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HomeMy WebLinkAboutO-2000-2432 e e ORDINANCE NO. oo-i ~3:L 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, 2000, and ending September 30,2001, 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, 2000, 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 that any other section, sentence, phrase, or clause, or part thereof, may be declared invalid. e e Section 6. All ordinances or parts of ordinances in conflict herewith are hereby repealed to the extent of such conflict only. 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. ATTE~A~~ City Seer ry MA2.~A b.ILl.ETI PASSED AND APPROVED this the 11th day of September, 2000. CIr;fF LA PORTE, TEXAS /(~/IJ~ -/ Norma~ ,Malone, Mayor A~: ( City Attorney 115-May-oo 120-JUIY-OO 125-JUIY-OO I 17-Aug-OO II7-AUg-OO IIo-sep-oo I I t I I I I e e 2000 Planning Calendar City of La Porte I Mailing of notices of appraised value by chief appraiser. ~ r I I ~ I I I Deadline for submitting appraisal records to ARB. Deadline for ARB to approve appraisal records. Deadline for chief appraiser to certify rolls to taxing units. Certification of anticipated collection rate by collector. Calculation of effective and rollback tax rates. Publication of effective and rollback tax rates; statement and schedules; submission to governing body. 72-hours notice for meeting (Open Meetings Notice). Meeting of governing body to discuss tax rate; if proposed tax rate will exceed the rollback rate or 103 percent of the effective tax rate (whichever is lower), take record vote and schedule public hearing. ~ "Notice of Public Hearing on Tax Increase" (1st quarter-page notice) published at least ~ seven days before public hearing. ~ I I II 72-hour notice for public hearing (Open Meetings Notice). Public hearing; schedule and announce meeting to adopt tax rate 3-]4 days from this date. "Notice of Vote on Tax Rate" (2nd quarter-page notice) published before meeting to adopt tax rate. 72-hour notice for meeting at which governing body will adopt tax rate. Ill-sep-oo I Meeting to adopt tax rate. Meeting is 3 to 14 days after public hearing. Taxing unit must - _ J_!JQQPUax..[ate..by_Seotember30_oJ: within 60 days of receiving certified appraisal roll. 1Y\b ~~ ~ ~V\...-+O 4 Il. ~ud- 0A.\J \,;~ t1 (LVV'-' te-u ~ CI)~4') ~ ~ 40 CO'p--l ~. ~ rflclC ct t)t .p~' ~~ - -ro 6t 0 U/! '1_~/r rnJ W yo --f1y- ~r(~V) ~ q ~~~ This notice concerns 2000 property tax rates for City of La Porte. It presents information about three tax rates. Last year's ta." 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 both years. This year's rollback tax rate is the highest ta." rate the taxing unit can set before taxpaycrs 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 $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 tax base Last year's total tax rate This year's effectin 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 This year's rollback tax rate: Last year's adjusted operating ta."es (after subtracting taxes on lost property and adjusting for transferred function) / 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 = This year's rollback rate ---- 2000 Property Tax Rates in City of La Porte e $7,391,212 $1,815,386 $9,206,598 $1,296,703,944 0.710/$100 $9,159,112 $1,320,339,780 0.693/$100 $7,362,199 $1,320,339,780 0.558/$100 0.602/$100 0.135 /$100 0.737/$100 e Statement of I ncreaselDecreasc e If City of La Porte adopts a 2000 tax rate equal to the effective tax rate of $0.693 per $100 ofvalue, taxes would increase compared to 1999 taxes by $301,709. Schedule A Unencumbered Fund Balances The following estimated balanccs will be left in the unit's property tax accounts at the end of the liscal year. These balances are not encumbered by a corresponding debt obligation. Type