
A tax rate of 0.185464 per $100 valuation has been proposed by the governing body of Port of Port Arthur Navigation District.
The no-new-revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount of property tax revenue for Port of Port Arthur Navigation District from the same properties in both the 2019 tax year and the 2020 tax year.
NOTICE OF MEETING TO VOTE ON TAX RATE
The voter-approval tax rate is the highest tax rate that Port of Port Arthur Navigation District may adopt without holding an election to seek voter approval of the rate, unless the de minimis rate for Port of Port Arthur Navigation District exceeds the voter-approval tax rate for Port of Port Arthur Navigation District.
The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate for Port of Port Arthur Navigation District, the rate that will raise $500,000, and the current debt rate for Port of Port Arthur Navigation District.
The proposed tax rate is not greater than the no-new-revenue tax rate. This means that Port of Port Arthur Navigation District is not proposing to increase property taxes for the 2020 tax year.
A public meeting to vote on the proposed tax rate will be held on September 23, 2020 at 09:00 AM at the Port Administration Office, 221 Houston Avenue, Port Arthur, Texas 77640.