1983-05-11 Workshop Meeting - Laserfiche WebLink

Browse Search

• • NOTICE OF CALCULATION OF EFFECTIVE TAX RATE AND PUBLICATION OF ESTIMATID UNENC[A~4BERID FUND BALANCES I, Tax Assessor-Collector, for the City of La Porte, in accordance with e provisions of Sec. 26.04 of the Property Tax Code, have calculated the tax rate which may not be exceeded by more than three percent (3$) by the governing body of the City of Ia Porte without holding a public hearing as required by the code. That rate is as follows: $ per $100 of Value. The estimated unencumbered balances for Maintenance & Operation Fund: The estimated unencumbered balances for Interest & Sinking Fund: Name Title Date CAI~C[JLATIONS USED TO D~'RM~' EFFECTIVE TAX RATE I . ASSi~~ IONS 1. 19 82 Total Tax Levy from the 19 82 Tax Roll ....................$. 3,816,343 2. 19~ Tax Rate ($.~,R49R M&O and $. 18~I~S) .................$ _~~~inn 3. 19~ Debt Service(I&S) Levy ....................................$ 980.694 4. 19 g? Maintenance and Operation (M&O) Levy ......................$ 2,835,648 5. 19 g2 Taxes Levied for Maintenance and Operation (M&O) on Prop- erty `in Territory that has Ceased to be a Part of the Unit in 19~ ...........................................................$ -0- 6. 19 g2 Taxes Levied for Maintenance and Operation (M&O) on Tax- able Value of Property Beccening Exempt in 19 82 ................. ._. $ .. 4,012 7. 19 82 Taxes Levied for Maintenance and Operations (M&O) on Tax- able ~lalue of Property Lost Because Property is Required to be appraised in 19 83 at less than Market Value .................... $ -0- 8. 19 g3 Total Taxable Value of All Property ....................... ..~. $ ~ 549,297,550 w 9. 19 g3 Taxable Value of New Improvements Added Since January 1, 19 g ........................................................... $~ 20,000,000 10. 19 83 Taxable Value of Property Added Since January 1, 19 82 , by Ann ation of Territory ..................................~.... $ -0- 11. 19 83 Tax Levy Needed to Satisfy Bonded Indebtedness or Debt ~ Serv ice (I&S) ................................................... $ .. 940,000 I I . CALCUI~F,TIONS NfAINTIIVANCE AND OPERATION (M&O) TAX RATE FOR 19 83 1 1. (A) 19 83 Total Taxable Value of All Property (Assumption No. 8) ........................................$ 549,297,550 (B) Subtract 19 83 Taxable Value of New Improvements Added (Assumption D-Io. 9) ........................................$ 20,000,000 (C) Subtract 19 83 Taxable Value of Property Added by Annex- ation (P.ssumption No. 10) .................................$ -0- (D) Adjusted 19 83r Taxable Value for Calculation ..............$_ 529,297,550