09-19-19 Special Meeting of the La Porte City Council

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9. 2019 adjusted taxable value. Enter Line 23 from the Effective Tax mate Worksheet. $3,114,002,357 30.2019 effective maintenance and operations rate. Divide Line 28H by Line 29 and $0,5771/$100 multiply by $100. 31. 2019 rollback maintenance and operation rate. Multiply Line 30 by 1.08. $0.6232/$100 32. Total 2019 debt to be paid with property taxes and additional sales tax revenue. Debt means the interest and principal that will be paid on debts that: (1) are paid by property taxes, (2) are secured by property taxes, (3) are scheduled for payment over a period longer than one year and (4) are not classified in the taxing unit's budget as M&O expenses. A. Debt also includes contractual payments to other taxing units that have incurred debts on $4,657,119 behalf of this taxing unit, if those debts meet the four conditions above. Include only amounts that will be paid from property tax revenue. Do not include appraisal district budget payments. Enter debt amount. B. Subtract unencumbered fund amount used to reduce total debt. $0 C. Subtract amount paid from other resources. $1,266,326 D. Adjusted debt.. Subtract l3 and C from. A. $3,390,793 33. Certified 2018 excess debt collections. Enter the amount certified by the collector. $0 34. Adjusted 2019 debt. Subtract Line 33 from. Line 32D. $3,390,793 35. Certified 2019 anticipated collection rate. Enter the rate certified by the collector. If 100.00% the rate is 100 percent or greater, enter 100 percent. 36.201.9 debt adjusted for collections. Divide Line 34 by Line 35 $3,390,793 3'7.2019 total taxable value. Enter the amount on Line 19. $3,229,326,398 38.2019 debt tax rate. Divide Linc 36 by Line 37 and multiply by $100. $0.1050/$100 39. 2019 rollback tax rate. Add Lines 31 and 38. $0.7282/$100 40. C©�Jl"�IITIES ONLY. Add together the rollback tax rates for each type oftax the county levies. The total is the 2019 county rollback tax rate.