Tax Information



Members of the public are encouraged to attend the hearings and express their views.

FISCAL YEAR 2011/2012
       
TAXABLE VALUE CALCULATION
   
TOTAL APPRAISED VALUE 2011 142,527,261
LESS EXEMPTIONS AGRICULTURAL 533,716  
  DISABLED VETERAN 676,520  
  OVER 65 11,986,489  
  DISABLED PERSON 1,777,000  
  PP NOMINAL VALUE LOSS
11,511,079
 
  TOTAL   26,484,804
   
NET TAXABLE VALUE 116,042,457
RATE PER $100 1.1054127
TAX LEVY 2011/2012 1,160,425
ESTIMATED % OF COLLECTION 99%
ESTIMATED CURRENT COLLECTIONS 1,080,559
       
SUMMARY OF TAX COLLECTIONS
   
CURRENT TAXES 1,070,148
DELINQUENT TAXES   20,000
PENALTY AND INTEREST INCOME 24,000
TOTAL TAX COLLECTIONS 1,114,148
       
PROPOSED DISTRIBUTION
  (RATE PER $100) (% OF RATE)  
GENERAL FUND CURRENT 0.9222037 83.45% 1,070,148
DEBT SERVICE CURRENT 0.183209 16.55% 212,600
TOTAL CURRENT 1.1054127 100% 1,282,748
   
GENERAL FUND DELINQUENT (OF BUDGETED AMOUNT) 100% 20,000
PENALTY AND INTEREST (OF BUDGETED AMOUNT) 100% 24,000
TOTAL DELINQUENT 44,000
   
TOTAL ALL TAX COLLECTIONS 1,326,748
       

2011 Property Tax Rates for City of Everman

This notice concerns 2011 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 tacing unit can set before taxpayers can start tax rollback procedures. In each case these tax 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: 1,056,506
Last year's debt taxes: 212,943
Last year's total taxes: 1,269,449
Last year's tax base: 114,839,341
Last year's total tax rate: 1.105413/$100
This year's effective tax rate  
Last year's adjusted taxes (after subtracting taxes lost on property): $1,267,646
/ This year's adjusted tax base (after subtracting value of new property): $115,992,965
= This year's effective tax rate (maximum rate unless unit publishes notices and holds hearings): 1.092864/$100
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, state criminal justice mandate, and/or enhanced indigent health care expenditures): $1,054,993
/ This year's adjusted tax base $115,992,965
= This year's effective operating rate 0.909532/$100
x 1.08 = this year's maximum operating rate 0.982294/$100
+ This year's debt rate 0.183209/$100
= This year's total rollback rate 1.165503/$100

Statement of Increase/Decrease

If the City of Everman adopts a 2011 tax rate equal to the effective tax rate of $1.092864per $100.00 of value, taxes would decrease compared to 2010 taxes by $-1,263.

Schedule A - Unencumbered Fund Balances

The following estimated balances will be left in the units 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 - 2011 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 revenue (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
Interest Expense $0 $0 $0 $0
2007 GORB $145,000 $0 $0 $145,000
2006 Tax Note $25,000 $40,601 $2,000 $67,601
Paying Agent $0 $0 $0 $0
Total Required for 2009 Debt Service       $212,601
- 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 fromm taxes in 2009       $212,601
+ Amount added in anticipation that the unit will collect only 100.00% of its taxes in 2011       $0
= Total Debt Levy       $212,601

This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations at 100 E. Weatherford St., Fort Worth, Texas, 76102.

Name of person preparing this notice: Null
Title:Null
Date Prepared: 07/25/2011