How much you’ll pay in property taxes in Corpus Christi has been tentatively — although not definitively — set.
If support is extended into next week, the current rate would remain in effect for the coming year.
The current property tax rate — and the one approved in the City Council’s first vote on Sept. 1 — is about 59.9 cents per $100 valuation.
It was approved in a seven-member vote.
Voting in favor were City Council members Carolyn Vaughn, Gil Hernandez, Kaylynn Paxson, Sylvia Campos, Roland Barrera, Mark Scott and Everett Roy.
City Councilman Eric Cantu voted in dissent.
Mayor Paulette Guajardo is currently on suspension from her role. She is expected to return
from her suspension next week, before the second vote on the property tax rate, as well as the city budgets.
Although the property tax rate wouldn’t change, some property owners may pay more anyway, if their property valuation has increased.
Carrying over the same property tax rate from this year to next represents a 0.5% increase, documents show.
Council members had the option of adopting a no-new-revenue rate, which is a rate intended to bring in the same amount of revenue as the year before.
The no-new-revenue rate was only slightly lower this year, according to council documents.
The rate that won first approval was 59.97 cents per $100 valuation. The no-new-revenue rate is shown in records as 59.69 cents per $100 valuation.
The City Council is expected to take its second and final vote on the property tax rate in its next meeting, Sept. 8.
Kirsten Crow covers city government and water news. Have a story idea? Contact her at kirsten.crow@caller.com.
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This article originally appeared on Corpus Christi Caller Times: How much you'll pay in Corpus Christi property taxes almost finalized
