An Ordinance of the City of Laredo, providing for the adoption of a tax rate of $0.506080 per $100.00 of value for Tax Year 2026. This tax rate will have a Maintenance and Operations rate of $0.380253 per $100 of Value and an Interest and Sinking Fund Rate of $0.125827 per $100 of Value for the levy and the collection of General and Special Ad Valorem taxes for the City of Laredo in the amount of

Staff Report & Agenda Item Details

An Ordinance of the City of Laredo, providing for the adoption of a tax rate of $0.506080 per $100.00 of value for Tax Year 2026. This tax rate will have a Maintenance and Operations rate of $0.380253 per $100 of Value and an Interest and Sinking Fund Rate of $0.125827 per $100 of Value for the levy and the collection of General and Special Ad Valorem taxes for the City of Laredo in the amount of $140,577,516 for Tax Year 2026 and Fiscal Year 2026-2027. Taxpayer Impact Statement (Required by HB 1522): FISCAL YEAR FISCAL YEAR 2025-2026 2026-2027 DESCRIPTION CURRENT YEAR PROPOSED ------------------------------------------------------------------------------------------------------- Total Tax Rate (per $100 of value) $0.506090 $0.506080 Median Homestead Taxable Value $194,727 $209,899 Tax on Median Homestead $985.49 $1,062.26

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.9/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).