City passes biggest tax cut in decades (Houston Chronicle)

Photo Courtesy of Houston Chronicle

Photo Courtesy of Houston Chronicle

By Mike Morris

Houston residents will get the largest city tax cut in years, as the revenue cap voters imposed a decade ago begins to have its first noticeable impact on the city budget.

The City Council on Wednesday unanimously adopted the new property tax rate, about 60 cents per $100 of home value, down from about 63 cents. The new rate is the lowest since 1987.

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