Laserfiche WebLink
<br />a 2005 Property Tax Rates in City of La Porte a <br /> <br />This noti.ncems 2005 property tax rates for City of La Port. presents <br />infonnation about three tax rates. Last year's tax rate is the actual rate the taxing unit <br />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 propertiestaxed in both years. <br />This year's rollback tax rate is the highest tax rate the taxing unit can set before <br />taxpayers can start tax rollback procedures. In each case these rates are found by <br />dividing the total amount of taxes by the tax base (the total value of taxable property) <br />with adjustments as required by state law. The rates are given per $ I 00 of property <br />value. <br /> <br />Last year's tax rate: <br /> <br />Last year's operating taxes <br /> <br />Last year's debt taxes <br /> <br />Last year's total taxes <br /> <br />Last year's tax base <br /> <br />Last year's total tax rate <br /> <br />This year's effective tax rate: <br /> <br />Last year's adjusted taxes <br />(after subtracting taxes on lost prope~ <br /> <br />+ This year's adjusted tax base <br />(after subtracting value of new prope~ <br /> <br />= This year's effective tax rate 0.712/$100 <br /> <br />(Maximum rate unless unit publishes notices and holds hearings.) <br />This year's rollback tax rate: <br /> <br />Last year's adjusted operating taxes (after <br />subtracting taxes on lost property and adjusting <br />for any transferred function, tax increment <br />fmancing, and/or enhanced indigent health care <br />expenditures) <br /> <br />+ This year's adjusted tax base <br />= This year's effective operating rate <br />x 1.08 = this year's maximum operating rate <br />+ This. year's debt rate <br />= This year's total rollback rate <br /> <br />$ 10,108,481 <br />$ 1,618,678 <br />$ 11,727,159 <br />$ 1,651,712,535 <br />0.710/$100 <br /> <br />$ 11,585,410 <br /> <br />$ 1,625,068,600 <br /> <br />$ 9,983,005 <br /> <br />$ 1,625,068,600 <br />0.614/$100 <br />0.663/$100 <br />0.097/$100 <br />0.760/$100 <br /> <br />Statement of IncreaselDecrease <br />If City of La Porte adopts a2005 tax rate equal to the. effective tax rate of $).712 per <br />$100 of value, taxes would decrease compared t02004 taxes by $34,681. <br /> <br />Schedule A" Unencumbered Fund Balances <br /> <br />The following estimated balances will be left in the unit's property tax accounts at the <br />end of the fiscal year. These balances are not encumbered by a corresponding debt <br />obligation <br />Type of Property Tax Fund <br /> <br />General Fund <br />Debt Service Fund <br /> <br />Schedule B -.2005 Debt Service <br /> <br />Balance <br /> <br />$7,102,252 <br />$1,304,595 <br />