Pearland City Council will meet at 6:30 p.m. Sept. 12 and 26 at 3519 Liberty Drive, Pearland. Meetings are streamed and available at www.pearlandtx.gov. Friendswood City Council will meet at 6 p.m. Sept. 12 at 910 S. Friendswood Drive, Friendswood. A time for the meeting will be determined a week before the meeting. Meeting recordings are posted to the city’s YouTube channel. MEETINGS WE COVER QUOTE OF NOTE “WE HAVE THE RESPONSIBILITY TO IMPROVE DOWNTOWN, AND [KEEP FRIENDSWOOD BEAUTIFUL] BROUGHT TO US AN OPPORTUNITY TO IMPROVE DOWNTOWN.” REBECCA HILLENBURG, FRIENDSWOOD DOWNTOWN ECONOMIC DEVELOPMENT CORP. MEMBER
Pearland City Council sets proposed tax rate for new fiscal year
BY ANDY YANEZ
for FY 2022-23. MARKET TAX
Pearland City Council adopted the proposed tax rate of $0.628765 per $100 valuation, meaning it is the maximum rate that taxpayers could see
PEARLAND With the next fiscal year approaching for the city of Pearland—the first day of fiscal year 2022-23 being Oct. 1—Pearland City Council set the proposed tax rate. City Council at its Aug. 8 meeting unanimously passed a resolution that sets the proposed tax rate at $0.628765 per $100 valuation. The proposed tax rate is lower than the rate adopted for FY 2021-22, which was $0.701416 per $100 valuation. The proposed tax rate is higher than the no-new revenue tax rate but lower than a rate that would require voter approval, also known as the voter-approval tax rate, City Manager Clay Pearson said. For FY 2022-23, the no-new- revenue tax rate, or the rate by which the city would collect the same taxes in the upcoming fiscal year as it did in FY 2021-22, is $0.543044 per $100 valuation, according to the city’s proposed budget documents.
$0.7092
$0.80 $0.75 $0.70 $0.65 $0.60 $0.55 0
$0.628765
2018-19
2019-20
2020-21
2021-22
2022-23**
Fiscal year
*PER $100 VALUATION **TAX RATE NOT YET FINAL
SOURCE: CITY OF PEARLAND/COMMUNITY IMPACT NEWSPAPER
“It puts a ceiling on [the tax rate]; it doesn’t put the floor,” Pearland Mayor Kevin Cole said. Pearland City Council cannot pass a tax rate higher than the proposed rate passed on Aug. 8, Pearson said. City Council can reduce the rate once it is officially adopted prior to FY 2022-23, Pearson said. The property tax rate is for the city of Pearland only.
Under the proposed tax rate, a Pearland homeowner with a house valued at $300,000 would pay roughly $1,886 in city property taxes. The calculation does not account for any possible tax exemptions. The city is planning to pass the first reading of the budget and tax rate Sept. 12. The second reading will be Sept. 26 prior to the new fiscal year, which will start Oct. 1.
SHADOW CREEK 11023 Shadow Creek Pkwy • 281-977-1027 PEARLAND 10555 Pearland Pkwy • 713-987-9205 ALMEDA 11130 Gulf Fwy • 713-910-3941 FRIENDSWOOD 3126 FM 528 • 281-648-5473
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