HomeMy WebLinkAboutO-2002-2585
.
e
ORDINANCE NO. 02- ~1q, '5
AN ORDINANCE LEVYING TAXES UPON TAXABLE PROPERTY LOCATED WITHIN AND SUBJECT TO
TAXATION IN THE CITY OF LA PORTE, TEXAS; MAKING APPROPRIATIONS FOR SUPPORT,
MAINTENANCE, AND IMPROVEMENT OF THE CITY GOVERNMENT OF SAID CITY OF LA PORTE;
FINDING THAT ALL REQUIRED NOTICES HAVE BEEN PUBLISHED AND ALL REQUIRED HEARINGS
HELD; CONTAINING A REPEALING CLAUSE; CONTAINING A SEVERABILITY CLAUSE; FINDING
COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE
Section 1, That there is hereby levied for the fiscal year beginning October 1, 2002, and ending September
30, 2003, on all real property situated and all personal property owned within the taxable limits of the said
City of La Porte, on the first day of January, 2002, except so much as may be exempt under the constitution
and laws of the United States, this State, and the City of La Porte, the following taxes:
(1) An Ad Valorem Tax of and at the rate of fifty-seven and one-half cents ($.575) on the one
hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United
States for the current expenses for the support, maintenance, and improvement of the City
Government of said City of La Porte; and
(2) An Ad Valorem Tax of and at the rate of thirteen and one-half cents ($.135) on the one
hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United
States, to pay current interest on and provide one year's sinking fund and to pay all of the
Principal and Interest accruing on all outstanding general obligation bonds and certificates of
obligation lawfully issued by the City of La Porte.
That this provides the sum of total Ad Valorem tax at the rate of seventy-one cents ($.71) on the one
hundred dollars ($100.00) cash value thereof, estimated in lawful currency of the United States.
Section 2. All property upon which a rate of taxation is hereinabove levied shall be assessed on a ratio of
one hundred percent (100%) of the estimated market value thereof,
Section 3, That the sums hereinafter accruing and collected from the hereinabove taxes so levied be and
the same are hereby appropriated for the support, maintenance, and improvement of the City Government
of the City of La Porte.
Section 4. The City Council officially finds, determines, recites and declares that all notices required by law
have been published, and that a public hearing as required by law was duly called and held, and that all
matters prerequisite to the establishment and levy of an ad valorem tax have been accomplished, all as.
required by the laws of the State of Texas, and the Home Rule Charter of the City of La Porte.
Section 5. If any section, sentence, phrase, clause, or any part of any section, sentence, phrase, or clause,
of this Ordinance shall, for any reason, be held invalid, such invalidity shall not affect the remaining portions
of this Ordinance, and it is hereby declared to be the intention of this City Council to have passed each
section, sentence, phrase, or clause, or part thereof, irrespective of the fact t hat any 0 ther section,
sentence, phrase, or clause, or part thereof, may be declared invalid.
.
.
Section 7. The City Council officially finds, determines, recites and declares that a sufficient written notice of
the date, hour, place, and subject of this meeting of the City Council was posted at a place convenient to the
public at the City Hall of the City for the time required by law preceding this meeting, as required by the
Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the
public as required,
Section 8. This Ordinance shall be in effect from and after its passage and approval.
PASSED AND APPROVED this the 9th dayof September, 2002.
CIp'OF~S
~ -~OJl-flA.;:l--.
rman Malone, Mayor
ATTES~ )1;JJj}
~ Gillett, City Secretary
A~a!~
Knox Askins, City Attorney
(
,J
... ~~
e
e
.r
820 South 8th Street
La Porte, Texas 77571
281-471-1234
Fax: 281-471-5763
TheB
re Sun
'. 'Serving The Bayshore Area Since 1947'
:4,
City of La Porte
County of Harris
State of Texas
Before me, the undersigned authority, on this date
came and appeared Karolyn Kellogg, a duly authorized
representative of The Bayshore Sun, a semi-weekly
newspaper published and generally distributed in the
City of La Porte, Harris Coul}ty, Texas and who
after being duly sworn, swears the attached notice was
published in The Bayshore Sun dated () 8 - ;25 - 0 ^
t:!::::::ff~
arolyn Kellogg
....
Authorized Representative
,h'-r.14 ~
Sworn and subscribed before me this -4 day of .
~A-. ~~
Sandra E, Bumgarner
Notary Public
Harris County, Texas
, 2002.
