total to be paid from taxes in FY
2021
$43.902,657
In addition to the ad valorem tax levy for debt service totaling $43,902,657 the balance of
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 2020 hereby levied shall be due on receipt of the tax
bill and shall be delinquent if not paid before February 1, 2021, 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. 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
Page 3 of 4
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.
That the foregoing ordinance was read for the first time and passed to its second reading on this
the day of keidkr, 2020, by the following vote:
Joe McComb
Roland Barrera
Rudy Garza
Paulette M. Guajardo
Gil Hernandez
PNYz
Michael Hunter NO
Ben Molina
Everett Roy
Greg Smith
That the foregoing ordinance was read for the second time and passed finally on this the 15
day of \Zrst\W 2020, by the following vote:
Joe McComb
Roland Barrera
Rudy Garza
Paulette M. Guajardo
Gil Hernandez
Michael Hunter ��
Ben Molina
Everett Roy
Greg Smith
PASSED AND APPROVED on this the I- day of SI -kAiW , 2020.
ATTEST:
t*t117 04-4--/e,e-vvt-Z--___
Rebecca Huerta
City Secretary
032204
Page 4 of 4
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• Caller Times
• PART OF THE USA TODAY NETWORK r •l r^r��<
Certificate of 2020 SC" -8 P:1
Publication
CITY OF CORPUS CHRISTI—
ACCOUNTS PAYABLE
PO BOX 9277
CORPUS CHRISTI, TX 78469-9277
STATE OF WISCONSIN)
COUNTY OF BROWN)
I,being first duly sworn,upon oath depose and say that I
am a legal clerk and employee of the publisher,namely,the
Corpus Christi Caller-Times,a daily newspaper published
at Corpus Christi in said City and State,generally circulated
in Aransas, Bee,Brooks, Duval,Jim Hogg,Jim Wells,
Kleberg,Live Oak, Nueces, Refugio,and San Patricio,
Counties,and that the publication of which the annexed is a
true copy,was inserted in the Corpus Christi Caller-Times
on the following dates:
August 23,2020
On this August 24,2020,I certify that the attached
document is a true and exact copy made by the
publisher:
..afiAil
Le•aI No ice Clerk
1 AI
t... , .,, ,�. .�44
LE Aid
/
rotary P 'i ,St;ref Wisco si�/ ounty o rown
N t x ires
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Publication Cost:$1,560.00 PAP PATH 0 P 0 U LO S
Ad No:GCI0479075 PANG public
Customer No:415732
Notary
PO#: NOTICE OF State of Wisconsin
PUBLIC HEARING
I -
NOTICE OF PUBLIC HEARING ON TAX
INCREASE
A tax rate of$0.646264 per$100 valuation has been proposed by the governing body of the City of
Corpus Christi.
PROPOSED TAX RATE $0.646264 per$100
NO-NEW REVENUE TAX RATE $0.632600 per$100
VOTER-APPROVAL TAX RATE $0.654723 per$100
The no-new-revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount of
property tax revenue for City of Corpus Christi from the same properties in both the 2019 tax year and
the 2020 tax year.
The voter-approval tax 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 2020 tax year.
A public hearing on the proposed tax rate will be held on September 08,2020 at the regular City
Council Meeting beginning at 11:30 AM at City Council Chambers,City Hall,1201 Leopard Street,
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 council
members of the City of Corpus Christi at their offices or by attending the public meeting mentioned
above.
YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS
FOLLOWS:
property tax amount=(tax rate)X(taxable value of your property)/100
The members of the governing body voted on the proposed tax increase as follows:
FOR:
Mayor Joe McComb Council Member Roland Barrera
Council Member Rudy Garza Council Member Paulette Guajardo
Council Member Gil Hernandez Council Member Michael Hunter
Council Member Ben Molina Council Member Everett Roy
Council Member Greg Smith
AGAINST:
PRESENT and not voting:
ABSENT:
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:
2019 2020
Change
Total Tax Rate(per$100 of value) $0,646264 $0 646264
decrease of$0.000000 OR 0.00%
Average homestead taxable value $153,872 $158.542
increase of 3.03%
Tax on average homestead $994 $1,025 incre a s e o f$31 OR 3.03%
Total tax levy on all properties $126,216,775 $127,561198 Increase of$1,351,423 OR 1.07%
For assistance with tax calculations,please contact the tax assessor for City of Corpus Christi
at 361-826-3630 or evab®cctexas.com,or visit www.CCTexas.com for more information.
