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<br />e <br /> <br />2002 Property Tax Rates <br /> <br />in City of La Porte <br /> <br />This notice concerns 2002 property tax rates for City of La Porte. It presents <br />information about three tax rates. Last year's tax rate is the actual rate the taxing unit <br />used to determine property taxes last year. This year's effective tax rate would impose <br />the same total taxes as last year if you compare properties taxed in both years. This <br />year's rollback tax rate is the highest tax rate the taxing unit can set before taxpayers <br />can start tax rollback procedures. In each case these rates are found by dividing the <br />total amount of taxes by the tax base (the total value of taxable property) with <br />adjustments as required by state law. The rates are given per $100 of property value. <br /> <br />Last year's tax rate: <br /> <br />Last year's operating taxes <br /> <br />Last year's debt taxes <br /> <br />Last year's total taxes <br /> <br />Last year's tax base <br /> <br />Last year's total tax rate <br /> <br />This year's effective tax rate: <br /> <br />Last year's adjusted taxes <br />(after subtracting taxes on lost property) <br /> <br />/ This year's adjusted tax base <br />(after subtracting value of new property)" <br /> <br />= This year's effective tax rate <br /> <br />x I.03=maximum rate unless unit publishes <br />notices and holds hearing <br /> <br />This year's rollback tax rate: <br /> <br />Last year's adjusted operating taxes (after <br />subtracting taxes on lost property and adjusting for <br />any transferred function, tax increment financing, <br />and/or enhanced indigent health care expenditures) <br /> <br />This year's adjusted tax base <br /> <br />= This year's effective operating rate <br /> <br />x 1.08 = this year's maximum operating rate <br /> <br />+ This year's debt rate <br /> <br />= This year's rollback rate <br /> <br />e <br /> <br />$8,669,138 <br />$2,035,363 <br />$10,704,501 <br />$1,507,676,197 <br />0.710/$100 <br /> <br />$10,651,252 <br /> <br />$1,484,350,506 <br /> <br />0.717/$100 <br />0.738/$100 <br /> <br />$8,625,837 <br /> <br />$1 ,484,350,506 <br />0.581/$100 <br />0.627/$100 <br />0.135/$100 <br />0.762/$100 <br />