~
2002 Property Tax Rates
)n Clty,of La Porte
This notice concerns 2002 propt-fY'~ rfres for City of La Porte. It presents
information aboutthJ'!le tax rates. Last year's tax rate is the actual rate the taxing unit
used to determine property taxes last year. This year's effective tax rate would impose
the same total taxes as last year if you compare properties taxed in bbth years. This
year's rollback tax rate is the highest tax rate the taxine unit can set before taxpayers
can start tax 'rollback procedures, In each case these rates are found by dividing the
total amount of taxes by the tax base (the total value of taxable property) with
adjustments as required by state law. The rates are given per 5100 of property value,
Last year's tax rate:
Last year's operating taxes
Last year's debt taxes
Last year's total taxes
Last year's tax base
Last year's total tax rate
This year's elTectlve tax rate:
Last year's adjusted taxes
(after subtractjn, taJCS on lost property)
'" .
1 This year's adjusted tax base
(after subtracting value ofncw_property) _
-;; ibis year's~ffecttve-tax;'rate.j .~' :-.--~
x 1.03=maxirnum rate unless unit publishes
notices anO holds hEllring
This year's rollback tax rate:
Last year's adjusted operating taxes (after
subtracting taxes on lost property and adjusting for
any transferred function, tax increment financing,
andlor enhanced indigent health care expenditures)
This year's adjusted tax base
= This year's effective operating rate
x 1,08 = this year's maximum operating rate
+ This year's debt rate
= 1l1is year's rollba~te
St ernent of IncreaselDecrease
f City of La Porte ad s 20 2 tax rate equal to the effective tax rate of SO. 717 per
;) 00 of value, taxes iI in e com~ared ~o taxes by 5210,420.
., edul
enclim red Fund alances .
lie following estimated balances will in the unit's property tax accounts at the
nd of the fiscal year. These balances are not encumbered by a corresponding debt
ibligation.
Type of Property Tax Fund
Schedule a
2002 Debt Service
he unit plans to pay the following amounts for long-term debts that are secured by
1>perty taxes. These amounts will be paid from property tax revenues (or additional
lies tax revenues, ifapplicable).
Principal or '
Contract Payment
to be Paid from
Property Taxes
575,000
General Fund
Debt Service Fund
Description
of Debt
...-- ---_.
General
Operating
Bonds 1990
General
Operating
Refunding
Bonds 1994
Interest to be
Paid from
Property
Taxes
52,625
51,090,000
5125.305
General 5125,000 599,844
::>perating
Bonds 1998
Jeneral 5150,~ . 5165,344
)perating
~onds 2000
:ertificate of 5150.000 5151,050
)bligations
londs 2000
58,669,138 .
52,035,363
510,704,501
51,507,676,197-
0.7101$100
_651,252
51,484,350,506
0.711 1$100
0.738/5100
125,837
i--;.-
51,484,350,506
0.581/5100
0.627/5100
0.1351$100
0.762/5100
aalance
$6,494,950
$1,530,281
Other
Amounts
to be Paid
Total
Payment
$77,625
50
SO
51,215,305
SO 5224,844
50 5315,344
SO 5301,050
50 5279,878
S2.4 I 4,045
SO
5350,050
$0
$2,063.995
leneral SO 5279,878
)perating
lands 2002
~otal required for 2002 debt service .
~mount (if any) paid from funds listed in Schedule A
~mount (ifany) paid from other resources
:xcess collections last year
'otalto be paid from taxes in 2002
,mount added in anticipation that the unit will
:ollcct only 100,00% of its taxes in 2002 50
'otal debt levy 52,063,995
I notice contains a summary of actual effective and rollback tax rates' calculations.
can inspect a copy of the full calculations at 604 W Fainnont Parkway, La Porte,
IS 77571. .
Name of person preparing this notice: Katherine R. Powell
Title: Tax Manager
Date prepared: August 13,2002
.
~e-
e
.
2002 Property Tax Rates
In City of La Porte
This notice concerns 2002 property tax rates for City of La Porte. It presenls
infonnation about three tax rates. Last year's tax rate is the actual rate the taxing unit
used to detennine property taxes last year. This year's effective tax rate would impose
the same total taxes as last year if you compare properties taxed in both years. This
year's rollback tax rate is Ihe highest tax rate the taxing unil can sel before taxpayers
can start tax rollback procedures. In each case these rates are found by dividing the
lotal amount of taxes by the tax base (the total value of taxable property) with
adjustments as required by state law. The rates are given per $100 of property value.
