2018 Property Tax Rates in EMERGENCY
SERVICES DISTRICT # 1
This
notice concerns the 2018 property tax rates for EMERGENCY SERVICES DISTRICT #
1. It presents information about three tax rates. Last year's tax rate is the
actual tax 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 start 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.
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Last year's tax rate:
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|
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Last year's operating taxes
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$1,083,331
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Last year's debt taxes
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$229,002
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Last year's total taxes
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$1,312,333
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Last year's tax base
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$1,312,333,000
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Last year's total tax rate
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$0.10000/$100
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This year's effective tax rate:
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|
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Last year's adjusted taxes
(after subtracting taxes on lost property)
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$1,310,651
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÷ This year's adjusted tax base
(after subtracting value of new property)
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$1,284,271,404
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=This year's effective tax rate
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$0.10000/$100
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(Maximum
rate unless unit publishes notices and holds hearings.)
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|
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This year's rollback tax rate:
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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 healthcare expenditures)
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$1,082,355
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÷ This year's adjusted tax base
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$1,284,271,404
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=This year's effective operating rate
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$0.08428/$100
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x
1.08=this
year's maximum operating rate
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$0.09102/$100
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+ This year's debt rate
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$0.01293/$100
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= This year's total rollback rate
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$0.10395/$100
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Statement of Increase/Decrease
If
EMERGENCY SERVICES DISTRICT # 1
adopts a 2018 tax rate equal to the effective tax rate of $0.100000 per $100 of
value, taxes would decrease compared to 2017 taxes by $28,062.
Schedule A - Unencumbered Fund
Balance
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.
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Type of Property Tax Fund
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Balance
|
|
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0
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Schedule B - 2018 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).
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Description of Debt
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Principal or Contract Payment to be Paid
from Property Taxes
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Interest to be Paid from Property Taxes
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Other Amounts to be Paid
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Total Payment
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Fire
Station
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22,283
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63,739
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0
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86,023
|
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2014
International Tanker
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20,794
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4,862
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0
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25,656
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2016
Spartan Rescue Eng.
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44,390
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11,772
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0
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56,162
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Total required for 2018 debt service
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$167,841
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Amount (if any) paid from Schedule A
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$0
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Amount (if any) paid from other resources
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$0
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-
Excess collections last year
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$0
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=
Total to be paid from taxes in 2018
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$167,841
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+
Amount added in anticipation that the unit will collect only 100.00% of its
taxes in 2018
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$0
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=
Total debt levy
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$167,841
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This notice contains a summary of actual effective and rollback tax rates'
calculations. You can inspect a copy of the full calculations
at 123 S. 6th STREET, ORANGE,
TEXAS.
Name
of person preparing this notice: KAREN FISHER
Title: ORANGE COUNTY TAX ASSESSOR-COLLECTOR
Date
Prepared: 09/10/2018
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