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Ord. 1596 2020-09-14ORDINANCE NO.1596 An Ordinance adopting a tax rate of $0.72000 and levying taxes for the use and support of the Municipal Government of the City of Pearland, Texas, and providing for the interest and sinking fund of the taxable year 2020. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That there is hereby levied and there shall be collected for the use and support of the Municipal Government of the City of Pearland, Texas, and to provide Interest and Sinking Fund for taxable year 2020 upon all property, real, personal, and mixed within the corporate limits of said City subject to taxation, a tax of $0.72000 on each One Hundred Dollars ($100.00) valuation of property, said tax being so levied and apportioned for the specific purpose herein set forth: (1) For the maintenance and support of the General Government (General Fund), the sum of $0.305000 on each $100 valuation of property, and (2) For the Interest and Sinking Fund, the sum of $0.415000. Section 2. All monies collected under this ordinance for the specific items therein named, be and the same are hereby appropriated and set apart for the specific purpose indicated in each item and that the Assessor and Collector of Taxes, the Director of Finance, and the City Manager shall so keep these accounts as to readily and distinctly show the amount collected, the amounts expended, and the amount on hand at any time belonging to such funds. It is hereby made the duty of the Tax Assessor and Collector of Taxes and every person collecting money for the City of Pearland to deliver to the Director of Finance and the City Manager, at the time of depositing of any monies, a statement showing to what fund such deposit should be made, and from what source received. All receipts for the City not specifically apportioned by this ordinance are hereby made payable to the General Fund of the City. ORDINANCE NO.1596 PASSED and APPROVED ON FIRST READING this the 14th day of September, A.D., 2020. AT ST: CRY TAE ROAN, TRMC, CMC CITY SECRETARY TOM REID MAYOR PASSED and APPROVED ON SECOND and FINAL READING this the 28th day of September, A. D., 2020. ATTEST: CR TAL ROAN, TRMC, CMC CITY SECRETARY APPROVED AS TO FORM: JARRIN M. COKER CITY ATTORNEY K TOM REID MAYOR FY21 Pearldnd Proposed Budget Al �► �. L i j I FY 21 Meeting Dates • 1st K„Aditib .,�ptember 14th • Ordinance to adopt tax rate • Ordinance to adopt budget and pay plans Ordinance to adopt fee updates (Non -Development Only) • 2nd Reading — September 28th • Ordinance to adopt tax rate • Ordinance to adopt budget and pay plans • Ordinance to adopt fee updates (Non -Development Only) pearlandtx.gov/fy21 budget Tax Rate Overview Operations and Maintenance Rate (O&M) Debt Service Rate (DS) Total Rate O&M % of Rate DS % of Rate Aso *Rate 11 Book 1, Property Taxes, Page 2 FY2019 FY2020 0.2792 0.4300 0.7092 39.4% 60.6% 0.3068 0.4344 0.7412 41.4% 58.6% Proposed FY 2021 0.3050 0.4150 0.7200 42.4% 57.6% Change (0.0018) (0.0194) (0.0212) pearlandtx.gov/fy21 budget Revaluations in a quality community and new growth have brought the taxable roll (excluding the Shadow Creek Ranch TIRZ) to $9.5 billion, an 11.8% increase from the prior year Budget based upon certified values received 7/28 for Brazoria and Fort Bend. Harris County will not be certified until August Taxable Value $14 TIRZ vs. City $12 Assessed Valuation as Portion of Total $10 $a 9.5 7.9 8.1 8.5 00 $6 7.6 6.4 $a5.4 5.9 5.0 5.1 5.1 5.2 $Z 1.2 1.3 1.6 1.7 2.0 2.1 2.5 2.6 2.7 2.9 00o`L OHO`ti O�� L" ` o3 OHO`o ❑ TIRZ #2 ❑ CITY TAXABLE ROLL (Net-TIRZ) pearlandtx.gov/fy21 budget Historical Tax Rate Information • Just over two cent decrease in total rate from FY20 08 • $25 million in current 0.7 collections to General Fund; 0 $34 million to Debt Service 0.5 Fund 0.4 • As recently as FY 13 and FY 14 the debt rate was 71 % of 0.3 the levy there was just 30.5% p2 available for operations. Nowa 42.3% available for operations. Tax Rate Distribution �a ❑ DEBT SERVICE 0 GENERAL FUND g�f pearlandtx.gov/fy21 budget MUD REBATE $0.064 0% Breakout