Last year's tax rate:
Last year's operating taxes
Last year's debt taxes
Last year's total taxes
Last year's lax base
Last year's total tax rate
This year's effective tax rate:
Last year's adjusted taxes
(after subtracting taxes on lost property)
This year's adjusted tax base
(after subtracting value of new property)
= This year's effective tax rate
x 1.03=maximum rate unless unit publishes
notices and holds hearing
This year's rollback tax rate:
Last year's adjusted operaling taxes (after
subtracting taxes on lost property and adjusting for
any transferred function, tax increment financing,
and/or enhanced indigent health care expendilUres)
This year's adjusted tax base
= This year's effective operating rale
x 1.08 = this year's maximum operating rate
+ This year's debt rate
= This year's rollback rate
$8,669,138
$2,035,363
$10,704,501
$1,507,676,197
0.710/$100
$10,651,252
$1,484,350,506
0.717/$100
0.738/$100
$8,625,837
$1,484,350,506
0.581/$100
0.627/$100
0.135/$100
0.762/$100
e
e
Statement of Increase/Decrease
.
If City of La Porte adopts a 2002 lax rate equal to the effective tax rate ofSO.717 per
$100 of value, taxes would increase compared to 2001 taxes by $210,420.
Schedule A
Unencumbered Fund Balances
The following estimated balances will be left in the unit's property tax accounts at the
end of the fiscal year, These balances are not encumbered by a corresponding debt
obligation.
Type of Property Tax Fund
General Fund
Debt Service Fund
Balance
$6,494,950
$1,530,281
Schedule B
2002 Debt Service
The unit plans to pay the following amounts for long-tenn debts that are secured by
property taxes. These amounts will be' paid from property tax revenues (or additional
sales tax revenues, if applicable).
Principal or Interest to be
Contract Payment Paid from Other
to be Paid from Property Amounts Total
Property Taxes Taxes to be Paid Payment
$75,000 $2,625 $0 $77,625
$1,090,000 $125,305 SO SI,215,305
SI25,OOO
S99,844
SO S224,844
SO S315,344
SO S301,050
SO S279,878
S2,414,045
SO
$350,050
SO
S2,063,995
SO
S2,063 ,995
This notice contains a summary of actual effective and rollback lax rates' calculations.
You can inspect a copy of the full calculations at 604 W Fainnont Parkway, La Porte,
Texas 77571.
Description
of Debt
General
Operating
Bonds 1990
General
Operating
Refunding
Bonds 1994
General
Operating
Bonds 1998
General
Opera ling
Bonds 2000
Certificate of
Obligations
Bonds 2000
General SO S279,878
Operating
Bonds 2002
Total required for 2002 debt service
- Amount (if any) paid from funds listed in Schedule A
- Amount (ifany) paid from olher resources
- Excess colleclions last year
= Total to be paid from taxes in 2002
+ Amount added in anticipation that Ihe unit will
colIect only 100.00% of its taxes in 2002
= Total debt levy
S 150,000
SI65,344
Name of person preparing this notice: Katherine R, Powell
Title: Tax Manager
Date prepared: August 13,2002
$150,000
S151,050
- ..
20021fective Tax Rate Works1leet
Entity Name: City of La Porte
File Name: CLP
Date: 9/10/2002
(Note: School districts are not required to publish an effective tax rate. School districts may complete this part, at
their option, or may skip to the Rollback Tax Rate Worksheet.)
1.
2001 total taxable value. Enter the amount of2001 taxable value on the 2001 tax roll
today. Include any adjustments since last year's certification; exclude the Section
25.25(d) one-third over-appraisal corrections from these adjustments. This value includes
the taxable value of over-65 homesteads (will deduct in line 2 below) and the captured
value for tax increment fmancing (will deduct taxes in line 14 below). $1,502,103,490
SCHOOL DISTRICTS. Enter 2001 taxable value of over-65 homesteads with tax
ceilings. OtPer units enter "0". $0
Preliminary 2001 adjusted taxable value. Subtract line 2 from line 1. $1,502,103,490
2001 total tax rate (per $100). 0.710
2001 taxable value lost because court appeals of ARB decisions reduced
2001 appraised value.
A. Original 2001 ARB values: $1,563,330
B. 2001 values resulting from fmal court decisions: - $1,461,360
C. 2001 value loss. Subtract B from A: $101,970
2001 taxable value, adjusted for court-ordered reductions. Add line 3 and line 5C. $1,502,205,460
2001 taxable value of property in territory the unit deannexed after January 1,
2001. Enter the 2001 value of property in deannexed territory. $0
2001 taxable value lost because property first qualified for an exemption in 2002.
