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O-2002-2585
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O-2002-2585
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Last modified
11/2/2016 3:39:09 PM
Creation date
7/27/2006 9:11:57 AM
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Template:
Legislative Records
Legislative Type
Ordinance
Date
9/9/2002
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<br />e <br /> <br />e <br /> <br />City of La Porte <br />GOVERNING BODY SUMMARY #lA <br />Benchmark 2002 Tax Rates <br /> <br />September 10, 02 <br /> TAX RATE TAX ADDITIONAL <br />DESCRIPTION OF TAX RATE PER $100 LEVY * TAX LEVY <br />EFFECTIVE TAX RATE 0,717 $10,914,921 $0 <br />ONE PERCENT TAX INCREASE ** 0,724 $11 ,021 ,482 $106,561 <br />ONE CENT PER $100 TAX INCREASE ** 0.727 $11,067,151 $152,230 <br />NOTICE & HEARING LIMIT *** 0.738 $11,234,605 $319,684 <br />ROLLBACK TAX RATE 0.762 $11,599,958 $685,037 <br />LAST YEAR'S TAX RATE 0.710 $10,808,359 ($106,562) <br />PROPOSED TAX RATE 0,710 $10,808,359 ($106,562) <br /> <br />* Tax levies are calculated using line 19 of the Effective Tax Rate Worksheet <br />** Tax increase compared to effective tax rate. <br /> <br />*** <br /> <br />The Notice & Hearing Limit is the highest tax rate that may be adopted without notices and a public <br />hearing. It is the lower of the rollback tax rate or 103 percent ofthe effective tax rate, <br />
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