1983-05-11 Workshop Meeting - Laserfiche WebLink

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NOTICE OF CALC[TI,ATION OF EF'FEC'TIVE TAX RATE AND PUBLICATION OF ESTIMATED UNENC[JNIBERID 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 (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 unenc~unbered balances for Maintenance & Operation Fund: The estimated unenctunbered balances for Interest & Sinking Fund: Name Title Date CALCCTLATIONS USED TO DE7.'ERMINE EFFEJCTIVE TAX RATE (Calr ulat~ n th a 40o Estimated Optional Residential Homestead ~ ~ I . Ass:,~r~Tlor~s : ~ 1. 19 g3 Total Tax Levy from the 19 83 Tax Rnll .................... $_ 3,954,942 , 2. 19 83 .__. Tax Rate ($. 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&O) 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,$~ ........................................................... $ -0- 6. 19 83 Taxes Levied for Maintenance and Operation (M&O) on Tax- able Value of Property Beccening Exempt in 19 84 ................. $ 216,425 - 7. 19 83 Taxes Levied for Maintenance and Operations (b1&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 8 ........................................................... $~ 20,000,000 , 10. 19 84 Taxable Value of Property Added Since January 1, 19 83, by Annexation of.Territory ..................................'.-.... $ -0- 11. 19 84 Tax Levy Needed to Satisfy Bonded Indebtedness or Debt Service (I&S) ................................................... $~ 940,000 I I . CAL,CUL,ATIONS MAINI~IANCE 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 Improvements Added (Assumption No. 9) ........................................ $ 20,000,000 (C) Subtract 19 84 Taxable Value of Property Prided by Annex- ation (assumption r1o. 10) ................................. $ -0- (D) Adjusted 19 84 Taxable Value for Calculation .............. $_ 588,669,340