Note that lowering the amount or percentage of an existing exemption does not create a
new exemption or reduce taxable value. If the taxing unit increased an original exemption,
use the difference between the original exempted amount and the increased exempted
amount. Do not include value lost due to freeport exemptions or tax abatements.
I A. Absolute exemptions. Use 2001 market value: $504,289
I B. Partial exemptions. 2002 exemption amount, or + $6,552,668
I 2002 percentage exemption times 2001 value:
C. Value loss. Total of A and B: $7,056,957
2001 taxable value lost because property first qualified for agricultural
appraisal (l-d or I-d-l), timber appraisal, recreational/scenic appraisal or
public access airport special appraisal in 2002. Use only those properties that
first qualified in 2002; do not use properties that qualified in 2001.
A. 2001 market value: $589,240
B. 2002 productivity or special appraised value: - $146,230
C. Value loss. Subtract B from A: $443,010
, Total adjustments for lost value. Add lines 7, 8C and 9C. $7,499,967
I
I 2001 adjusted taxable value. Subtract line 10 from line 6. $1,494,705,493
I Adjusted 2001 taxes. Multiply line 4 times line 11 and divide by 100. $10,612,409
2.
3.
4.
S.
6.
7.
8.
9.
10.
11.
12.
Truth - in -Taxation - July 2002
Page: 1
.e _
20021fective Tax Rate Works1ieet
Entity Name: City of La Porte
File Name: CLP
13. Taxes refunded for years preceding tax year 2001: Enter the amount of taxes
refunded during the last budget year for tax years preceding tax year 2001. Types of
refunds include court decisions, Section 25 .25(b) and (c) corrections, and Section 31.11
payment errors. Do not include refunds for tax year 2001. This provision applies only to
tax years preceding tax year 2001.
14. Taxes in tax increment financing (TIF) for tax year 2001: Enter the amount
of taxes paid into the tax increment fund for a reinvestment zone as agreed by the taxing
unit. This provision does not apply to school districts or taxing units in counties with
500,000 or more population..
15. Adjusted 2001 taxes with refunds. Add lines 12 and 13, subtract line 14.
16. Total 2002 taxable value on the 2002 certified appraisal roll today. This value
includes only certified values and includes the taxable value of over-65 homesteads with
school tax ceilings.
A. Certified values only:
B. Counties: Include railroad rolling stock
values certified by the State Comptroller:
C. Pollution control exemption: Deduct
the value of property exempted for the current tax
year for the first time as pollution control property
(use this step based on attorney's advice):
D. Tax increment financing: Deduct the 2002
captured appraised value of property taxable by a
taxing unit (other than a school district) in a tax
increment financing zone for which the 2002
taxes will be deposited into the tax increment
fund. This provision does not apply to school
districts or taxing units in counties with 500,000
or more in population. Other units, enter "0."
E. Add A and B, subtract C and D:
$1,432,858,080
+
$0
$0
$0
Date: 9/10/2002
$38,843
$0
$10,651,252
$1,432,858,080
Truth - in -Taxation - July 2002
Page: 2
e _
20021fective Tax Rate Workslieet
Entity Name: City of La Porte
File Name: CLP
17. Total value of properties under protest or not included on certified appraisal roll.
A. 2002 taxable value of properties under protest.
The chief appraiser certifies a list of properties
still under ARB protest. The list
shows the district's value and the taxpayer's
claimed value, if any, or an estimate of the value
if the taxpayer wins. For each of the properties
under protest, use the lowest of these values.
Enter the total here. $29,182,566
B. 2002 value of properties not under protest or
included on certified appraisal roll.
The chief appraiser gives taxing units a list of
those taxable properties that the chief apprasier
knows about but are not included at appraisal roll
certification. These properties also are not on the
list of properties that are still under protest. On
this list of properties, the chief appraiser includes
the market value, appraised value, and exemptions
for the preceding year and a reasonable estimate
of the market value, appraised value, and
exemptions for the current year. Use the lower
market, appraised, or taxable value (as
appropriate). Enter the total here. +
$60,263,490
C. Add A and B:
18. SCHOOL DISTRICTS. Enter 2002 taxable value of over-65 homesteads with
tax ceilings. Other units enter "0".
19. 2002 total taxable value. Add lines 16E and 17C. Subtract line 18.
20. I Total 2002 taxable value of properties in territory annexed after January 1,
l2001. Include both real and personal property. Enter the 2002 value of property in
territory annexed, including any territory annexed by the school district.
