1983-05-11 Workshop Meeting - Laserfiche WebLink

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• • 2. (A) 19 82 Total Tax Levy from the 19 g2 Tax Roll (Assumption No. 1) .........................................$ 3.816,343 (B) Subtract 19 82 Taxes Levied for Maintenance and Operation (M&O) on Prop ty in Territory that has Ceased to be a Part of the Unit in 19 83 (Assumption No. 5) ..............-$ -0- (C) Subtract 19 82 Debt Service (I&S) Levy (Assumption No. 3).-$ ' 980,694 (D) Subtract 19 82 Taxes Levied for Maintenance and Operation (NI&O) on Tame Value of Property Becoming Exempt in 19 83 (Assumption No. 6) ..................................-$~ 4,012 _ (E) Subtract 19 82 Taxes Levied for Maintenance and Operation (M&O) on Ta able Value of Property Lost Because Property is Required to be Appraised in 19 83 at Less than Market Value (Assumption No. 7).........:~ ......................-$ -0- (F) Adjusted 19 83 Tax Levy for Calculation ....................$ 2,831,638 3. (A) Adjusted 19 83 Tax Levy for Calculation (2F Above).........$ 2,831,638 (B) Divided by Adjusted 19 83 Taxable Value for Calculation (1D Above) ............................................... •:$. 529,297,550 Multiplied by $100 Valuation X $100 (C) Calculated Maintenance and Operation (M&O) Rate for 19 83 ..$ .53498 INTEREST AND SINKING RATE FOR 19 83 .__.. 4. (A) 19 83 Tax Levy Needed to Satisfy Bonded Indebtedness or De t~Service (I&S) (Assumption No. 11) .....................$ 940,000 (B) 19 83 Total Taxable Value of all Property (Assumption Nom .....................................................$ 549,297,550 (C) Divide the Adjusted 19 83 Tax Levy for Debt Service (I&S) (4A Above) by the Adjusted 19 83 Taxable Value for I&S (4B Above) ................... ...........................$ 940,000 ($ 940,000 ;$ 549,297,550 $ 549,297,550 Multiplied by $100 Valuation .......................... X $100 (D) Calculated Interest and Sinking (I&S) Rate for 19 83 .......$ ._, .17113 5. (A) Calculated Maintenance and Operation (M&O) Rate for 19 83 (3C Above) .................................................$ .53498 (B) Add Calculated Interest and Sinking (I&S) Rate for 19 83 (4H Above) ...........................................:~...$ .17113 (C) Calculated 19 83 Effective Tax Rate ........................$ ,~ .70611 19 83 Effective Tax Rate is the tax rate Published by the Tax Assessor as required by Sec. 26.04 of the Property Tax Code. III. MAXIMUM TAX RATE 1. (A) Calculated 19 83 Effective Tax Rate (5C Above) .............$ .70611 (B) Multiplied by Three Percent (30) ........................... X .03 (C) Equals Amount of Increase Allowed by Code ..................$ .02118 (D) 19 83 Maximum Tax Rate (lA + 1C Above) .....................$ .72729 ._. 19~ Maximum Tax Rate. is the tax rate which, if exceeded, triggers the public notice anc. public hearing req~~irements of Sec. 26.06 of the Property Tax Code.