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• NOTICE OF CALC[JLATION OF EFFECTIVE TAX RATE AND PUBLICATION OF ESTIMATID LERID FUIID BALANCES I, Tax Assessor-Collector, for the City of La Porte, in accordance with the 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 (30) by the governing body of the City of La Porte without holding a public hearing as required by the code. That rate is as follows: $ per $100 of Value. The estimated unencumbered balances for Maintenance & Operation Fund: The estimated unencumbered balances for Interest & Sinking Fund: -- Name Title Date * * * * * * .* CALCULATIONS USID TO DETERMINE EFFECTIVE 'TAX RATE (Calculated without optional residential homestead exemption) I . ASSL'M~'1'IONS 1. 19~ Total Tax Levy from the 19~,Tax Roll ....................$ x,954.942 2. 19~ Tax Rate ($.54 47 M&O and $. 17826 I&S) .................$, .72/100 3. 19 83 Debt Service(I&S) Levy .................................... $ 979.180 - 4. 19 g~ Maintenance and Operation (M&O) Levy ...................... $ 2,975,765 r 5. 19 83 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 Taxes Levied for Maintenance and Operation (M&O) on Tax- able Value of Property Beccaning Exempt in 19 84 .........•..••••• $ 4,063 7. 1983 Taxes Levied for Maintenance and Operations (M&O) on Tax- able'~lalue of Property Lost Because Property is Required to be appraised in 19 g4 at less than Market Value .................... $ -0- 8. 19 84 Total Taxable Value of All Property ....................... $ 647,869,840 9. 19 g4 Tax~-ible Value of New Improvements Added Since January 1, 19 g3 ........................................................... $` 20,000,000 - 10. 19 84 Taxable Value of Property Added Since January 1, 19 83, by Annexation of.Territory ........................................ 11. 19 84 Tax Levy Needed to Satisfy Bonded Indebtedness or Debt Sei`wice (I&S) ................................................... $ 940,000 _ II: CALCULATIONS: NfP,INI.~NANCE AND OPERATION (M&O) TAX RATE FOR 19 84 1. (A) 19 84 Total Taxable Value of All Property (Assumption No. 8) ........................................$ 647,869,840 (B) Subtract 19 84 Taxable Value of New Improvements Added (Assumption No. 9) ........................................$ 20,000,000 (C) Subtract 19 84 Taxable Value of Property Added by Annex- ation (P.sstunption No. 10) .................................$ -0- (D) Adjusted 19 84 Taxable Value for Calculation ..............$_ 627,869,840_