21. Total 2002 taxable value of new improvements and new personal property
located in new improvements. "New" means the item was not on the appraisal roll
in 2001. An improvement is a building, structure, fixture or fence erected on or affIXed to
land. A transportable structure erected on its owner's land is also included unless it is held
for sale or is there only temporarily, New additions to existing improvements may be
included if the appraised value can be determined. New personal property in a new
improvement must (1) have been brought into the unit after January 1,2001, and (2) be
located in a new improvement. New improvements does include property on which a tax
.abatement agreement has expired for 2002. New improvements do not include mineral
interests produced for the frrst time, omitted property that is back assessed, and increased
appraisals on existing property.
Date: 9/10/2002
$89,446,056
$0
$1,522,304,136
$4,150
$37,949,480
Truth - in -Taxation - July 2002
Page: 3
e
2002ltfective Tax Rate Workst!t
Entity Name: City of La Porte
File Name: CLP
Date: 9/10/2002
22.
23.
24.
25.
Total adjustments to the 2002 taxable value. Add lines 20 and 21. $37,953,630
2002 adjusted taxable value. Subtract line 22 from line 19. $1,484,350,506
2002 effective tax rate. Divide line 15 by line 23 and multiply by 100 (per $100). 0.717
COUNTIES ONLY. Add together the effective tax rates for each type of tax the county
levies. The total is the 2002 county effective tax rate (per $100),
A county, city, or hospital district that adopted the additional sales tax in August or November 2001, or in
January or May 2002, must adjust its effective tax rate. The Additional Sales Tax Rate Worksheet,
immediately following the rollback worksheet, sets out this adjustment. Do not forget to complete the
Additional Sales Tax Rate Worksheet if the taxing unit adopted the additional sales tax on these dates.
Truth - in -Taxation - July 2002
Page: 4
..
.
2002 Rollback Tax Rate Worksheet
Entity Name: City of La Porte
File Name: CLP
Date: 9/10/2002
26.
27.
28.
2001 maintenance and operations tax rate (per $100). 0.575
2001 adjusted taxable value. Enter the amount from line 11. $1.494 705 493
2001 maintenance and operations taxes.
A. Multiply line 26 by line 27 and divide by 100: $8,594,556
B. Cities; counties and hospital districts with additional sales tax:
Amount of additional sales tax collected and spent on
maintenance and operations in 2001. Enter amount from full
year's sales tax revenue spent for M&O in 2001 fiscal year, if
any. Other units, enter "0". Counties exclude any amount that
was spent for economic development grants from the amount
of sales tax spent: + $0
C. Counties: Enter the amount for the state criminal justice
mandate. If second or later year, the amount is for increased I
cost above last year's amount. Other units, enter "0": + $0 I
D. Transferring function: If discontinuing all of a i
department, function, or activity and transferring it to another
unit by written contract, enter the amount spent by the unit
discontinuing the function in the 12 months preceding the
month of this calculation. If the unit did not operate this
function for this 12-month period, use the amount spent in
the last full fiscal year in which the unit operated the
function. The unit discontinuing the function will subtract
this amount in H below. The unit receiving the function will
add this amount in H below. Other units, enter "0":
+/- $0
E. Taxes refunded for years preceding tax year 2001:
Enter the amount ofM&O taxes refunded during the last
budget year for tax years preceding tax year 2001. Types of
refunds include court decisions, Section 25.25(b) and (c)
corrections, and Section 31.11 payment errors. Do not
include refunds for tax year 2001. This provision applies
only to tax years preceding tax year 2001: + $31,281
F. Enhanced indigent health care expenditures:
Enter the increased amount for the current year's enhanced
indigent health care expenditures above the preceding tax
year's enhanced indigent health care expenditures, less any
state assistance. + $0
Truth - in -'(axation - July 2002
Page: 1
..
.
2002 Rollback Tax Rate Worksheet
Entity Name: City of La Porte
File Name: CLP
Date: 9/1 0/2002
29.
G. Taxes in tax increment financing (TIF):
Enter the amount of taxes paid into the tax increment fund
for a reinvesbnent zone as agreed by the taxing unit. This
provision does not apply to school districts or taxing units in
counties with 500,000 or more in population. Other units,
enter "0", - $0
H. Adjusted M&O Taxes. Add A, B, C, E and F. For
unit with D, subtract if discontinuing function and
add if receiving function. Subtract G. $8,625,837
SCHOOL DISTRICTS ONLY:
Complete the Texas Education Agency's worksheet entitled Worksheet to Assist
Districts in Calculating Rollback Rate. Enter amount on line 41 of the TEA
worksheet for the 2002-2003 M&O component here. $0
2002 adjusted taxable value.
