|
2006 City of Everman Tax
Property Tax Rate
- (Per $100 assessed value)
.798849/$100
- Sales Tax 8.25 % (Effective October 1, 2005)
2006 Property Tax Rates in City of Everman
This notice concerns 2006 property tax rates for City of
Everman. It presents information about three 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 both years. This year's rollback
tax rate is the highest tax rate the taxing 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 $100 of property value.
Last year's tax rate
| Last year's
operating taxes |
$917,128 |
| Last year's
debt taxes |
$215.255 |
| Last year's
total taxes |
$1,132,383 |
| Last year's
tax base |
$127,722,116 |
| Last year's
total tax rate |
0.886599
/$100 |
This year's effective tax rate
| Last year's
adjusted taxes (after subtracting taxes on lost property)
|
$1,131,811 |
| This year's
adjusted tax base
(after subtracting value of new property) |
$141,680,053 |
| = This year's
effective tax rate |
0.798849
/$100 |
| (Maximum
rate unless unit publishes notices and holds hearings.) |
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, and/or enhanced indigent health care
expenditures) |
$916,665 |
| ? This year's
adjusted tax base |
$141,680,053 |
| = This year's
effective operating rate |
0.646997
/$100 |
| x 1.08
= this year's maximum operating rate |
0.698756
/$100 |
| + This year's
debt rate |
0.155373
/$100 |
| = This year's total rollback
rate |
0.854129
/$100 |
Statement of Increase/Decrease
If City of Everman adopts a 2006 tax rate equal to the effective
tax rate of $ 0.798849 per $100 of value, taxes would increase
compared to 2005 taxes by $4,302.
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 Balance
Schedule B - 2006 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).
| Description
of Debt |
Principal
or Contract Payment to be Paid from Property Taxes |
Interest
to be Paid from Property Taxes |
Other
Amounts to be Paid |
Total
Payment |
1998 Certification
of Obligation |
$110,000 |
$82,888 |
$2,000 |
$194,888 |
| Capital
Lease |
$26,194 |
$0 |
$0 |
$26,194 |
| Total
Required for 2006 Debt Service |
|
|
|
$221,082 |
- Amount (if any) paid from funds listed in Schedule A $0
- Amount (if any) paid from other resources $0
- Excess collections last year $0
= Total to be paid from taxes in 2006 $221,082
- Plus amount added in anticipation that the unit will $0
collect only 100.00% of its taxes in 2006
= Total Debt Levy $221,082
This notice contains a summary of actual effective
and rollback tax rates' calculations. You can inspect a copy
of the full calculations at . Everman City Hall, 212 N. Race
Street, Everman, TX.
Name of person preparing this notice: Kathy
Renshaw
Title: Director of Finance
Date Prepared: July 26, 2006
|