of Tax Rate Breakoutof Property Tac Date DEBT SERVICE $0.3505 $35.2 M GENERAL FUND (OPERATIONS) $0.3068 $25.4M 10% 0% 0% 40% 50% 60% 70% 0% 90% 100% L _A pearlandtx.gov/fy21 budget Debt to Assessed Value (AV) Compared to General Obligation Debt cn $450 c 0 $400 $350 $300 $250 $200 $150 $100 $50 $0 � Other* � COs GO Debt to AV with TIRZ ----------- 4.92% 4.80% 4.82% � 2001 Bonds Authorization � 2019 Bond Authorization GO Debt to AV w/o TIRZ $290 $309 306 $307 $328 2007 Bonds Authorization TIRZ Cos $435 $422 $420 6% $373 $395 $339 5% �- $323 325 $326 4.46% 4.56%1 $286 298 .35% ` ■ 4% $260 $263 4.02% ° 3.78% 3.30/o 31 3.34% 2.97% 2.96% 2.95% 0 -SM"! 306 .2.67% 3% 2.96% ° � 3.03% 2.86% 2.77% 2.80% 2.57% 2.58% 2.49% 2.22% 2% 1% ■ 0% �,�\ �� \ ��\ <0 �O\ �,l\ �O\ �O\`L O\`L N\`L �O �O rp�O r r f rp rp, O`1' T pearItWdtx.gov/fy21 budget \°, ti ti ti � 2001 Bonds Authorization � 2019 Bond Authorization GO Debt to AV w/o TIRZ $290 $309 306 $307 $328 2007 Bonds Authorization TIRZ Cos $435 $422 $420 6% $373 $395 $339 5% �- $323 325 $326 4.46% 4.56%1 $286 298 .35% ` ■ 4% $260 $263 4.02% ° 3.78% 3.30/o 31 3.34% 2.97% 2.96% 2.95% 0 -SM"! 306 .2.67% 3% 2.96% ° � 3.03% 2.86% 2.77% 2.80% 2.57% 2.58% 2.49% 2.22% 2% 1% ■ 0% �,�\ �� \ ��\ <0 �O\ �,l\ �O\ �O\`L O\`L N\`L �O �O rp�O r r f rp rp, O`1' T pearItWdtx.gov/fy21 budget Property Tax Revenue • Tax worksheets from County Tax Assessor/Collector included in pocket of binder • Recommended rate is below the "No New Revenue" and below the "Voter -Approved Rate" calculations • Debt Service Tax Rate decreased from 43.4 cents in FY20 to 41.5 cents in FY21; assisted by use of DS fund balance drawdown • General Fund Tax Rate decreased slightly from 30.7 cents in FY20 to 30.5 cents i n FY21 j Comparison of Potential Property Tax Rate and Revenue Fiscal Year 2021* General Fund FY2020 (2) No New (3) Voter and Debt Actual Rates Revenue Rate Approval Rate Service Property & Amended 1) Proposed (formerly (formerly Tax Rates Budget Tax RatE Effective Tax Rollback Tax Rate) Rate) O&M 0.306778 0.305000 0.322640 0.317275 Debt Service 0.434434 0.415000 0.415000 0.415000 Total 0.741212 0.720000 0.737640 0.732275 G. F. Property Tax Revenue + TIRZ $26.3 + $12.0 $28.1 + $12.5 $29.8 + $12.9 = $29.3 + $12.8 = Admin Fee (in = $38.3 = $40.6 $42.7 $42.1 millions *For Fiscal Year 2021, the proposed rate in green is used in the recommended budget revenue. pearlandtx.gov/fy21 budget Property Tax Examples Looking at estimated individual tax bills, looking at a zero growth property with a value of $187,000 would see a $39 annual ($3.25 per month) decrease in the City of Pearland portion of their tax bill. Zero Growth Homestead Example 1 Homestead Example 2 Homestead Example 3 Homestead Example 4 Homestead Example 5 TY19Actual COP Tax Bill $ 1,349 $ 1,967 $ 1,123 $ 1,191 $ 1,893 $ 1,021 TY19Taxable Value $ 187,000 272,210 $ 156,490 $ 165,640 $ 262,000 $ 142,720 % Increase (Decrease) 0.0% -1.3% 16.1% 14.1% 1.1% 27.6% TY20 Taxa b I e Value $ 187,000 Change $ 268,800 $ 181,640 $ 188,950 $ 265,000 $ 182,060 Change Change from Change from Change Change City TY 2020 from Prior TY 2020 TY 2020 TY 2020 TY 2020 TY 2020 from Prior Scenario Prior Year Prior Year from Prior from Prior Rate Amount Year Amount Amount Amount Amount Amount Year Actual Actual Year Actual Year Actual Actual Actual Proposed TR 0.7200 $ 1,310 $ (39) $ 1,887 $ (80) $ 1,203 $ 81 $ 1,276 $ 85 $ 1,860 $ (33) $ 1,094 $ 74 j ft ■ pearlandtx.gov/fy21 budget Property Tax Examples Looking at estimated individual tax bills, looking at Homestead Example 8, a home with a value of $449,910 that sees a 5% increase in Taxable Value would see a $65 annual ($5.42 per month) increase in the City of Pearland portion of their tax bill and the City rate decrease. No increase to Senior exemption properties, regardless of rate change — Remains substantial below non-exempt properties TY19 Actual COP Tax Bill TY19 Taxable Value °/a Increase (Decrease) TY20 Taxable Value Homestead Example 6 $ 1,547 $ 214,080 $ 4.1% $ 222,910 Homestead Example 7 2,273 $ 314,502 $ 1.0 317,59501$ Homestead Example 8 3,251 