Board of Directors Regular Meeting Agenda
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Receive, consider, adopt and set by Order The Woodlands Township 2014 ad valorem tax rate for maintenance and operations and the 2014 ad valorem tax rate for debt service;
Projected Property Tax Revenues for Maintenance and Operations = $37.1 million @ $0.229 rate
Projected Property Tax Revenues for Debt Service = $3.4 million @ $0.021 rate
On August 5 2014, the Board of Directors proposed a 201 property tax rate for maintenance and operations equal to $0.229. Additionally, the Board proposed a 2014 property tax rate for debt service equal to $0.021. The total of these two rates is $0.25, which is below the effective tax rate of $0.2721 calculated by the Montgomery County Tax Assessor/Collector.
Legal counsel for The Woodlands Township has prepared Order No. 012-14 and the related Certificate for Order for the levies of 2014 property taxes to fund maintenance and operations and debt service. The tax rates contained in the Order are consistent with the proposed rates approved by the Board on August 5, 2014. The Order and accompanying Certificate for Order are attached for review.
The approval of (a) the tax rate for maintenance & operations and (b) the tax rate for debt service must be made by separate motions and votes of the Board.
Approve Order No. 012-14 levying a 2014 ad valorem tax rate of $0.229 per $100 of taxable value for maintenance and operations.
Approve Order No. 012-14 levying a 2014 ad valorem tax rate of $0.021 per $100 of taxable value for debt service.
Order No. 012-14 Levying 2014 Ad Valorem Taxes
Certificate for Order No. 012-14
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