A. Enter line 23 from the effective tax rate worksheet. School
districts, enter line 19; if a school district did not complete
the Effective Tax Rate Worksheet, the school district does
the following steps (1) to (5) below. $1,484,350,506
(1) Total 2002 taxable value on the 2002 certified
appraisal roll today. This value includes only certified
values and includes the taxable value of over-65
homesteads with school tax ceilings. Include also the
taxable value in reinvesbnent zone, but remember that
the unit will deposit a portion of the taxes to a special tax
increment fund. $0
(2) Total 2002 taxable value of properties under protest.
The chief appraiser certifies a list of properties still
under ARB protest. The list shows the district's value and
the taxpayer's claimed value, if any, or an estimate of the
value if the taxpayer wins. For each of the properties
under protest, use the lowest of these values. Enter the
total here. $0
(3) Total 2002 value of properties not under protest or
included on certified appraisal roll.
The chief appraiser gives taxing units a list of those
I taxable properties that the chief appraiser knows about
but are not included at the time of appraisal roll
certification. These properties also are not on the list of
properties that are still under protest. On this list, the
chief appraiser includes the market value , appraised
value, and exemptions for the preceding year and a
reasonable estimate of the market value, appraised value,
and exemptions for the current year. Use the lower
market, ap'praised, or taxable value (as appropriate).
Enter the total here. $0
30.
Truth - in -Taxation - July 2002
Page: 2
e
e
2002 Rollback Tax Rate Worksheet
Entity Name: City of La Porte
File Name: CLP
Date: 9110/2002
31.
(4) 2002 taxable value of over-65 homesteads with tax
ceilings. $0
(5) 2002 taxable value. Add lines (I), (2) and (3) and
subtract (4) and enter above at A.
B. School districts Subtract the 2002 captured
appraised value of real property taxable by the school
district in a tax increment fmancing zone for which the I
2002 taxes will be deposited into the tax increment
fund; other units, enter "0." - $0
C. Subtract B from A: $1,484,350,506
2002 calculated maintenance and operations rate. Divide line 28H by line 30C and
multiply by 100. School districts: Divide line 29 by line 30C and multiply by 100 0.581
(per $100).
2002 rollback maintenance and operation rate. County, cities and others:
Multiply line 31 by 1.08. School districts: Add $0.06 to line 31 (per $100). 0.627
Total 2002 debt to be paid with property taxes and additional sales tax revenue.
"Debt" means the interest and principal that will be paid on debts that (I) are paid by I
property taxes, (2) are secured by property taxes, (3) are scheduled for payment over a I
period longer than one year, and (4) are not classified in the unit's budget as maintenance
and operations expenses. Debt also includes contractual payments to other taxing units that
have incurred debts on behalf of this taxing unit, if those debts meet the four conditions
above. Include only amounts that will be paid from property tax revenue (or additional sales ,
tax revenue). Do not include appraisal district budget payments. List the debt in "Schedule I
B: Debt Service." Ifusing unencumbered funds, subtract unencumbered fund amount used
from total debt and list remainder here. School districts do not have a Schedule B
requirement. School districts subtract state aid received for paying principal and interest on
debt for facilities through the existing debt allotment (EDA) program and/or instructional
facilities allotment (IFA) program. $2,063,995
Certified 2001 excess debt collections. Enter the amount certified by the collector. $0
Adjusted 2002 debt. Subtract line 34 from line 33, $2,063,995
Certified 2002 anticipated collection rate. Enter the rate certified by the
collector. Ifthe rate is 100 percent or greater, enter 100 percent. 100.00%
2002 debt adjusted for collections. Divide line 35 by line 36. $2,063,995
32.
33.
34.
35.
36.
37.
Truth - in -Taxation - July 2002
Page: 3
e
e
2002 Rollback Tax Rate Worksheet
Entity Name: City of La Porte
File Name: CLP
Date: 9/10/2002
38.
2002 total taxable value. Enter the amount on line 19. School districts
enter line 30C. $1,522,304,136
2002 debt tax rate. Divide line 37 by line 38 and multiply by 100 (per $100). 0.135
2002 rollback tax rate. Add lines 32 and 39 (per $100). 0.762
COUNTIES ONLY. Add together the rollback tax rates for each type of tax
the county levies. The total is the 2002 county rollback tax rate (per $100).
39.
40.
41.