ofProprrty Tax Fund Balance General Operating Fund Debt Service Fund $5,428,233 $1,119,041 Schedule B 2000 Debt Service The unit plans to pay the following amounts for long-term 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 Description to be Paid from Property Amounts Total of Debt Proper!)' Taxes Taxes to be Paid Payment General $225,000 $21,937 $0 $246,937 Operating Bonds 1989 General $75,000 $13,125 $0 $88,125 Operating Bonds 1990 General $1,050,000 $221,007 $0 $1,271,007 Operating Refunding Bonds 1994 General $125,000 $115,469 $0 $240,469 Operating Bonds 1998 General $150,000 $186,344 $0 $336,344 Operating Bonds 2000 C 0 Bonds $150,000 $172,050 $0 $322,050 2000 Total required for 2000 debt service $2,504,932 - Amount (if any) paid from funds listed in Schedule A $0 - Amount (ifany) paid from other resources $650,000 - Excess collections last year $0 = Total to be paid from taxes in 2000 $1,854,932 + Amount added in anticipation that the unit will collect only 100.00% of its taxes in 2000 $0 = Total debt levy $1,854,932 This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations at City of La Porte 604 W. Fairmont Parkway, La Porte, Texas. Name of person preparing this notice: Katherine R. Powell Title: Tax Manager Date prepared: August 14,2000 e e 2000 Effective Tax Rate Worksheet Entity Name: City of La Porte File Name: CLP Date: 9/6/2000 (Note: School districts are not required to calculate and publish an effective tax rate. School districts may complete this part, at their option, or may skip to the Rollback Tax Rate Worksheet.) ,--- ---- ---- 1. /1999 total taxable value. Enter the amount of 1999 taxable value on the 1999 tax roll I 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. 2. I SCHOOL DISTRICTS. Enter 1999 taxable value of over-65 homesteads with tax , ceilings. Other units enter "0". l--- -.- 3. Preliminary 1999 adjusted taxable value. Subtract line 2 from line I. -I I $1,292,719,520 , i-- - ---- I I $0 I f- $i.292'719'~ 0.710 : - - - I ! I I _$4,_~~ $1,292,724,150 I $0 4. 1999 total tax rate (per $100). - --- ---- 5. I 1999 taxable value lost because court appeals of ARB decisions reduced 1999 appraised value. A. Original 1999 ARB values: B. 1999 values resulting from final court decisions: C. 1999 value loss. Subtract B from A: $134,200 $129,570 6. 1999 taxable value, adjusted for court-ordered reductions. Add line 3 and line 5C. 7. . 1999 taxable value of property in territory the unit deannexed after January 1 ! 1999. Enter the 1999 value of property in deannexed territory. I 8. i 1999 taxable value lost because property first qualified for an exemption in 2000. i 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 I: amount. Do not include value lost due to freeport exemptions or tax abatements. A. Absolute exemptions. Use 1999 market value: $222,360 : B. Partial exemptions. 2000 exemption amount, or + $6,465,856 2000 percentage exemption times 1999 value: C. Value loss. Total of A and B: 9. ! 1999 taxable value lost because property first qualified for agricultural appraisal (I- i d or 1-d-1), timber or restricted timber appnlisal, recreational/scenic appraisal or I I public access airport special appraisal in 2000. Use only those properties that i first qualified in 2000; do not use properties that qualified in 1999. A. 1999 market value: B. 2000 productivity or special appraised value: C. Value loss. Subtract B from A: $6,688,216 $0 $0 I I 10.1 Total adjustments for lost value. Add lines 7, 8C and 9C. $0 $6,688,216 Truth - in -Taxation - June 2000 Page: I e e 2000 Effective Tax Rate Worksheet Entity Name: City of La Porte File Name: CLP Date: 9/6/2000 11. i 1999 adjusted taxable value. Subtract line 10 from line 6. 12.1 Adjusted 1999 taxes. Multiply line 4 times line II and divide by 100. 