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• <br /> (Assumption No. 1) .........................................$ 3,954,942 <br />(B) Subtract 19 83 Taxes Levied for Maintenance and Operation <br /> (M&O) on Pro erty in Territory that has Ceased to be a <br /> Part of the Unit in 19 84 (Assumption No. 5) ..............-$ -0- <br />(C) Subtract 19 83 Debt Service (I&S) Levy (Assumption No. 3).-$_ 979,180 <br />(D) Subtract 19 83 Taxes Levied for Maintenance and Operation <br /> (M&O) on Tame Value of Property Becoming Exempt in <br /> 19 84 (Assumption No. 6) ..................................-$` 4,063 _ <br />(E) S~,ibtract 19 83 Taxes Levied for Maintenance and Operation <br /> (M&O) on Tama 1e Value of Property Lost Because Property <br /> is Required to be Appraised in 19 84 at Less than Market <br /> Value (Assumption No. 7)..........~ ......................-$ -0- <br />(F) Adjusted 19 84 Tax Levy for Calculation ....................$ 2,971,699 <br />3. (A) Adjusted 19 84 Tax Levy for Calculation (2F Above).........$~ 2,971,699 <br />(B) Divided by Adjusted 19 84 Taxable Value for Calculation <br /> (1D Above)........... ` ................................:$~ 627,869,840 <br /> Multiplied by $100 Valuation X $100 <br />(C) Calculated Maintenance and Operation (M&O) Rate for 19 84~.$ .47330 <br /> <br />INTEREST AND SINKING RATE FOR 19 84 <br />4. (A) 19 84 Tax Levy Needed to Satisfy Bonded Indebtedness or <br /> De t~Service (I&S) (Assumption No. 11) .....................$ <br />. 940,000 <br />(B) 19 84 Total Taxable Value of all Property (Assumption <br /> No:~ .....................................................$ 647,869,840 <br />(C) Divide the Adjusted 19 84 Tax Levy for Debt Service (I&S) <br /> (4A Above) by the Adjust~cc 19 84 Taxable Value for I&S <br /> (4B Above) ...................l...........................$ 940,000 <br /> ($^ 940,000 :$^ 647,869,840 $_ 647,869,840 <br /> Multiplied by $100 Valuation .......................... X $100 <br />(D) Calculated Interest and Sinking (I&S) Rate for 19 84 .......$ .14509- <br /> <br />5. (A) Calculated Maintenance and Operation (M&O) Rate for 19 84 <br /> (3C Above) .................................................$ .47330 <br />(B) Add Calculated Interest and Sinking (I&S) Rate for 19 84 <br /> (4H Above) .................................................$ .14509 <br />(C) Calculated 19 84 Effective Tax Rate ........................$ <br />,_. .61839 <br />2. (A) 19 83 Total Tax Levy from the 19 83 Tax Roll <br />19 84 Effective Tax Rate is the tax rate Published by the Tax <br />Assessor as required by Sec. 26.04 of the Property Tax Code. <br />III. <br />MAXIlKUM TAX RATE <br />1. (A) Calculated 19 84 Effective Tax Rate (5C Above) .............$ .61839 <br />(B) Multiplied by Three Percent (3%) ........................... X .03 <br />(C) Equals Amount of Increase Allowed by Code ..................$ .01855 <br />(D) 19 84 Maximum Tax Rate (lA + 1C Above) .....................$ .63694 <br />._. <br />19 84 Maximum Tax Rate is the tax rate which, if exceeded, <br />triggers the public notice and. public hearing req~~ira..mer_ts <br />of Sec. 26.06 of the Property Tax Code. <br />