ANY taxing unit that has adopted the additional sales tax must complete the Additional Sales Tax Rate
Worksheet. Any taxing unit seeking additional rollback protection for pollution control expenses should
complete the Additional Rollback Protection for Pollution Control Worksheet.
Truth - in -Taxation - July 2002
Page: 4
e
e
City of La Porte
GOVERNING BODY SUMMARY #lA
Benchmark 2002 Tax Rates
September 10, 02
TAX RATE TAX ADDITIONAL
DESCRIPTION OF TAX RATE PER $100 LEVY * TAX LEVY
EFFECTIVE TAX RATE 0,717 $10,914,921 $0
ONE PERCENT TAX INCREASE ** 0,724 $11 ,021 ,482 $106,561
ONE CENT PER $100 TAX INCREASE ** 0.727 $11,067,151 $152,230
NOTICE & HEARING LIMIT *** 0.738 $11,234,605 $319,684
ROLLBACK TAX RATE 0.762 $11,599,958 $685,037
LAST YEAR'S TAX RATE 0.710 $10,808,359 ($106,562)
PROPOSED TAX RATE 0,710 $10,808,359 ($106,562)
* Tax levies are calculated using line 19 of the Effective Tax Rate Worksheet
** Tax increase compared to effective tax rate.
***
The Notice & Hearing Limit is the highest tax rate that may be adopted without notices and a public
hearing. It is the lower of the rollback tax rate or 103 percent ofthe effective tax rate,
e
e
City of La Porte
GOVERNING BODY SUMMARY #IB
Comparison of This Year's Tax Levy with Last Year's Tax Levy
September 10,02
Last Year's Tax Levy *: $10,704,501
TAX RATE THIS YEAR'S TAX LEVY
PER $100 TAXLEVY** INCREASE ***
0.710 $10,808,359 $103,858
0.717 $10,914,921 $210,420
0.738 $11,234,605 $530,104
0,762 $11,599,958 $895,457
0.710 $10,808,359 $103,858
DESCRIPTION OF TAX RATE
LAST YEAR'S TAX RATE
EFFECTWE TAX RATE
NOTICE & HEARING LIMIT ****
ROLLBACK TAX RATE
PROPOSED TAX RATE
* This figure is calculated based on Texas Property Tax Code's definition of "last year's levy".
** This year's tax levies are calculated using line 19 of the Effective Tax Rate Workshee
*** Tax levy increase is the difference between this year's tax levy and last years tax levy.
**** The Notice & Hearing Limit is the highest tax rate that may be adopted without notices and a public
hearing. It is the lower of the rollback tax rate or 103 percent of the effective tax rate.
City of La Porte
GOVERNING BODY SUMMARY #2A
e
e
2002 Total Tax Levy According To Tax Rate Increase In Cents Per $100
Tax Increase Compared to Effective Tax Rate
September 10,02
TAX RATE TAX ADDITIONAL
INCREASE IN CENTS PER $100* PER $100 LEVY TAX LEVY
0.00 0.717 $10.914.921 $0
0.50 0.722 $10.991.036 $76.115
1.00 0.727 $11.067.151 $152.230
1.50 0.732 .$11.143.266 $228.345
2.00 0.737 $11.219.381 $304.460
2.50 0.742 $11.295.497 $380.576
3.00 0,747 $11.371.612 $456,691
3,50 0.752 $11.447.727 $532.806
4.00 0.757 $11.523.842 $608.921
4.50 0,762 $11.599.958 $685.037
5.00 0.767 $11.676.073 $761.152
5.50 0.772 $11.752.188 $837.267
6.00 0.777 $11.828.303 $913.382
6,50 0.782 $11.904.418 $989.497
7.00 0.787 $11.980.534 $1.065,613
7,50 0.792 $12.056.649 $1.141.728
8.00 0.797 $12.132.764 $1.217,843
8.50 0.802 $12.208.879 $1.293.958
9.00 0.807 $12.284.994 $1.370.073
9.50 0.812 $12.361.110 $1.446.189
10.00 0.817 $12.437.225 $1.522.304
10.50 0.822 $12.513.340 $1.598.419
11.00 0.827 $12.589.455 $1.674.534
11.50 0.832 $12.665.570 $1.750.649
12.00 0.837 $12.741.686 $ 1.826,765
12,50 0.842 $12.8] 7.801 $1.902.880
13.00 0.847 $12.893.916 $1.978.995
13.50 0.852 $12.970.031 $2.055.110
14.00 0.857 $13.046.146 $2.131.225
14.50 0.862 $13.122.262 $2.207.341
15.00 0.867 $13.198,377 $2.283.456
15.50 0.872 $13.274.492 $2.359.571
16.00 0.877 $13.350.607 $2.435.686
16.50 0.882 $13.426.722 $2.511.801
17.00 0.887 $13.502,838 $2.587.9] 7
17,50 0.892 $13.578.953 $2.664.032
18.00 0.897 $13.655.068 $2.740.147
18.50 0,902 $13.731.183 $2.816.262
19,00 0.907 $13.807.299 $2.892.378
19.50 0.912 $13.883.414 $2.968.493
20.00 0.9]7 $13.959.529 $3.044.608
* Tax levies are calculated using line 19 of the Effective Tax Rate Worksheet.