13. I Taxes refunded for years preceding tax year 1999: Enter the amount of taxes refunded during the last budget year for tax years preceding tax year 1999. Types of I refunds include court decisions, Section 25.25(b) and (c) corrections, and Section 31.11 : payment errors. Do not include refunds for tax year 1999. This provision applies only to : tax years preceding tax year 1999. 14. Adjusted 1999 taxes with refunds. Add lines 12 and 13. I ,_______ 15. . Total 2000 taxable value on the 2000 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 reinvestment zone, but remember I that the unit will deposit a portion of the taxes to a special tax increment fund. (School districts only adjust for the tax increment fmancing zone in the rollback rate calculation.) A. Certified values only: $1,337,247,270 B. Counties: Include railroad rolling stock values certified by the State Comptroller: + $0 C.Pollution control exemption: Deduct the value of property exempted for the current tax year for the first time as pollution control I property (use this step based on attorney's advice): - $20,500 D. Add A and B, subtract C: 16.1 Total 2000 taxable ~;I~;-ofp~operties 'u-nder protest. The chief appraiser certifi~~- I 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. i 17. I SCHOOL DISTRICTS. Enter 2000 taxable value of over-65 homesteads with l tax ceilings. Other units enter "0". 18. 2000 total taxable value. Add lines 15D and 16. Subtract line 17. 19. I Total 2000 taxable value of properties in territory annexed after January I, i 1999. Include both real and personal property. Enter the 2000 value of property in ; territory annexed, including any territory annexed by the schoo~ district. $1,286,035,934 $9,130,855 $28,257 $9,159,112 $1,337,226,770 $34,823,340 $0 $1,372,050,110 $0 Truth - in - Taxation June 2000 Page: 2 e e 2000 Effective Tax Rate Worksheet Entity Name: City of La Porte File Name: CLP Date: 9/6/2000 20.jTotai"2ooo taxable value ofne~ impro;~~-ent~-and new personal-;;~~ert; I located in new improvements. "New" means the item was not on the appraisal roll in 1999. 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 (I) have been brought into the unit after January I, 1999 and (2) be located in a new improvement. New improvements does include property on which a tax abatement agreement has expired for 2000. New improvements do not include mineral interests produced for the first time, omitted property that is back assessed and increased . appraisals on existing property. 21. ~~;al- adjustments to the 2000-;axable ~~I~e. Add lines 19-~nd 20. - ---- 22.1 ;~OO adjusted taxable value. Subtract line 21 from line 18. 23. 2000 effective tax rate. Divide line 14 by line 22 and multiply by 100 (per $100). $51,710,330 $5],710,330 $1,320,339,780 0.693 24. i COUNTIES ONLY. Add together the effective tax rates for each type of tax the county ..J~~s. The total is the 2000 county effec_ti~~~ax rate (per $100). __ ___ ______ A county, city, or ho~~i;~] district that adopted the additi~~-al sales tax in August or Nove~ber 1999, or i~- -I January or May 2000, 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 j' Additional ~~_~e~~ax Rate Worksheet ift~~~xin~ U~~dop~ed the additional sal~_s tax on these dates. ___ _ __ _ _ __ Truth - in -Taxation --- - June 2000 Page: 3 e e 2000 Rollback Tax Rate Worksheet Entity Name: City of La Porte File Name: CLP Date: 9/6/2000 25. 1999 maintenance and operations tax rate (per $100). 0.570 26. 1999 adjusted taxable value. Enter the amount from line II. $1 286,035,934 27. 