Property owners in the City of Houston would see a decrease in their local tax bill under a proposed rate to be considered Aug. 17 by the Houston City Council.
The figure is .4225 cents per $100 assessed valuation. Last year’s rate was .4981 cents. The reduction is due because of a reduction in the city’s debt service rate. The city’s assessed valuation is pegged at $21.9 million.
A hearing is 7:15 p.m. Aug. 17 at Houston City Hall.