Tax Information
The City of Everman will hold two public hearings on a proposal to increase total tax revenue s from properties on the tax toll in the preceding tax year by 5.9 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax rate calculated under Chapter 26., Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and tax rate that is adopted.
The first public hearing will be held on August 17, 2010 at 6:00 PM at City Hall, 212 N. Race St., Everman, TX 76140.
The second public hearing will be held on September 7, 2010 at 6:00 PM at City Hall, 212 N. Race St., Everman, TX 76140.
The members of the governing body voted on the proposal to consider the tax increase as follows:
For:
Susan Mackey Michelle Meyer Kelly Denison Johnnie Mae Allen Judy Sellers Ray Richardson
Against:
Jim Stephenson Present and Not Voting: None
Absent: None
The average taxable value of a residence homestead in the City of Everman this year is $43,935. If the governing body adopts the effective tax rate for this year of $1.1054127per $100 of taxable value, the amount of taxes imposed this year on the average home would be $485.66.
Members of the public are encouraged to attend the hearings and express their views.
FISCAL YEAR 2011/2012 |
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| 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 |
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| 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