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Notice about 2022 Tax Rates Property tax rates in City of La Porte. This notice concerns the 2022 property tax rates for City of La Pone. This notice provides Information about two tax rates used in adopting the current tax year's tax rate. The no -new -revenue tax rate would Impose the same amount of taxes as last year if you compare properties taxed in both years. In most uses, the voter -approval tax rate is the highest tax rate a taxing unit can adopt without holding an election. In each case, these rates are calculated by dividing the total amount of taxes by the current taxable value with adjustments as required by state law. The rates are given per $160 of property value. This year's no -new -revenue tax rate $0.712/$100 This year's voterrappmval tax rate $0.809/$100 To see the full calculations, please visit hams.uueprodigy-taxtransparency.com for a copy of the Tax Rate Calculation Worksheet. Unencumbered Fund Balances The following estimated Warms will be left in the taxing unit's accounts at the end of the fiscal year. These balances are not encumbered by corresponding debt obligation. Type of Fund Balance General Fund 51.883,845 Debt Fund 4,210.657 Current Year Debt Service The following amounts are for long-term debts that am secured by property taxes. These amounts will be paid from upcoming property tax revenues (or additional sales tax revenues, if applicable). Principal or Contract Interest to be Other Amounts Description of Debt Payment to be Paid Paid from to be Paid Total Payment from Property Taxes Property Taxes GeneralObUgadon 1,420,000 109,350 0 1,529,350 Refunding Bond Series 2012 General Obligation 975,000 69,225 0 1,044,225 Refunding Bowl Series 2014 Certificate of Obligation 410,000 137.063 0 547,063 Series 2015 General Obligation Refund 0 94,050 0 94,050 Bonds Series 2016 TWDBLoan 2017 505,000 111,725 0 616,725 General Obligation 435,000 60.200 0 515,200 Refunding Bond Series 2020 Certf ficate of Obligation 225,000 447.975 0 672,875 Bonds Series 2021 Total required for 2022 debt service $5,019,488 - Amount (if any) paid from funds listed In unencumbered funds $o - Amount (if any) paid from other resources $785,255 - Excess collections last year $180,911 = Total to be paid from taxes In 2022 S4,053,322 + Amount added In anticipation that the unit will $0 collect only 100.00% of its taxes in 2022 = Total debt levy $4,053,322 This notice contains a summary of actual no -new -revenue and voter -approval calculations as certified by Charlene Piggott, Director Tax Services on 09/02/2022 . Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access Information regarding your property taxes, Including information about proposed tax rates and scheduled public hearings of each entity that taxes your property. The 86th Texas Legislature modified the Fnanner in which the voter -approval tax rate is calculated to limit the rate of growth of property taxes n the state.