City of La Porte
GOVERNING BODY SUMMARY #2B *
.
e
2002 Total Tax Levy According To Tax Rate Increase In Cents Per $100
Tax Increase Compared to Last Year's Tax Rate
September 10, 02 Last Year's Tax Levy: $10,704,501
TAX RATE THIS YEAR'S TAX LEVY
INCREASE IN CENTS PER $100 * PER $100 TAX LEVY INCREASE
0.00 0.710 $10.808.359 $103.858
0.50 0.715 $10.884.475 $179.974
1.00 0,720 $10.960.590 $256.089
1.50 0.725 $11.036."705 $332.204
2.00 0.730 $11.112.820 $408.319
2.50 0,735 $11.188.935 $484.434
3.00 0.740 $11.265.051 $560.550
3.50 0.745 $11.341.166 $636.665
4.00 0.750 $11.417.281 $712.780
4.50 0.755 $11.493.396 $788.895
5.00 0.760 $11.569.511 $865.010
5.50 0.765 $11.645.627 $941.126
6.00 0.770 $11.721.742 $1.017.241
6,50 0,775 $11.797.857 $1.093.356
7.00 0.780 $11.873.972 $1.169.471
7.50 0.785 $11.950.087 $1.245.586
8,00 0.790 $12.026.203 $1.321. 702
8,50 0.795 $12.1 02.318 $1.397.817
9.00 0.800 $12.178.433 $1.473.932
9.50 0.805 $12.254.548 $1.550.047
10.00 0,810 $12.330.664 $1.626.163
10.50 0.815 $12.406.779 $1.702.278
11.00 0.820 $12.482.894 $1.778.393
11.50 0,825 $12.5 59.009 $1.854.508
12.00 0.830 $12.635.124 $1.930.623
12.50 0.835 $12.711.240 $2.006.739
13.00 0.840 $12.787.355 $2.082.854
13.50 0.845 $12.863.4 70 $2.158.969
14.00 0.850 $12.939.585 $2.235.084
14.50 0.855 $13.015.700 $2.311.199
15.00 0.860 $13.091.816 $2.387.315
15.50 0.865 $13.167.931 $2.463.430
16.00 0.870 $13.244.046 $2.539.545
16.50 0.875 $13.320.161 $2.615.660
17.00 0.880 $13.396.276 $2.691.775
17.50 0.885 $13.472.392 $2.767.891
18.00 0,890 $13.548.507 $2.844.006
18.50 0.895 $13.624.622 $2.920.121
19,00 0.900 $13.700.737 $2.996.236
19.50 0.905 $13.776.852 $3.072.351
20.00 0,910 $13.852.968 $3.148.467
* See Governing Body #IB for.definition oflast year's tax levy, this year's tax levy, and,tax levy increase.
e
e
REQUEST FOR CITY COUNCIL AGENDA ITEM
Aoorooriation
Requested By: C nthia B. Alexander
Source of Funds: N/A
Department: Finance
Account Number: N/A
Report:
Resolution: XX Ordinance:
Amount Budgeted: N/A
Exhibits:
Amount Requested: N/A
Exhibits:
Budgeted Item: YES NO
Exhibits:
SUMMARY & RECOMMENDATION
The Fiscal Year 2002-03 Budget was built around a tax rate of 71 cents per hundred dollar valuation.
A breakdown of the tax rate is as follows:
General Fund = 57Y2 cents per hundred dollar valuation
Debt Service = 13 Y2 cents per hundred dollar valuation
The tax rate of 71 cents is the same rate that has been adopted for the last ten years,
Action Required bv Council:
Approve Ordinance establishing the tax rate for Fiscal Year 2002-03 at 71 cents per hundred dollar
valuation.
#~
, Acting City Manager
Date