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<br />e <br /> <br />-- <br /> <br />1999 Property Tax Rates <br />in City of La Porte <br /> <br />This notice concerns 1999 property tax rates for City of La Porte. It presents <br />infonnation about three tax rates. Last year's tax rate is the actual rate the taxing <br />unit used to detennine property taxes last year. This year's effective tax rate would <br />impose the same total taxes as last year if you compare properties taxed in both <br />years. This year's rollback tax rate is the highest tax rate the taxing unit can set <br />before taxpayers can start tax rollback procedures, In each case these rates are <br />found by dividing the total amount of taxes by the tax base (the total value of <br />taxable property) with adjustments as required by state law. The rates are given per <br />$100 ofproperty value. <br /> <br />Last year's tal rate: <br />Last year's operating taxes <br />Last year's debt taxes <br />Last year's total taxes <br />Last year's tax base <br />Last year's total tax rate <br />ThIs year's efl'eetlve tall rate: <br />Last year's adjusted taxes <br />(after subtracting taxes on lost property) <br /> <br />/ This year's adjusted tax base <br />(after subtracting value of new property) <br /> <br />= This year's effective tax rate <br /> <br />This year's rollback tall rate: <br />Last year's adjusted operating taxes <br />(after subtracting taxes on lost property and adjusting <br />for transferred function) <br /> <br />This year's adjusted tax base <br />= This year's effective operating rate <br />x 1.08 = this year's maximum operating rate <br />+ This year's debt rate <br />= This year's rollback rate <br /> <br />57,210,028 <br />$1,770,884 <br />58,980,912 <br />$1,264,917,183 <br />0.71/$100 <br /> <br />$8,945,575 <br /> <br />$1,215,119,211 <br /> <br />0.73/$100 <br /> <br />57,187,784 <br /> <br />51,215,119,211 <br />0.59/$100 <br />0.63/5100 <br />0.14/$100 <br />0.77/5100 <br />