449,910 5.0% 472,490 Senior Example H5 9 Homestead Example 10 1,556 $ 2,426 $ 275,700 $ 335,750 6.3%11.5 293,000 $ 341,0701$ Senior Example 205 173,850 3.710 180,260 City TY 2020 Change TY 2020 Change from TY 2020 Change from TY 2020 TY 2020 TY 2020 Change from Change Change Scenario from Prior Prior Year Prior Year Prior Year from Prior from Prior Rate Amount Amount Amount Amount Amount Amount Year Actual Actual Actual Actual year Actual Year Actual (Proposed TR 1 0.7200 1 $ 1,565 1$ J 1 1S 1$ 2,230 1$ $ 3,317 1$ 65 r 1,556 1$ - 1$ 2,334 1 $ (321$ 206 1 - pearlandtx.gov/fy21 budget Total property Tax Bill Taxable Value Summary Annual $ Tax Year 2019 Tax Year 2020 Change Appraised Value 252,000 265,400 $ 3,000 Homestead Cap Loss - - 1 $ Taxable Value $ 262,000 15 265,000 $ 3,000 Pr000sed Tax Rate Comparison of Values Taxing Entity Tax Year 2419 Tax Year 2020 Annual $ Change %of Total Rate Amount Amount Rate" %of Total Amount Amount Alvin Independent School District 1.3977 3,313 39.2`l 1.3977 3,35439.8 `4 42 MUD #034 0,7500 1,572 18.5% 0,7500 1,590 183% 18 City of Pearland 0.7412 1,893 22.4% 0.7204 1,860 22.1% (33) Brazoria County 03652 765 911% 0,3420 725 8.6% (40) Alvin Community College 0.1859 487 5.8% 0.1834 486 5.8°f (1) Brazoria County Drainage District 44 0.14601 306 11 3.6% 0.1460 310 1 3.7%1 4 Road & Bridge Fund (Brazoria County} 0.050ol 103 1.2°l 0.05001 145 1 1.2%1 1 Total /o of Appraised Value 3.6360 1 8,4403,5892 3.2%v 8,430 3.236 (10) *Certified Tax Yearn urn be rs are not shared until October_ These are based on preliminary numbers on Brazoria, Harris and Fort Bend County Tax Assessor's websites- " 2020 tax rates are not certified. Based either on advertised rates or 2019 rate. The City portion of a property tax bill, supporting our Police, Fire, Public Works, Parks, Drainage, Roads, and support, is about 25% to 30% of the tota 1. Public education remains the largest component from local property taxes. School rates vary, but declining as Fort Bend ISD (4 cents) and Pearland ISD (4 cents) due to State of Texas funding changes with the new budget. pearlandtx.go0y21 budget j I FY 21 Meeting Dates • 1st K„Aditib .,�ptember 14th • Ordinance to adopt tax rate • Ordinance to adopt budget and pay plans Ordinance to adopt fee updates (Non -Development Only) • 2nd Reading — September 28th • Ordinance to adopt tax rate • Ordinance to adopt budget and pay plans • Ordinance to adopt fee updates (Non -Development Only) pearlandtx.gov/fy21 budget Summary of Homestead Property Tax Bills Projected for 2020 Tax Year (for FY 2021 Budget Cycle) Pearland, Texas Updated 9/10/2020 Zero Growth Homestead Example 1 Homestead Example 2 Homestead Example 3 Homestead Example 4 Homestead Example 5 TY19 Actual COP Tax Bill $ 1,349 $ 1,967 $ 1,123 $ 1,191 $ 1,893 $ 1,021 TY19 Taxable Value $ 187,000 $ 272,210 $ 156,490 $ 165,640 $ 262,000 $ 142,720 % Increase (Decrease) 0.0% -1.3% 16.1% 14.1% 1.1% 27.6% TY20 Taxable Value $ 187,000 $ 268,800 $ 181,640 $ 188,950 $ 265,000 $ 182,060 Scenario City Rate TY 2020 Amount Change from Prior Year Actual TY 2020 Amount Change from Prior Year Actual TY 2020 Amount Change from Prior Year Actual TY 2020 Change from Prior Year Amount Actual TY 2020 Change from Prior Amount Year Actual TY 2020 Amount Change from Prior Year Actual Proposed TR 0.7200 $ 1,310 $ (39) $ 1,887 $ (80) $ 1,203 $ 81 $ 1,276 $ 85 $ 1,860 $ (33) $ 1,094 $ 74 Homestead Example 6 Homestead Example 7 Homestead Example 8 Senior Example HS 9 Homestead Example 10 Senior Example TY19 Actual COP Tax Bill $ 1,547 $ 2,273 $ 3,251 $ 1,556 $ 2,426 $ 206 TY19 Taxable Value $ 214,080 $ 314,502 $ 449,910 $ 275,700 $ 335,760 $ 173,850 % Increase (Decrease) 4.1% 1.0% 5.0% 6.3% 1.6% 3.7% TY20 Taxable Value $ 222,910 $ 317,595 $ 472,490 $ 293,000 $ 341,070 $ 180,260 Scenario City Rate TY 2020 Amount Change from Prior Year Actual TY 2020 Amount Change from Prior Year Actual TY 2020 Amount Change from Prior Year Actual TY 2020 Amount Change from Prior Year Actual TY 2020 Amount Change from Prior Year Actual TY 2020 Amount Change from Prior Year Actual Proposed TR 0.7200 $ 1,565 $ 18 $ 2,230 $ (43)1$ 3,317 $ 65 $ 1,556 $ - $ 2,394 $ (32) $ 206 $ Updated 9/10/2020 Homestead Generic Example -- Zero Growth Address: N/A Characteristics: Subdivision: N/A 0% property value growth in 2019 and 2020 Taxable Value Summary Annual $ Tax Year 2019 Tax Year 2020 Change Appraised Value 187,000 187,000 - Homestead Cap Loss - - - Taxable Value Is 187,000 $ 187,000 1- Proposed Tax Rate Comparison of Values Taxing Entity Tax Year 2019 Tax Year 2020 Annual $ Change Rate Amount Rate** Amount City of Pearland 0.74121 1,349 0.72001 1,310 (39) Updated 9/10/2020 Address: XXXX Seabrough Characteristics: Did not exceed Homestead Cap in 2019 or 2020 Within MUD boundaries (MUD 26) Homestead Tax Bill Example 1 Taxable Value Summary Subdivision: Shadow Creek Ranch Annual $ Tax Year 2019 Tax Year 2020 Change Appraised Value 272,210 268,800 (3,410) Homestead Cap Loss - - Taxable Value Is 272,210 $ 268,800 1 (3,410) Proposed Tax Rate Comparison of Values Taxing Entity Tax Year 2019 Rate Amount % of Total Amount Tax Year 2020 Rate" Amount % of Total Amount Annual $ Change Alvin Independent School District 1.3977 3,455 39.9% 1.3977 3,408 40.4% (48) City of Pearland 0.7412 1,967 22.7% 0.7200 1,887 22.4% (80) MUD #26 0.6900 1,503 17.4% 0.6900 1,484 17.6% (19) Brazoria County 0.3652 795 9.2% 0.3420 735 i 8.7% (60) Alvin Community College 0.1859 506 5.8% 0.1834 493 5.9% (13) Brazoria County Drainage District #4 0.1460 318 3.7% 0.1460 314 3.7% (4) Road & Bridge Fund (Brazoria County) 1 0.0500 107 1 1.2%1 0.0500 106 L1.3% (1) Total % of Appraised Value 1 3.57601 1 8,652 3.2% 3.52921 8,427 3.1% (225) *Certified Tax Year numbers are not shared until October. These are based on preliminary numbers on Brazoria, Harris and Fort Bend County Tax Assessor's websites. ** 2020 tax rates are not certified. Based either on advertised rates or 2019 rate. Baseline Homestead Exemption 10% cap on taxable value growth from previous year In addition to the 10% cap, this property qualifies for the following Homestead exemptions: City of Pearland: 2.5% deduction to Taxable Value Brazoria County Drainage District #4: 20% deduction to Taxable Value Brazoria County: 20% deduction to Taxable Value Road & Bridge Fund (Brazoria County): 20% deduction to Taxable Value plus additional $3,000 deduction to Taxable Value MUD #26: 20% deduction to Taxable Value Alvin ISD: $25,000 deduction to Taxable Value Updated 9/10/2020 Address: XXXX Pecan Grove Dr Characteristics: Exceeded Homestead Cap in 2020 but not 2019 Not within MUD boundaries Homestead Tax Bill Example 2 Taxable Value Summary Subdivision: Southwyck Annual$ Tax Year 2019 Tax Year 2020 Change Appraised Value 156,490 181,640 25,150 Homestead Cap Loss - 9,501 9,501 Taxable Value Is 156,490 $ 172,139 1 15,649 Proposed Tax Rate Comparison of Values Taxing Entity Tax Year 2019 Rate Amount of Total Amount Tax Year 2020 % of Total Rate" Amount Amount Annual $ Change Pearland Independent School District 1.3956 1,835 50.2% 1.3585 1,999 50.7% 164 City of Pearland 0.7412 1,123 30.7% 0.7200 1,203 ` 30.5% 81 Brazoria County 0.3652 457 12.5% 0.3420 471 11.9% 14 Brazoria County Drainage District #4 0.1460 183 5.0% 0.1460 201 5.1% 18 Road & Bridge Fund (Brazoria County) 0.05001 61 1 1.7% 0.05001 67 1.7% 6 Total of Appraised Value 1 2.69801 3,659 2.3% 2.6165 3,942 2.29/c 283 *Certified Tax Year numbers are not shared until October. These are based on preliminary numbers on Brazoria, Harris and Fort Bend County Tax Assessor's websites. ** 2020 tax rates are not certified. Based either on advertised rates or 2019 rate. Baseline Homestead Exemption 10% cap on taxable value growth from previous year In addition to the 10% cap, this property qualifies for the following Homestead exemptions: City of Pearland: $5,000 deduction to Taxable Value Brazoria County Drainage District #4: 20% deduction to Taxable Value Brazoria County: 20% deduction to Taxable Value Road & Bridge Fund (Brazoria County): 20% deduction to Taxable Value plus additional $3,000 deduction to Taxable Value Pearland ISD: $25,000 deduction to Taxable Value Updated 9/10/2020 Address: XXXX