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• • <br />2. (A) 19 83 Total Tax Levy from the 19~ Tax Roll <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 gg (Assumption No. 5) ..............-$ _p_ <br />(C) Subtract 19 83 Debt Service (I&S) Levy (Assumption Pdo. 3).-$_ 979.18(1 <br />(D) Subtract 19 83 Taxes Levied for Maintenance and Operation <br />(bi&O) on Tame Value of Property Becoming Exempt in <br />19 84 (Assumption No. 6) ..................................-$ 216,425 <br />(E) Subtract 19 83 Taxes Levied for Maintenance and Operation <br />(M&O) on Ta aT~le Value of Property Lost Because Property <br />is Required to be Appraised in 19~ at Less than Market <br />Value (Assumption No. 7) ..................................-$ -0- <br />(F) Adjusted 19 84 Tax Levy for Calculation ....................$ 2,759,337 <br />3. (A) Adjusted 19 84 Tax Levy for Calculation (2F Above).........$. 2.759.337 __ <br />(B) Divided by Adjusted 19 84 Taxable Value for Calculation <br />'~""' .:$ 588,669,840 <br />(1D Above) ............................................... <br />Multiplied by $100 Valuation X $100 <br />(C) Calculated Maintenance and Operation (M&O) Rate for 19 g4 ..$ .46874 <br />INTEREST AND SINKING RATE FOR 19 84 <br />._._.. <br />.. <br />4. (A) 19 84 Tax Levy Needed to Satisfy Bonded Indebt ess•or•..•$ 940,000 <br />De~Service (I&S) (Assumption No. 11) .............. <br />(B) 19 84 Total Taxable Value of all Property (Assumption <br />No-$) .....................................................$ 608,669,840 <br />(C) Divide the Adjusted 19 84 Tax Levy for Debt Service (I&S) <br />(4A Above) by the Adjust~e 19 84 Taxable V~ue for I&S .$ 940,000 <br />(4B Above) ................................................ <br />($ 940,000 :$ 608,669,840 $_ 608,669,840 <br />Multiplied by $100 Valuation .......................... X $100 <br />(D) Calculated Interest and Sinking (I&S) Rate for 19 84 .......$ .15443 <br />5. (A) Calculated Maintenance and Operation (M&O) Rate for 19 g4 <br />(3C Above) .................................................$ .46874 <br />(B) Add Calculated Interest and Sinking (I&S) Rate for 19 84 <br />(4H Above) .................................................$ .15443 <br />(C) Calculated 19 84 Effective Tax Rate ........................$ .62317 <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. MAXIM[JM TAX RATE <br />1. (A) Calculated 19 84 Effective Tax Rate (SC Above) .............$ .62317 <br />._ <br />(B) Multiplied by Three Percent (30) ........................... X .03 <br />(C) Equals Amount of Increase Allowed by Code ..................$ .01870 <br />(D) 19 84 Maximum Tax Rate (lA + 1C Above) .....................$ .64187 <br />~~ <br />19 84 Maxinnun Tax Rate is the tax rate which, if exceeded, <br />triggers the public notice and. public hearing req~~irements <br />of Sec. 26.06 of the Property Tax Code. <br />