1999 maintenance and operations taxes. A. Multiply line 25 by line 26 and divide by 100: $7,330,404 B. Cities, counties and hospital districts with additional sales tax: Amount of additional sales tax collected on maintenance and operations in 1999. Enter amount from full year's sales tax revenue spent for M&O in 1999 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. Ifsecond or later year, the amount is for increased cost above last year's amount. Other units, enter "0": + $0 D. Transferring function: If discontinuing all or part of a 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 ] 2-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 F below. The unit receiving the function will add this amount in F below. Other units, enter "0": +/- $0 E. Taxes refunded for years preceding tax year 1999: Enter the amount of M&O taxes refunded during the last budget year for tax years preceding tax year ]999. 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 ]999. This provision applies only to tax years preceding tax year 1999: + $3],795 F. Total of A, B, C and E. For unit with D, subtract if discontinuing function and add if receiving func- tion. $7,362,] 99 Truth - in -Taxation - June 2000 Page: 1 e e Entity Name: City of La Porte 2000 Rollback Tax Rate Worksheet File Name: CLP Date: 9/6/2000 28. SCHOOL DISTRICTS ONLY: Complete the Texas Education Agency's worksheet entitledWorksheet to Assist Districts in Calculating Rollback Rate.Enter the amount on line 26 of the TEA worksheet for the 2000-01 M&O component here. This worksheet will reduce the property tax needed for the amount of state aid, if any, that the school district will receive for one-half of the taxable value loss for a percentage homestead exemption, as calculated and authorized by the commissioner of education. 29. 2000 adjusted taxable value. A. Enter line 22 from the effective tax rate worksheet; school districts, enter line 18; if a school district did not complete the Effective Tax Rate Worksheet, the school district does the following steps (I) to (4) below. (1) Total 2000 taxable value on the 2000 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 reinvestment zone, but remember that the unit will deposit a portion of the taxes to a special tax increment fund. (2) Total 2000 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. (3) 2000 taxable value of over-65 homesteads with tax ceilings. (4) 2000 taxable value. Add lines (1) and (2) and subtract (3) and enter above at A. B. School districts: Subtract the 2000 captured appraised value of real property taxable by the school district in a tax increment financing zone for which the 2000 taxes will be deposited into the tax increment fund; other units, enter "0." $1 ,320,339~78~_ $0 $0 $0 $0 C. Subtract B from A: 30. 2000 calculated maintenance and operations rate. Divide line 27F by line 29C and multiply by 100. School districts: Divide line 28 by line 29C and multiply by 100 (per $100). $1,320,339,780 0.558 Truth - in -Taxation - June 2000 Page: 2 e e 2000 Rollback Tax Rate Worksheet Entity Name: City of La Porte File Name: CLP Date: 9/6/2000 ~ I I I 31. I f2000 rollback maintenance and operation rate. County, cities and others: I Multiply line 30 by 1.08. School districts: Add $0.06 to line 30. Chapter 41 school districts I should consult with legal counsel whether to add $0.03 or $0.06 (per $100). 32. Total 2000 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 property taxes, (2) are secured by property taxes, (3) are scheduled for payment over a 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 ! B: Debt Service." If using unencumbered funds, subtract unencumbered fund amount used I. 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. I' I Certified 1999 excess debt !ollections. Enter the amount certified by the collector. I Adjusted 2000 debt. Subtract line 33 from line 32. $1,854,932 $0 -.----- $1,854,932 33. 34. 35. ,Certified 2000 anticipated collection rate. Enter the rate certified by the : collector. If the rate is 100 percent or greater, enter 100 percent. I - ----.