1983-05-11 Workshop Meeting - Laserfiche WebLink

Browse Search

NOTICE OF CALt'[Tt~1TION OF EE'FECrIVE TAX RATE AND PUBLICATION OF ESTIMATID UNENCUMBERID FUI]D 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 mare than three percent (3%) 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 USED TO DETERMINE EFFECTIVE TAX RA'Z'E (Cal~ulat~don th a 40% Estimated Optional Residential Hanestead I . ASSL~'I'IONS : ~ 1. 19 83 Total Tax Levy from the 19_83 Tax Roll .................... $ 3.954.942- 2. 19 83 Tax Rate ($. 54174 M&O and $. 17826 I~S) ................. ___. $ .72/100 3. 19 83 Debt Service(I&S) Levy .................................... $ 979,180 - 4. 19 83 Maintenance and Operation (M&0) Levy ...................... .._._. $~ 2,975,765 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,g~ ........................................................... $ -0- 6. 19 83 Taxes Levied for Maintenance and Operation (M&O) on Tax- able Value of Property Becoming Exempt in 19 b4 ................. $ 216,425 - 7. 19 83 Taxes Levied for Maintenance and Operations (M&O) on Tax- able ~lalue of Property Lost Because Property is Required to be appraised in 19 84 at less than Market Value .................... $ -0- 8. 19 84 Total Taxable Value of All Property ....................... _._ $ 608,669,840 .. 9. . . 19 84 Taxable Value of New Improvements Added Since January 1, 19 83 ........................................................... ._.. $` 20,000,000 10. 19 84 Taxable Value of Property Added Since January 1, 19 g3, by . Annexation of.Territory ........................................ $ -0- 11. 19 84 Tax Levy Needed to Satisfy Bonded Indebtedness or Debt Se v ce (I&5) ................................................... $ 940.000 I I . CAL~CUL~ATIONS NfP~IN7.I~NCE AND OPERATION (M&O) TAX RATE FOR 19 84 1. (A) 19 84 Total Taxable Value of All Property (Assumption No. 8) ........................................$ 608,669,840 (B) Subtract 19 84 Taxable Value of New I~rovements Added (Assumption No. 9) ........................................$ 20,000,000 (C) Subtract 19 84 Taxable Value of Property Added by Annex- ation (Pssumption No. 10) .................................$ -0- - (D) Adjusted 19 84 Taxable Value for Calculation ..............$_ 588,669,840