C0000479075,e,
1102 1.9
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Cal ler 1'i mesIlANCD :AR-MEV
PART OF THE USA TODAY NETWORK 2020 SEP 15 PM 2: 23
CERTIFICATE OF PUBLICATION
CITY OF CORPUS CHRISTI SECRETARY
1201 LEOPARD ST
CORPUS CHRISTI TX 78401
STATE OF WISCONSIN
COUNTY OF BROWN
I, being first duly sworn, upon oath depose and say
that I am a legal clerk and employee of the publisher,
namely, the Corpus Christi Caller-Times, a daily
newspaper published at Corpus Christi in said City and
State,generally circulated in Aransas, Bee, Brooks,
Duval, Jim Hogg, Jim Wells, Kleberg, Live Oak,
Nueces,Refugio,and San Patricio,Counties,and that
the publication of which the annexed is a true copy,was
inserted in the Corpus Christi Caller-Times on the
following dates:
9/4/2020
On this September 41" 2020,1 certify that the attached
document is a true and exact copy made by the
publisher:
—C• rte
Legal Notice CI-
Notary Pu•lic,Staell, sconsin,i.my of Brown
Notary Expires
Publication Cost:$1,677.00 -. . ..
�,
Ad No:GC10487616 NANCY HEYR MAN
Customer No:415731 Notary Public
1'O#:NOTICE OF PUBLIC
HEARING ON TAX INCREASE State of Wisconsin
NOTICE OF PUBLIC
HEARING ON TAX INCREASE
A tax rate of$0.646264 per$100 valuation has been proposed,by.th,q," �TMER!
governing body of the City of Corpus Christi.
PROPOSED TAX RATE $0.646264 er$100
NO-NEW REVENUE TAX RATE $0.632600 per$100 2020 S I PM 2� 23
VOTER-APPROVAL TAX RATE $0.654743 per$100
The no-new-revenue tax rate is the tax rate for the 2020 tax year that will
raise the same amount of property tax revenue for the City of Corpus Christi
from the same properties in both the 2019 tax year and the 2020 tax year.
The voter-approval tax rate is the highest tax rate that the 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 the City of Corpus Christi is proposing to increase property taxes
for the 2020 tax year.
A public hearing on the proposed tax rate will be held on September 08,
2020 at the regular City Council Meeting beginning at 11:30 AM at City
Council Chambers, City Hall, 1201 Leopard Street, 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
council members of the City of Corpus Christi at their offices or by attending
the public meeting mentioned above.
YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED
AS FOLLOWS:
property tax amount=(tax rate) X (taxable value of your property)/100
The members of the governing body voted on the proposed tax increase as
follows:
FOR:
Mayor Joe McComb Council Member Roland Barrera
Council Member Rudy Garza Council Member Paulette Guajardo
Council Member Gil Hernandez Council Member Michael Hunter
Council Member Ben Molina Council Member Everett Roy
Council Member Greg Smith
AGAINST:
PRESENT and not voting:
ABSENT:
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 the City of Corpus Christi last year to the taxes proposed to be
imposed on the average residence homestead by the City of Corpus Christi
this year:
2019 2020 Change
Total Tax Rate(per$100 $0.646264 $0.646264 decrease of$0.000000
of value) OR 0.00%
Average homestead taxable $153,872 $158,542 increase of 3.03%
value
Tax on average homestead S994 $1,025 OR 3.crease $31
OR 3.03/o
Total tax levy on all $126,216,775 S127,568,198 increaseof$1,351,423
properties OR 1.07/o
For assistance with tax calculations, please contact the Nueces County Tax
Assessor/Collector's Office at(361) 888-0406 or Heather Huribert, Director
of Finance for the City of Corpus Christi at(361) 826-3613 or by email at
heatherh3@cctexas.com.
/s/ Rebecca Huerta
City Secretary
CCGCI0.1,6.6.0,