Meadow Creek Characteristics: Exceeded Homestead Cap in 2020 but not 2019 Not within MUD boundaries Homestead Tax Bill Example 3 Taxable Value Summary Subdivision: Woodcreek Annual $ Tax Year 2019 Tax Year 2020 Change Appraised Value 165,640 188,950 23,310 Homestead Cap Loss - 6,746 6,746 Taxable Value Is 165,640 $ 182,204 1 16,564 Proposed Tax Rate Comparison of Values Taxing Entity Tax Year 2019 Rate Amount % of Total Amount Tax Year 2020 Rate" Amount % of Total Amount Annual $ Change Pearland Independent School District 1.3956 1,963 50.4% 1.3585 2,136 50.9% 173 City of Pearland 0.7412 1,191 30.6% 0.7200 1,276 30.4% 85 Brazoria County 0.3652 484 12.4% 0.3420 499 11.9% 15 Brazoria County Drainage District #4 0.1460 193 5.0% 0.1460 213 5.1% 19 Road & Bridge Fund (Brazoria County) 0.05001 65 1 1.7% 0.05001 71 1 1.7% 7 Total % of Appraised Value 2.69801 3,896 1 2.4% 2.6165 4,194 2.2% 299 *Certified Tax Year numbers are not shared until October. These are based on preliminary numbers on Brazoria, Harris and Fort Bend County Tax Assessor's websites. ** 2020 tax rates are not certified. Based either on advertised rates or 2019 rate. Baseline Homestead Exemption 10% cap on taxable value growth from previous year In addition to the 10% cap, this property qualifies for the following Homestead exemptions: City of Pearland: $5,000 deduction to Taxable Value Brazoria County Drainage District #4: 20% deduction to Taxable Value Brazoria County: 20% deduction to Taxable Value Road & Bridge Fund (Brazoria County): 20% deduction to Taxable Value plus additional $3,000 deduction to Taxable Value Pearland ISD: $25,000 deduction to Taxable Value Updated 9/10/2020 Address: XXXX Auburn Trail Characteristics: Did not exceed Homestead Cap in 2019 or 2020 Within MUD boundaries (MUD 34) Homestead Tax Bill Example 4 Taxable Value Summary Subdivision: Southern Trails Annual$ Tax Year 2019 Tax Year 2020 Change Appraised Value 262,000 265,000 $ 3,000 Homestead Cap Loss - - $ Taxable Value $ 262,000 $ 265,000 $ 3,000 Proposed Tax Rate Comparison of Values Taxing Entity Rate Tax Year 2019 of Total Amount Amount Rate" Tax Year 2020 Amount % of Total Amount Annual $ Change Alvin Independent School District 1.3977 3,313 39.2% 1.3977 3,354 39.8% 42 MUD #34 0.7500 1,572 18.6% 0.7500 1,590 18.9% 18 City of Pearland 0.7412 1,893 22.4% 0.7200 1,860 22.1% (33) Brazoria County 0.3652 765 9.1% 0.3420 725 8.6% (40) Alvin Community College 0.1859 487 5.8% 0.1834 486 5.8% (1) Brazoria County Drainage District #4 0.1460 306 3.6% 0.1460 310 3.7% 4 Road & Bridge Fund (Brazoria County) 0.0500 103 1.2%1 0.0500 105 1.2%1 1 Total % of Appraised ValueVE 3.6360 8,440 3.2% 3.5892 8,430 3.2% (10) *Certified Tax Year numbers are not shared until October. These are based on preliminary numbers on Brazoria, Harris and Fort Bend County Tax Assessor's websites. ** 2020 tax rates are not certified. Based either on advertised rates or 2019 rate. Baseline Homestead Exemption 10% cap on taxable value growth from previous year In addition to the 10% cap, this property qualifies for the following Homestead exemptions: City of Pearland: 2.5% deduction to Taxable Value Brazoria County Drainage District #4: 20% deduction to Taxable Value Brazoria County: 20% deduction to Taxable Value Road & Bridge Fund (Brazoria County): 20% deduction to Taxable Value plus additional $3,000 deduction to Taxable Value Alvin ISD: $25,000 deduction to Taxable Value MUD 34: 20% deduction to Taxable Value Updated 9/10/2020 Address: XXXX Dixie Hollow Characteristics: Exceeded Homestead Cap in 2020 but not 2019 Not within MUD boundaries Homestead Tax Bill Example 5 Taxable Value Summary Subdivision: Dixie Woods Annual$ Tax Year 2019 Tax Year 2020 Change Appraised Value 142,720 182,060 $ 39,340 Homestead Cap Loss - 25,068 $ 25,068 Taxable Value Is 142,720 $ 156,992 $ 14,272 Proposed Tax Rate Comparison of Values Taxing Entity Rate Tax Year 2019 Amount of Total Amount Rate" Tax Year 2020 Amount % of Total Amount Annual $ Change Pearland Independent School District 1.3956 1,643 49.7% 1.3585 1,793 50.3% 150 City of Pearland 0.7412 1,021 30.9% 