1986T27-Tax Rate
ORDINANCE NO. 8'6- T-:J-'l
AN ORDINANCE
LEVYING AND ASSESSING ALL TAXABLE PROPERTY
WITHIN THE CORPORATE LIMITS OF THE CITY OF
SCHERTZ, TEXAS, FOR THE YEAR 1986; PROVIDING
THE BASIS OF ASSESSMENT OF 100 % APPRAISED
VALU E AND PROVIDING FOR TH E COLL ECTION
THEREOF AT THE RATE OF $0.4128 ON THE ONE
HUNDRED DOLLAR ($100.00) ASSESSED VALUATION
AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS:
SECTION 1. THAT there is hereby levied and assessed
against all taxable property, both real and personal, within the
corporate limits of the City of Schertz, Texas, and there shall
be collected by such City a tax of $0.4128 on the one-hundred
($100.00) assessed valuation for the year 1986.
SECTION 2. Such tax is hereby levied and assessed in
accordance with the applicable Statutes of the State of Texas,
such levy and assessment is made for the following purposes, to
wit:
(A)
For current expense and operation
of the General Fund and its various
d epar tments
$0.3383
(B)
For requirements of the Tax Bond
Interest and Sinking Fund to meet
the outstanding tax supported
indebtedness of the city for fiscal
year 1986-87
TOTAL TAX RATE
$0.0745
$0.4128
The City Treasurer has certified to the availability of
funds to pay principal and interest on the following indebtedness
during the Fiscal Year 1986-87.
DATE OF ISSU E
1962 City of Schertz, Sewer System Bonds
Principal
Interest
Total
1972 City of Schertz, Street Improve-
ment Bonds
Principal
Interest
Total
1975 City of Schertz, Park Improve- .
ment, Street & Drainage Bonds
Principal
Interest
Total
1981 City of Schertz, Combination
Tax and Jr. Lien Certificate
of Obligation
principal
Interest
Total
$ 9,000.00
$ 5,981.25 /-';;.S-",
'.
$14,981.25
$ 8,000.00
$ 5,818.00
$13,818.00
.:-
$ 5,000.00
$13,370.00
$18,370.00
_. _ ~ "'l".
$ 5,000.00
$12,575.00
$17,575.00
SECTION 3. THAT the Tax Assessor and Collector for the
City of Schertz, Texas, is hereby directed to assess and collect
taxes of the City of Schertz, Texas, on the basis of one hundred
percent (100%) of appraised values for the year 1985, such basis
of assessment being required to meet the proposed expenditures of
the General Fund for the Fiscal Year 1986-87 and collection of
taxes thereof at the rate of $0.4128 assessed valuation as herein
provided.
. . <
SECTION 4. THAT the public importance of thi~ measure
constitutes and creates an urgent public necessity requiring that
this ordinance be passed and take effect as an emergency measure,
and shall take effect and be in force immediately upon and after
its passage.
PASS ED, APPROVED AND ADOPTED this the It; rJv day of J?r~ ,
1986.
ATTEST:
i.II.I.II:illlll"II:~:I::.I.I:IIIII:IIII.llllllli..l::ill:
P.O. BOX 2789
UNIVERSAL ClN, TEXAS 78148
(512) 658-7424
PUBLISHER' AFFIDAVIT
(COUNTY OF BEXAR)
(STATE OF TEXAS)
I,
Linda Hardin
authorized representative of the
Herald Newspaper Group, do solemnly swear that the notice, a
printed copy of which is hereto attaced, was published once a
week for
1
consecutive week (s) in the Northeast Herald
published at Universal City, Bexar County, Texas, on the following
date (s), to wit:
August 22,
A.D., 19 85
H raId Newspape up
Subaeribed '"' awo= '0 before~. <hia ;;r.y day of ~ 19 8:.-' .
~.~ I~
Notary Public in andlfor
Bexar County, Texas.
(NOTARY SEAL)
A Division ofTal'lor Communications, Inc.
