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The City of Corpus Christi adopted a tax rate that will raise more taxes for maintenance and operations than last year’s tax rate. The tax rate will effectively be raised by 4.69 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately $16.87.
The down payment assistance will be in the form of a deferred forgivable loan at zero percent interest amortized over a 5-year period and forgiven at $2,000 per year. All properties in the program must have a value that does not exceed a sales price of $166,000. The home must be located within the city limits of Corpus Christi.
The Port of Corpus Christi voted Tuesday to pursue the purchase of the. Officials say the city was granted a two-point 75-million dollar loan from the texas water development Board to determine if.
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