0.7200 1,094 30.7% 74 Brazoria County 0.3652 417 12.6% 0.3420 430 12.1% 13 Brazoria County Drainage District #4 0.1460 167 5.0% 0.1460 183 5.1% 17 Road & Bridge Fund (Brazoria County) 0.0500 56 1.7% 0.0500 61 1.7% 6 Total of Appraised Value 2.69801 3,3032.61651 2.3% 3,562 2.0% 259 *Certified Tax Year numbers are not shared until October. These are based on preliminary numbers on Brazoria, Harris and Fort Bend County Tax Assessor's websites. ** 2020 tax rates are not certified. Based either on advertised rates or 2019 rate. Baseline Homestead Exemption 10% cap on taxable value growth from previous year In addition to the 10% cap, this property qualifies for the following Homestead exemptions: City of Pearland: $5,000 deduction to Taxable Value Brazoria County Drainage District #4: 20% deduction to Taxable Value Brazoria County: 20% deduction to Taxable Value Road & Bridge Fund (Brazoria County): 20% deduction to Taxable Value plus additional $3,000 deduction to Taxable Value Pearland ISD: $25,000 deduction to Taxable Value Updated 9/10/2020 Address: XXXX Southmere Characteristics: Did not exceed Homestead Cap in 2019 or 2020 Not within MUD boundaries Homestead Tax Bill Example 6 Taxable Value Summary Subdivision: Southdown Annual$ Tax Year 2019 Tax Year 2020 Change Appraised Value 214,080 222,910 $ 8,830 Homestead Cap Loss - - $ Taxable Value $ 214,080 $ 222,910 $ 8,830 Proposed Tax Rate Comparison of Values Taxing Entity Rate Tax Year 2019 Amount of Total Amount Rate" Tax Year 2020 % of Total Amount Amount Annual $ Change Pearland Independent School District 1.3956 2,639 51.3% 1.3585 2,689 51.6% 50 City of Pearland 0.7412 1,547 30.1% 0.7200 1,565 30.0% 18 Brazoria County 0.3652 625 12.2% 0.3420 610 11.7% (16) Brazoria County Drainage District #4 0.1460 250 4.9% 0.1460 260 5.0% 10 Road & Bridge Fund (Brazoria County) 0.0500 84 1.6% 0.0500 88 ' 1.7% 4 Total of Appraised Value 2.69801 5,1462.61651 2.4% 5,211 2.3% 66 *Certified Tax Year numbers are not shared until October. These are based on preliminary numbers on Brazoria, Harris and Fort Bend County Tax Assessor's websites. ** 2020 tax rates are not certified. Based either on advertised rates or 2019 rate. Baseline Homestead Exemption 10% cap on taxable value growth from previous year In addition to the 10% cap, this property qualifies for the following Homestead exemptions: City of Pearland: 2.5% deduction to Taxable Value Brazoria County Drainage District #4: 20% deduction to Taxable Value Brazoria County: 20% deduction to Taxable Value Road & Bridge Fund (Brazoria County): 20% deduction to Taxable Value plus additional $3,000 deduction to Taxable Value Pearland ISD: $25,000 deduction to Taxable Value Updated 9/10/2020 Address: XXXX Pepper Landing Characteristics: Did not exceed Homestead Cap in 2019 or 2020 Within MUD boundaries (MUD 28) Homestead Tax Bill Example 7 Taxable Value Summary Subdivision: Preserve at Highland glen Tax Year 2019 Annual$ Tax Year 2020 Change Appraised Value 314,502 317,595 $ 3,093 Homestead Cap Loss - - $ Taxable Value $ 314,502 $ 317,595 $ 3,093 Proposed Tax Rate Comparison of Values Taxing Entity Rate Tax Year 2019 of Total Amount Amount Rate" Tax Year 2020 Amount % of Total Amount Annual $ Change Pasadena ISD 1.3784 3,570 33.9% 1.3784 3,613 34.2% 43 Mud #28 0.8200 2,579 24.5% 0.8200 2,604 24.6% 25 City of Pearland 0.7412 2,273 21.6% 0.7200 2,230 21.1% (43) Harris County 0.4071 1,024 ' 9.7% 0.4071 1,034 9.8% 10 San Jacinto Community College 0.1782 551 5.2% 0.1782 557 5.3% 6 Harris County Hospital District 0.1659 417 4.0% 0.1659 422 4.0% 4 Harris County Flood Control 0.0279 70 0.7% 0.0279 71 0.7% 1 Port of Houston 0.0107 27 0.3% 0.0107 27 0.3% 0 Harris County Education Dept 0.0050 13 0.1% 0.0050 13 0.1% 0 Total of Appraised Value 3.7345 10,525 3.3% 3.71331 0 10,570 3.35 45 *Certified Tax Year numbers are not shared until October. These are based on preliminary numbers on Brazoria, Harris and Fort Bend County Tax Assessor's websites. ** 2020 tax rates are not certified. Based either on advertised rates or 2019 rate. Baseline Homestead Exemption 10% cap on taxable