Laserfiche WebLink
<br />2010 Property Tax Rates in City of La Porte <br />This notice concerns 2010 property tax rates for City of La Porte. It <br />presents information about three tax rates. Last year's tax rate is the actual <br />rate the taxing unit used to determine property taxes last year. This year's <br />effective tax rate would impose the same total taxes as last year if you <br />compare properties taxed in both years. This year's rollback tax rate is the <br />highest tax rate the taxing unit can set before taxpayers can start tax rollback <br />procedures. In each case these rates are found by dividing the total amount <br />of taxes by the tax base (the total value of taxable property) with <br />adjustments as required by state law. The rates are given per $100 of <br />property 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 />Tbis year's effective tax rate: <br /> <br />Last year's adjusted taxes <br /> <br />(after subtracting taxes on lost property) <br /> <br />7 This year's adjusted tax base <br /> <br />(after subtracting value of new property) <br /> <br />= This year's effective tax rate 0.758/$100 <br /> <br />(Maximum rate unless unit publishes notices and holds hearings.) <br />Tbis year's rollback tax rate: <br /> <br />Last year's adjusted operating taxes (after <br /> <br />subtracting taxes on lost property and <br />adjusting for any transferred function, tax <br /> <br />increment financing, state criminal justice <br />mandate, and/or enhanced indigent health <br /> <br />care expenditures) <br /> <br />7 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 />$14,149,185 <br />$2,566,158 <br />$16,715,343 <br />$2,354,273,662 <br /> <br />0.710/$100 <br /> <br />$16,017,433 <br /> <br />$2,111,573,113 <br /> <br />$13,471,963 <br /> <br />$2,111,573,113 <br />0.638 /$100 <br />0.689/$100 <br />o 105 /$100 <br />0.794/$100 <br /> <br />Statement of IncreaselDecrease <br /> <br />If City of La Porte adopts a 2010 tax rate equal to the effective tax rate of <br />$0.758 per $100 of value, taxes would decrease compared to 2009 taxes by <br />$488,118. <br /> <br />Scbedule A - Unencumbered Fund Balances <br /> <br />The following estimated balances will be left in the unit's property tax <br />accounts at the end of the fiscal year. These balances are not encumbered <br />by a corresponding debt obligation. <br />Type of Property Tax Fund <br />------~-_..__._- <br />General Fund <br /> <br />Deht Service Fund <br /> <br />Balance <br />-..-----..-" <br />$11,002,286 <br />$2,981,268 <br /> <br />Schedule B - 2010 Debt Service <br />