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<br />2006 Property Tax Rates in City of La Porte <br />This notice concerns 2006 property tax rates for City of La Porte. It presents <br />information about three tax rates. Last year's tax rate is the actual rate the taxing unit <br />used to determine property taxes Jast 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 oftaxes by the tax base (the total value of taxable property) <br />with adjustments as required by state law. The rates are given per $100 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 propert); <br /> <br />+ This year's adjusted tax base <br />(after subtracting value of new propert); <br /> <br />= This year's effective tax rate 0.722 /$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 $ 10,430,731 <br />subtracting taxes on lost property and adjusting <br />for any transferred function, tax increment <br />financing, 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 />$ 10,501,578 <br />$ 1,661,750 <br />$ 12,163,328 <br />$ 1,713,144,789 <br />0.710/$100 <br /> <br />$ 12,083,981 <br /> <br />$ 1,672,759,042 <br /> <br />$ 1,672,759,042 <br />0.624/$100 <br />0.673 /$100 <br />0.099/$100 <br />0.772 /$100 <br /> <br />Statement ofIncrease!Decrease <br />If City of La Porte adopts a2006 tax rate equal to the effective tax rate of SlJ.722 per <br />$100 ofvalue, taxes would increase compared t02005 taxes by $183,573. <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 ofthe fiscal year. These balances are not encumbered by a corresponding debt <br />obligation. <br /> <br />Type of Property Tax Fund <br /> <br />Genreal Fund <br /> <br />Debt Service Fund <br /> <br />Balance <br /> <br />Schedule B - 2006 Debt Service <br /> <br />$9,634,199 <br />$1,702,319 <br />