value growth from previous year In addition to the 10% cap, this property qualifies for the following Homestead exemptions: City of Pearland: 2.5% deduction to Taxable Value Pasedena ISD: $55,512 deduction to Taxable Value Harris County: 20% deduction to Taxable Value Brazoria County Flood Control: 20% deduction to Taxable Value Port of Houston: 20% deduction to Taxable Value Harris County Hospital District: 20% deduction to Taxable Value Harris County Education Dept: 20% deduction to Taxable Value San Jacinto: $5,000 deduction to Taxable Value Updated 9/10/2020 Address: XXXX Greenblade Characteristics: Did not exceed Homestead Cap in 2019 or 2020 Within MUD boundaries (MUD 1) Homestead Tax Bill Example 8 Taxable Value Summary Subdivision: Shadow Creek Ranch Annual$ Tax Year 2019 Tax Year 2020 Change Appraised Value 449,910 472,490 $ 22,580 Homestead Cap Loss - - $ Taxable Value $ 449,910 $ 472,490 $ 22,580 Proposed Tax Rate Comparison of Values Taxing Entity Rate Tax Year 2019 Amount of Total Amount Rate" Tax Year 2020 Amount % of Total Amount Annual $ Change Fort Bend ISD 1.2700 5,396 40.4% 1.2324 5,515 40.1% 119 MUD #1 0.8480 3,052 22.9% 0.8480 3,205 23.3% 153 City of Pearland 0.7412 3,251 24.3% 0.7200 3,317 24.1% 65 Fort Bend County 0.44471 1,601 12.0% 0.4359 1,648 12.0% 47 Fort Bend Drainage 0.01531 55 0.4% 0.0153 58 0.4% 3 Total of Appraised Value 3.31921 13,3563.25161 3.0% 13,743 2.9% 387 *Certified Tax Year numbers are not shared until October. These are based on preliminary numbers on Brazoria, Harris and Fort Bend County Tax Assessor's websites. ** 2020 tax rates are not certified. Based either on advertised rates or 2019 rate. Baseline Homestead Exemption 10% cap on taxable value growth from previous year In addition to the 10% cap, this property qualifies for the following Homestead exemptions: City of Pearland: 2.5% deduction to Taxable Value Fort Bend County Drainage: 20% deduction to Taxable Value Fort Bend County: 20% deduction to Taxable Value MUD 1: 20% deduction to Taxable Value Fort Bend ISD: $25,000 deduction to Taxable Value Updated 9/10/2020 Homestead Tax Bill Example 9 (Recent Senior) Address: XXXX Carson Ave Characteristics: Did not exceed Homestead Cap in 2019 or 2020 Have other exemptions beside HS Taxable Value Summary Subdivision: Southgate Annual $ Tax Year 2019 Tax Year 2020 Change Appraised Value 275,700 293,000 17,300 Homestead Cap Loss - - - Taxable Value $ 275,700 $ 293,000 17,300 Proposed Tax Rate Comparison of Values Taxing Entity Tax Year 2019 Rate Amount of Total Amount Tax Year 2020 % of Total Rate" Amount Amount Annual $ Change Alvin Independent School District 1.3977 3,205 54.8% 1.3977 3,205 54.1% - City of Pearland 0.7412 1,556 26.6% 0.7200 1,556 26.3% - Brazoria County 0.3652 440 7.5% 0.3420 460 7.8% 19 Alvin Community College 0.1859 373 6.4% 0.1834 400 6.8% 27 Brazoria County Drainage District #4 0.14601 213 1 3.6% 0.1460 233 3.9% 20 Road & Bridge Fund (Brazoria County) 1 0.05001 60 1 1.0% 0.05001 67 1.1% 7 Total of Appraised Value 2.88601 5,846 2.1% 2.8392 5,920 2.0% 73 *Certified Tax Year numbers are not shared until October. These are based on preliminary numbers on Brazoria, Harris and Fort Bend County Tax Assessor's websites. ** 2020 tax rates are not certified. Based either on advertised rates or 2019 rate. Baseline Homestead Exemption 10% cap on taxable value growth from previous year In addition to the 10% cap, this property qualifies for the following Homestead exemptions: City of Pearland: Deduct the higher of 2.5% or $5,000 of Taxable Value Brazoria County Drainage District #4: 20% deduction to Taxable Value Brazoria County: 20% deduction to Taxable Value Road & Bridge Fund (Brazoria County): 20% deduction to Taxable Value plus additional $3,000 deduction to Taxable Value Alvin ISD: $25,000 deduction to Taxable Value 65+ Exemptions Alvin ISD: Tax Ceiling at $3,204.5 City of Pearland: Tax Ceiling at $1,555.54 Brazoria County Drainage District #4: Extra $75,000 Deduction to taxable Value after 20% deduction Brazoria County: Extra $100,000 Deduction to taxable Value after 20% deduction Road & Bridge Fund (Brazoria County): Extra $100,000 Deduction to taxable Value after 20% deduction Pearland ISD: Tax Ceiling at $413.71 Alvin Community College: $75,000 deduction to Taxable Value to Senior Updated 9/10/2020 Address: XXXX Silver Leaf Characteristics: Did not exceed Homestead Cap in 2019 or 2020 Not within MUD boundaries Homestead Tax Bill Example 10 Taxable Value Summary Subdivision: Countryplace Annual$ Tax Year 2019 Tax Year 2020 Change Appraised Value 335,760 341,070 $ 5,310 Homestead Cap Loss - - $ Taxable Value $ 335,760 $ 341,070 $ 5,310 Proposed Tax Rate Comparison of Values Taxing Entity Rate Tax Year 2019 Amount of Total Amount Rate" Tax Year 2020 Amount % of Total Amount Annual $ Change Pearland Independent School District 1.3956 4,337 52.4% 1.3585 4,294 52.7% (43) City of Pearland 0.7412 2,426 29.3% 0.7200 2,394 29.4% (32) Brazoria County 0.3652 981 11.9% 0.3420 933 11.4% (48) Brazoria County Drainage District #4 0.1460 392 4.7% 0.1460 398 4.9% 6 Road & Bridge Fund (Brazoria County) 0.0500 133 1.6% 0.0500 135 1.7% 2 Total of Appraised Value 2.69801 8,2692.6165 2.5% 8,155 2.4% (115) *Certified Tax Year numbers are not shared until October. These are based on preliminary numbers on Brazoria, Harris and Fort Bend County Tax Assessor's websites. ** 2020 tax rates are not certified. Based either on advertised rates or 2019 rate. Baseline Homestead Exemption 10% cap on taxable value growth from previous year In addition to the 10% cap, this property qualifies for the following Homestead exemptions: City of Pearland: 2.5% deduction to Taxable Value Brazoria County Drainage District #4: 20% deduction to Taxable Value Brazoria County: 20% deduction to Taxable Value Road & Bridge Fund (Brazoria County): 20% deduction to Taxable Value plus additional $3,000 deduction to Taxable Value Pearland ISD: $25,000 deduction to Taxable Value Updated 9/10/2020 Address: XXXX Churchill Homestead Senior Tax Bill Example Taxable Value Summary Subdivision: Sherwood Annual$ Tax Year 2019 Tax Year 2020 Change Appraised Value 173,850 180,260 6,410 Homestead Cap Loss 5,319 - (5,319) Taxable Value Is 168,531 $ 180,260 1 11,729 Proposed Tax Rate Comparison of Values Taxing Entity Tax Year 2019 Rate Amount of Total Amount Rate" Tax Year 2020 Amount % of Total Amount Annual $ Change Pearland Independent School District 1.3956 414 51.5% 1.3585 414 46.3% City of Pearland 0.7412 206 25.7% 0.7200 206 23.1% Brazoria County Drainage District #4 0.1460 87 10.9% 0.1460 101 11.3% 14 Brazoria County 0.3652 83 10.3% 0.3420 151 16.9% 68 Road & Bridge Fund (Brazoria County) 0.0500 14 1.7% 0.05001 22 1 2.5% 9 Total of Appraised Value 2.6980 804 0.5% MLM12.6165894 0.5% 90 *Certified Tax Year numbers are not shared until October. These are based on preliminary numbers on Brazoria, Harris and Fort Bend County Tax Assessor's websites. ** 2020 tax rates are not certified. Based either on advertised rates or 2019 rate. Homestead Exemption 10% cap on taxable value growth from previous year In addition to the 10% cap, this property qualifies for the following Homestead exemptions: City of Pearland: $5,000 deduction to Taxable Value Brazoria County Drainage District f#: 20% deduction to Taxable Value Brazoria County: 20% deduction to Taxable Value Road & Bridge Fund (Brazoria County): 20% deduction to Taxable Value plus additional $3,000 deduction to Taxable Value Pearland ISD: $25,000 deduction to Taxable Value 65+ Exemptions City of Pearland: Tax Ceiling at $206.31 Brazoria County Drainage District f#: Extra $75,000 Deduction to taxable Value after 20% deduction Brazoria County: Extra $100,000 Deduction to taxable Value after 20% deduction Road & Bridge Fund (Brazoria County): Extra $100,000 Deduction to taxable Value after 20% deduction Pearland I511): Tax Ceiling at $413.71 Updated 9/10/2020 Independent School District Tax Rate Change 2019 vs. 2020 2019 Tax Rate 2020 Tax Rate Change Pearland ISD 1.3956 1.3585 -0.0371 Pasadena ISD 1.3784 1.3784 0 Houston ISD 1.1367 1.1331 -0.0036 Fort Bend ISD 1.2700 1.2324 -0.0376 Clear Creek ISD 1.3100 1.2659 -0.0441 Alvin ISD 1.3977 1.3977 0