Hide Article Text (OCR)
Page 8, Wednesday, August20,1997, The GatesviUe Messenger$0312(Rov. 5-943)1997Property Tax Rates inThis notice concerns1997property tax rates for City of OglesbyItpresents 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 Last year’s debt taxes Last year’s total taxes Last year’s tax base Last year’s total tax rate$$$$7,023.94.007,023.944,779,4910.14696/$100This year's effective tax rate:Last year’s adjusted taxes (after subtracting taxes on lost property) -5- This year’s adjusted tax base(after subtracting value of new property) = This year’s effective tax rate$7,053$ 4,741.560$0.14874/$100In the first year a hospital district or city collects the additional sales tax to reduce property taxes, it must insert the following lines unless its first adjustment was made last year:- Sales tax adjustment rate = Effective tax rate$$0.00000/$1000.14874/S100x 1.03 = maximum rate unles notices and holds hearing$0.15320/$100This year's rollback tax rate:Last year’s adjusted operating taxes (after subtracting taxes on lost property and adjusting for transferred function)-s- This year’s adjusted tax base = This year’s effective operating rate1.08 “.this year’s maximum operating rate This year’s debt ratex+$$$$$7.0534.741.5600.14874/$1000.16063/$1000.00000/$100This year’s rollback rate$0.16063/$100A hospital district or city that collects the additional sales tax to reduce property taxes, including one that collects the tax for the first time this year, must insert the following lines:- Sales tax adjustment rate $_0.00000_/$100= Rollback tax rate $_0.16063_/$100For a taxing unit with additional rollback rate for pollution control, insert the following lines.+ Additional rate for pollution control = Rollback tax rate$ 0.00000 $ 0■16063/$100/$10050-179 (Hav, 6-97/6)City of OglesbySchedule AUnencumbered Fund BalancesThe following estimated balances will be left in the unit’s property tax accounts at the end of the fiscal year These balances are not encumbered by a corresponding debt obligation.Type of Property Tax Fund Balance.00Schedule B1997 Debt ServiceThe unit plans to pay the following amounts for long-term debts that are secured by property taxes. These amounts will be paid from property tax revenues (or additional sales tax revenues, if applicable).Principal or Interest toDescription of Debt Contract Payment to be Paid Other Amounts Totalto be Paid from from Property to be Paid PaymentProperty Taxes Taxes$none $ .00(expand as needed) ' •Total required for 1997 debt service- Amount (if any) paid from funds listed in Schedule A- Excess collections last year* Total to be paid from taxes in 1997- State aid for facilities.00$.00$.00$$$$$.00.00Amount added in anticipation that the unit will collect only ____ % of its taxes in 1997m- Total Debt levySchedule C Expected Revenue from Additional Sales Tax(For hospital districts, cities and counties with additional sales tax to reduce property taxes)In calculating its effective and rollback tax rates, the unit estimated that it will receive $_in additional sales and use tax revenues. For County* The county has excluded any amount that is or will be distributedfor economic development grants from this amount of expected sales tax revenue.Schedule OState Criminal Justice Mandate (For Counties)The-County Auditor certifies that_ . County has spent $__inprevious 12 months beginning.,19.maintenanceinmates sentenced to the Texas Departmentinformation on these costs, minus the state revenues received for reimbursement of such costs!Schedule Ef.Transfer of Department, Function or ActivityThe_ .--- spent $_ (mm •the_County Sheriff has providedtoon_ . The.operates this function in all or a majority of theamount this year and preceding yea, {Second Year of Transfen Modify schedule to show comparison ofThis notice coicalculations atCoryell County Tax Offices - I I'Cancer survivors led the way for the Second Annual Relay for Life, making the first lap before turning it over to the 25 teams that participatedPhotos by Larry KennedyThe Thin Gravy Band set the stage for an evening of entertainment.Jose A. Martinez, right, made 106 laps. Linda Blanchard, right, raised $1,158.•V’ '• rs/fr; smmmt:':*Slt;. f:£Si*•A lt;■Mv .A lt;.rS.Mimm(r '.y.-ftm.4.:r.*■'vMmmi,.■).%{}. ■■■iilpllism... \:s'v:;vlt;rM ■- - -WAX:,?;■ iri::--'i'Xswx-VS■: •: : .....' V-rnmtX 'i 'A1 ■ j..' • .. . 