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<br />e <br /> <br />e <br /> <br />City of La Porte <br />GOVERNING BODY SUMMARY #IB <br />Comparison of This Year's Tax Levy with Last Year's Tax Levy <br /> <br />September 10,02 <br /> <br /> Last Year's Tax Levy *: $10,704,501 <br />TAX RATE THIS YEAR'S TAX LEVY <br />PER $100 TAXLEVY** INCREASE *** <br />0.710 $10,808,359 $103,858 <br />0.717 $10,914,921 $210,420 <br />0.738 $11,234,605 $530,104 <br />0,762 $11,599,958 $895,457 <br />0.710 $10,808,359 $103,858 <br /> <br />DESCRIPTION OF TAX RATE <br /> <br />LAST YEAR'S TAX RATE <br />EFFECTWE TAX RATE <br /> <br />NOTICE & HEARING LIMIT **** <br /> <br />ROLLBACK TAX RATE <br />PROPOSED TAX RATE <br /> <br />* This figure is calculated based on Texas Property Tax Code's definition of "last year's levy". <br /> <br />** This year's tax levies are calculated using line 19 of the Effective Tax Rate Workshee <br /> <br />*** Tax levy increase is the difference between this year's tax levy and last years tax levy. <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 of the effective tax rate. <br />