--- 36. ! 2000 debt adjusted for collections. Divide line 34 by line 35. I 37. 2000 total taxable value. Enter the amount on line 18. School districts enter line 29C. 38. 2000 debt tax rate. Divide line 36 by line 37 and multiply by 100 (per $100). 39. 2000 rollback tax rate. Add lines 31 and 38 (per $100). 40. COUNTIES ONLY. Add together the rollback tax rates for each type of tax the county levies. The total is the 2000 county rollback tax rate. 100.00% $1,854,932 $1,372,050,110 0.135 0.737 r-h---.---------..------- --.-----------.- -.- ~_._- I ANY TAXING UNIT that has adopted the additional sales tax must complete the Additional Sales Tax Rate I Worksheet. Any taxing unit seeking additional rollback protection for pollution control expenses should i complete the Additional Rollback Protection for Pollution Control Worksheet. I I I __ Truth - in -Taxation .-- June 2000 Page: 3 e e Additional Rollback Protection for Pollution Control Entity Name: City of La Porte File Name: CLP Date: 9/6/2000 49. : Certified expenses from TNRCC. Enter the amount certified in the deter- : mination letter from TNRCC. The taxing unit shall provide its assessor with a copy of ! the letter. I 50. : 2000 total taxable value. Enter the amount from line 37 of the rollback I rate worksheet. I 51. i Additional rate for pollution control. Divide line 49 by line 50 and I multiply by 100 (per $100). 52. 2000 rollback tax rate, adjusted for pollution control. Add line 51 to one ofthe following lines (as applicable): line 39, line 40 (counties) or line 48 (units with the additional sales tax) (per $100). $0 $1,372,050, II 0 0.000 0.737 Truth - in -Taxation - June 2000 e e Additional Rollback Protection for Enhanced Indigent Health Care Expenditures Entity Name: City of La Porte File Name: CLP Date: 9/6/2000 53. i Certified expenses. Enter the amount spent by the taxing unit for M&O costs I : of providing indigent health care at the increased minimum eligibility standards under . Health and Safety Code Section 61.006. Those standards were effective on or after I January 1,2000. The taxing unit shall provide its assessor with this amount. $0 I l . I i 2000 total taxable value. Enter the amount from line 22 of the effective I , : rate worksheet. $1,320,339,780 I -- -- -- ---_._------ .- --_. ! Additional rate for enhanced indigent health care expenditures. I 0.000 ~ Divide line 53 by line 54 an~ multiply by 1 O~ (per $100). 2000 rollback tax rate, adjusted for enhanced indigent health care expenditures. Add line 55 to one of the following lines (as applicable): line 39, line 40 (counties), line 48 (units with the additional sales tax) or line 52 (units with pollution control) (per $100). 0.737 54. 55. 56. Truth - in -Taxation - June 2000 e e City of La Porte GOVERNING BODY SUMMARY #IA Benchmark 2000 Tax Rates September 6, 00 TAX RATE TAX ADDITIONAL DESCRIPTION OF TAX RATE PER $100 LEVY * TAX LEVY - ---.-- --- ---------- EFFECTIVE TAX RATE 0.693 $9,508,307 $0 ONE PERCENT TAX INCREASE ** 0.699 $9,590,630 $82,323 ONE CENT PER $100 TAX INCREASE ** 0.703 $9,645,512 $137,205 NOTICE & HEARING LIMIT *** 0.713 $9,782,717 $274,410 ROLLBACK TAX RATE 0.737 $10,] ]2,009 $603,702 LAST YEAR'S TAX RATE 0.710 $9,741,556 $233,249 PROPOSED TAX RATE 0.710 $9,741,556 $233,249 * Tax levies are calculated using line 18 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 of the 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 6,00 Last Year's Tax Levy *: $9,206,598 TAX RATE THIS YEAR'S TAX LEVY PER $100 T AX LEVY ** INCREASE *** 0.710 $9,741,556 $534,958 0.693 $9,508,307 $301,709 0.713 $9,782,7] 7 $576,1 ]9 0.737 $]0,] ]2,009 $905,411 0.710 $9,741,556 $534,958 ----- -------- DESCRIPTION OF TAX RATE LAST YEAR'S TAX RATE EFFECTIVE