1983-05-11 Workshop Meeting - Laserfiche WebLink

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• • 2. (A) 19 83 Total Tax Levy from the 19 83 Tax Roll (Assumption No. 1) .........................................$ 3,954,942 (B) Subtract 19 83 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 84 (Assumption No. 5) ..............-$ -0- (C) Subtract 19 83 Debt Service (I&S) Levy (Assumption Pdo. 3) .-$_ 979,180 (D) Subtract 19 83 Taxes Levied for Maintenance and Operation (NI&O) on Ta ab7.e Value of Property Becoming Exempt in 19 84 (Assumption No. 6) ..................................-$` 4,063 (E) Subtract 19 83 Taxes Levied for Maintenance and Operation (M&O) on TaxaTle Value of Property Lost Because Property is Required to be Appraised in 19 34 at Less than Market .___. Value (Assumption No. 7) ..................................-$ -0- (F) Adjusted 19 84 Tax Levy for Calculation ....................$ 2,971,699 3. (A) Adjusted 19 84 Tax Levy for Calculation (2F Above).........$~ 2, 971,699 (B) Divided by Adjusted 19 84 Taxable Value for Calculation (1D Above) .............-................................ :$ 627 ,869,840 Multiplied by $100 Valuation X $100 (C) Calculated Maintenance and Operation (M&O) Rate for 19.84 .$ .47330 TNPF:RFST AND SINKING RATE FOR 19 84 .- 4. (A) 19 84 Tax Levy Needed to Satisfy Bonded Indebtedness or De~Service (I&S) (Assumption No. 11) ................... ..$ 940,000 (B) 19 84 Total Taxable Value of all Property (Assumption No:~ ................................................... ..$ 647 ,869,840 (C) Divide the Adjusted 19 84 Tax Levy for Debt Service (I&S) (4A Above) by the Adjust~E- 19 84 Taxable Value for I&S (4B Above) ...................~......................... ..$ 940,000 ($ 940,000 :$_ 647,869,840 $_ 647 ,869,840 Multiplied by $100 Valuation ........................ .. X $100 (D) Calculated Interest and Sinking (I&S) Rate for 19 84 ..... ..$ .14509 5. (A) Calculated Maintenance and Operation (bI&O) Rate for 19 84 (3C Above) .................................................$ .47330 (B) Add Calculated Interest and Sinking (I&S) Rate for 19 84 (4H Above) ...........................................~. ..$ .14509 (C) Calculated 19 84 Effective Tax Rate ...................... ,.~ ..$ .61839 19 84 Effective Tax Rate is the tax rate Published by the Tax Ass` error as required by Sec. 26.04 of the Property Tax Code. III. MAXIMUM TAX RATE 1. (A) Calculated 19 84 Effective Tax Rate (5C Above) .............$ .61839 (B) Multiplied by Three Percent (30) ........................... X .03 (C) Equals Amount of Increase Allowed by Code ..................$ .01855 (D) 19 84 Maximum Tax Rate (lA + 1C Above) .....................$ .63694 ~~ 19 84 Maximum Tax Rate is the tax rate which, if exceeded, triggers the public notice anc. public hearing req~~ireme_nts of Sec. 26.06 of the Property Tax Code.