's* x'll..;S :lt;■ . ' ^^ ..):vyi^Some people needed a little rest during the long night.Team captains met with co-chairman John Stephens prior to starting the relayixzApftHa Cheek *3^esi#n$We will be closed August 21-23for vocation!anm. JSat, 9 a.m.-f punt* vtp 84, lt;§«ita$oiMa (z54.)6$-226$'ZJitpinui fDatzishSpecialist in Orthodontics forAdults Childrenmet-v:■HMMHCONSULTATION^mmaMrnm^ENTisatmoNsCPCC2550 E. Main St., Gatesville 865-7491A little handicao did ncLucile Plane was themipi.............* ■........Savings of.. '.............smu IPSmmmmmmVi!:60% to 70% offl.-X.c fIche beanbaifCOD^•i.' 't « ** • SThe GatesviUe Messenger, Wednesday, August20,1997, Page §50-212 {Rev. 5*94/3}1997Property Tax Rates in city of GatesviUe1997This notice concerns—.—j^?/ _property tax rates for City of GatesviUe jtpresents information about three tax rates. Last year’s tax rate is the actual rate the raying 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 umt can set before taxpayers can start tax rollback procedures. In each case these rates are found by clmdrng 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 taxesLast year’s debt taxes/Last year’s total taxes Last year’s tax base Last year’s total tax rate$$$$$52,096.99 495,589.97135,071,263 0.36691/$100»This year's effective tax rate:Last year’s adjusted taxes (after subtracting taxes on lost property) This year’s adjusted tax base (after subtracting value of new property)= This year’s effective tax rare$$0.36636In the first year a hospital district or city collects the additional sales tax to reduce property(axes, it must insert the following lines unless its first adiustment was made last vo/nits first adjustment was made last yean- Sales tax adjustment rate * Effective tax rate$$0.00000 0.36636/$100/$1001.03 - maximum rate unless unit publishesnotices and holds hearing0.37735This year's rollback tax rate:Last year’s adjusted operating taxes (after subtracting taxes on lost property and adjusting for transferred function)■+■ This year’s adjusted tax base = This year’s effective operating rate1.08 “ this year’s-maximum operating rateThis year’s debt ratex+$$$$$725,4770.54032/$100/$100£$100This year’s rollback rate$0.63004/$100/I oospttai aistnct or city that collects the additional sales tax to reduce property taxes,ing one that collects the tax for the first time this year, must insert the following lines: - Sales tax adjustment rate • $_0.21059_/$1QQ= Rollback tax rate $_O.A195 /$100the following+ Additional rate for pollution control = Rollback tax rate$$0.41945 /$10060-179„ City of GatesviUeSchedule AUnencumbered Fund BalancesThe 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. ' uaiancesType of Property Tax Fund n.iow^$100.00General Fund Checking AccountSchedule B1997 Debt ServiceThe unit plans to pay the following amounts for long-term debts that are secured by property These amoibe paid from property tax revenues (or additional sales tax revenues, if applicable).Principal or Interest toDescription of Debt Contract Payment to be Paid Other Amounts Totalto be Paid from from Property to be Paid PaymentProperty Taxes Taxes1. Fire Station$ 21,107.00$ 2,700.00 $.002. 1996 Construction Bonds$ 23,807.0015,000.00TOEALS$36,107.0023,987.50 $26,687.50200.00$200.0039,188.00 $62,995.00(expand as needed)Total required for 1997 debt serviceAmount (if any) paid from funds listed in Schedule AExcess collections last yearTotal to be paid from taxes in 1997State aid for facilities$.$.62,995.00 .00S 62.995.00 $_ .00Amount added in anticipation that the unit will collect only__ % of its taxes in 1997.00$ 62.995.00« Total Debt LevySchedule CExpected Revenue from Additional Sales Tax(For hospital districts, cities and counties with additional sales tax to reduce property taxes)'In calculating its effective and rollback tax rates, the unit estimated that It will receive S 291.9S4.99icvenues, r or county: The county has excluded any amount that is or will be distributed grants from this amount of isrbccted sa 1m tav rw^nu#*This notice contains a summary of actual effective an calculations at Coryell County Tax Office Name of person preparing this notice Barbara McKamieTitle CoDate prepared 8-1i
Newspaper Details
, ,
Mon, Jan 01, 0001
Page 5
Full Page
Clipped by
Anonymous
NA, 07 Sep 2020
Other Publications Near ,
Gatesville Messenger and Star Forum