TAX RATE NOTICE & HEARING UMIT **** 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 18 of the Effective Tax Rate Worksheet *** 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. e City of La Porte GOVERNING BODY SUMMARY #2A e 2000 Total Tax Levy According To Tax Rate Increase In Cents Per $100 Tax Increase Compared to Effective Tax Rate September 6, 00 TAX RATE TAX ADDITIONAL INCREASE IN CENTS PER $100* PER $100 LEVY TAX LEVY -------- --+- 0.00 0.693 $9.508.307 $0 0.50 0.698 $9.576.910 $68.603 1.00 0.703 $9.645.512 $137.205 1.50 0.708 $9.714.115 $205.808 2.00 0.713 $9.782.717 $274.410 2.50 0.718 $9.851.320 $343.013 3.00 0.723 $9.919.922 $411.615 3.50 0.728 $9.988.525 $480.218 4.00 0.733 $10.057.127 $548.820 4.50 0.738 $10.125.730 $617.423 5.00 0.743 $ I O. I 94.332 $686.025 5.50 0.748 $10.262.935 $754.628 6.00 0.753 $ 10.331.537 $823.230 6.50 0.758 $ I 0.400. I 40 $891.833 7.00 0.763 $ 10.468.742 $960.435 7.50 0.768 $10.537.345 $1.029.038 8.00 0.773 $10.605.947 $1.097.640 8.50 0.778 $10.674.550 $ I.I 66.243 9.00 0.783 $10.743.152 $ I .234.845 9.50 0.788 $10.811.755 $1.303.448 10.00 0.793 $ I 0.880.357 $ 1.372.050 10.50 0.798 $10.948.960 $1.440.653 I 1.00 0.803 $11.017.562 $1.509.255 11.50 0.808 $ I 1.086. 165 $1.577.858 12.00 0.813 $11.154.767 $ I .646.460 12.50 0.818 $11.223.370 $1.715.063 13.00 0.823 $1 1.291.972 $1.783.665 13.50 0.828 $11.360.575 $] .852.268 ]4.00 0.833 $11.429.177 $ 1.920.870 14.50 0.838 $11.497.780 $1.989.473 15.00 0.843 $11.566.382 $2.058.075 15.50 0.848 $11.634.985 $2.126.678 16.00 0.853 $11.703.587 $2.195.280 16.50 0.858 $ I 1.772.190 $2.263.883 17.00 0.863 $1 1.840.792 $2.332.485 17.50 0.868 $11.909.395 $2.401.088 18.00 0.873 $ I I .977 .997 $2.469.690 18.50 0.878 $ I 2.046.600 $2.538.293 19.00 0.883 $12.1 15.202 $2.606.895 19.50 0.888 $ I 2.183.805 $2.675.498 20.00 0.893 $12.252.407 $2.744.1 00 ----..--- .---_. ---- * Tax levies are calculated using line 18 of the Effective Tax Rate Worksheet. e City of La Porte GOVERNING BODY SUMMARY #2B * e 2000 Total Tax Levy According To Tax Rate Increase In Cents Per $100 Tax Increase Compared to Last Year's Tax Rate September 6,00 Last Year's Tax Levy: $9,206,598 TAX RATE THIS YEAR'S TAX LEVY INCREASE IN CENTS PER $100 * PER $100 TAX LEVY INCREASE 0.00 0.710 $9.741.556 $534.958 0.50 0.715 $9.810.158 $603.560 1.00 0.720 $9.878.761 $672.163 1.50 0.725 $9.947.363 $740.765 2.00 0.730 $10.015.966 $809.368 2.50 0.735 $10.084.568 $877.970 3.00 0.740 $10.153.171 $946.573 3.50 0.745 $1 0.221. 773 $1.015.175 4.00 0.750 $10.290.3 76 $1.083.778 4.50 0.755 $10.358.978 $1.152.380 5.00 0.760 $10.427.581 $1.220.983 5.50 0.765 $10.496.183 $1.289.585 6.00 0.770 $10.564.786 $1.358.188 6.50 0.775 $10.633.388 $1.426.790 7.00 0.780 $10.701.991 $1.495.393 7.50 0.785 $10.770.593 $1.563.995 8.00 0.790 $10.839.196 $1.632.598 8.50 0.795 $10.907.798 $1. 701.200 9.00 0.800 $10.976.401 $1.769.803 9.50 0.805 $11.045.003 $1.838.405 10.00 0.810 $11.113.606 $1.907.008 10.50 0.815 $11.182.208 $1.975.610 11.00 0.820 $11.250.811 $2.044.213 11.50 0.825 $11.319.413 $2.112.815 12.00 0.830 $11.388.016 $2.181.418 12.50 0.835 $11.456.618 $2.250.020 13.00 0.840 $11.525.221 $2.318.623 13.50 0.845 $11.593.823 $2.387.225 14.00 0.850 $11.662.426 $2.455.828 14.50 0.855 $11.731.028 $2.524.430 15.00 0.860 $11. 799.631 $2.593.033 15.50 0.865 $11.868.233 $2.661.635 16.00 0.870 $11.936.836 $2.730.238 16.50 0.875 $12.005.438 $2.798.840 17.00 0.880 $12.074.041 $2.867.443 17.50 0.885 $12.142.643 $2.936.045 18.00 0.890 $12.211.246 $3.004.648 18.50 0.895 $12.279.848 $3.073.250 19.00 0.900 $12.348.451 $3.141.853 19.50 0.905 $12.417.053 $3.210.455 20.00 0.910 $12.485.656 $3.279.058 ---------------- - -- ---- -- * See Governing Body #lB for definition oflast year's tax levy, this year's tax levy, and tax levy increase.