Houston to consider 2-cent cut in property tax rate

City Council could cut Houston’s property tax rate for the fourth time in five years under a proposal advanced by the Turner administration Wednesday.The rate recommended by the city Finance Department is 56.8 cents per $100 of assessed value. That would represent a two-cent cut from the current rate of 58.8 cents.Council could vote on the rate as soon as Sept. 11. Wednesday’s vote was simply to put the proposed rate on next week’s council agenda.Under the proposed rate, the ow