HomeMy WebLinkAboutOrdinance - 2022-O0137 - Setting The Tax Rate - 09/13/2022First Reading
September 6, 2022
Item No. 1.4
Second Reading
September 13, 2022
Item No. 6.6
ORDINANCE NO. 2022-00137
AN ORDINANCE SETTING THE TAX RATE AND LEVYING A TAX UPON ALL
PROPERTY SUBJECT TO TAXATION WITHIN THE CITY OF LUBBOCK, TEXAS, FOR
THE YEAR 2022; APPORTIONING SAID LEVY AMONG THE VARIOUS FUNDS AND
ITEMS FOR WHICH REVENUE MUST BE RAISED; FIXING THE TIMES IN WHICH SAID
TAXES SHALL BE PAID AND ASSESSING PENALTY AND INTEREST FOR
NONPAYMENT OF SUCH TAXES WITHIN THE TIME PROVIDED.
WHEREAS, after all notices have been given and hearings held as provided by law, the
City Council has determined the tax rate necessary to produce the revenue necessary to operate
the affairs of the City of Lubbock for the next fiscal year; NOW THEREFORE:
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT there shall be levied and assessed upon all property subject to
taxation within the City of Lubbock, Texas, for the year 2022 the sum of $0.476762 per One
Hundred and No/100s Dollars ($100.00) valuation thereof and the same shall be applied to the
various funds in the following manner:
$0.108317 per $100 valuation to the Interest and Sinking Fund;
$0.348816 per $100 valuation to the General Fund; and
$0.019629 per $100 valuation to the Economic Development Fund.
SECTION 2. THAT all ad valorem taxes shall be paid before the first day of February
2023, and taxes not paid by that time shall be increased by such penalty and interest as is provided
by Chapter 18 of the Code of Ordinances of the City of Lubbock.
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 2.34 PERCENT AND
WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000
HOME BY APPROXIMATELY-$34.52.
AND IT IS SO ORDERED
Tax Levy 2022-23
(8/8/22) Page 1 of 3
Passed by the City Council on first reading this 6th day of September , 2022.
VOTING FOR PASSAGE:
Mayor Tray Payne
Council Member Christy Martinez -Garcia
Council Member Mark W. McBrayer
Council Member Dr. Jennifer Wilson
Council members present but not voting
Council members absent:
VOTING AGAINST PASSAGE:
Mayor Pro Tern Shelia Patterson Harris
Council Member Steve Massengale
Council Member Latrelle Joy
N/A
N/A
assed by the City Council on second reading this 13th day of September , 2022.
Mayor Tray Payne
Council Member Christy Martinez -Garcia
Council Member Mark W. McBrayer
Council Member Dr. Jennifer Wilson
Tax Levy 2022-23
(8/8/22)
VOTING AGAINST PASSAGE:
Mayor Pro Tern Shelia Patterson Harris
Council Member Steve Massengale
Council Member Latrelle Joy
Page 2 of 3
Council members present but not voting: N/A
Council members absent: N/A
TRAY PA R
ATTEST:
Re ca Garza
City Secretary
APPROVED AS TO CONTENT:
�_ t
Chief Financial Officer
APPROVED AS TO FORM:
Amy s
D City Attorney
Tax Levy 2022-23
(8i8/22) Page 3 of 3