SCHERTZ
SCHERTZ
SCHERTZ
NOTICE OF CALCULATION OF EFFECTIVE TAX RATE, ESTIMATED'
UNENCUMBERED FUND BALANCES, AND DEBT SCHEDULE
City of .Schertz
per $100 or value as Ihe ta;tl rate which
rit y nf ~rhe...t7 without
General Improvement
General Improvement
Certificate of Obligati'on
Certificate of Obligation
General Improvement
Total Debt Schedule
Thomas C. Oov~.~~~~~l!~~o.!_LfO ~~~~~?_C___
August 15, 1985. . _________
CALCULATIONS USED TO DETERMINE EFFECTIVE TAX RATE
J, Thomas C. Dovey . Tax Ass.essor/Collector for
in accordance with Sec. 26.04, Property Tax Code, have c.a1c.:ulaled $ .424
may not be exceeded by more than Ihrec percent by the governing body of the
holding a public hearing as required by the code.
The est~maled unencumbered fund balance for Maintenance & Operation fund: $
The eslJmated unencumbered fund balance for Inlerest & Sinking fund: $
The following schedule hsts debt ooligaLlons lhat 1985 property taxes will pay:
Interest And
p'!X!..ng Agent
I 6,171
6,141
13,720
13,075
14,019
Fees
1961
1971
1975
1981
1983
prin~iRal
$ ,000
8,000
5,000
5,000
8.673
I. DATA
1. 1984 Total tax levy from the 1984 tax roll . . . .. . . . . . . . . . . . . . . . . . . . . . -
2,1984Taxrale($ ,35 M&O and $ .09 1&5) "......".......
3. 1984 Debt service (1&5) ievy ",.."",...".," ".,., ..".....' ,.....',,"
4. 1984 Maintenance & operation (M&O) ......... . . . . . . . . . . . . . . . . . .
5. 1984 M&O taxes on property in territory thai has ceased to be a part 01 unit in 1985
6. 1984 M&O taxes on property becoming exempt in 1985 . -....................
7. 1984 M&D taxes on taxable value lost because property is apprais,ed at less than
market value in 1985 ...........-......-.........-.....-...-.. ..-.... ..-.-
8. 1985 Tolal taxable value -of all property .. -... ...... .................
9. 1985 Taxable value of new Improvements added since Jan. '. 1984 ...........
10. 1985 Taxable value 01 property annexed since Jan. 1,1984 ..........
11. 1985 Tax levy needed to satisfy debt service (I&S) ...........................
12. Rate 10 raise 1984 tax due levy to appraisal roll errors (lost dollars divided by 1985
taxable value) ($ ..,. $ x 100) .. -.
13 Ratelo regain taxes lostin 1984 due to appraisal roll errors (lost dollars divided ~y
1985 taxable values) ($ -: :$ )( 100) .
14. 1984 M&O Taxes used to regain lost 1983 levy .............................
II. CALCULATION
MAINTENANCE AND OPERATION (M&O) TAX RATE
1 (A) 1984 Total t::J.X levy (Data 1l
(8) Subtract 1984 debt service ievy (Oats 3)
(C) Subtract 1984 taxes on property no longer In unit (Data 5)
(D) Subtract 1984 taxes for exemptions (Dala 6) ..'
(E) Subtracl 1984 taxes lor productivity valuation (Data 7)
(F) Subtract 1983 taxes used to regain iost1983 levy (Data 141 .
(G) Adjusted 1984 M&O levy
2. (A) 1985 T\otal Taxable value of all property (Data 8)
(8) Subtract 1985 value of new improvements (Data 9)
(C) Subtract 1985 value of annexed property (Data 101
(D) Adjusted 1985 taxable value lor M&O ...
3. (A) Divide t~e adjusted 1984 M&O levy (1-G above) by the adJusled 1985 taxable
value 10\ M&O 12-0 abovel (S 3.B.1.,.U:L~-- "$ U.o,51;n .192 I
(B) Multiply by $100 valuation ...... -....
(e) 'E.:~ectlve fv1&O rate lor 1985
INTERESt';AND SINKING (i&5) TAX RATE
4 (A) '985 :&S ~evy needed tp satisfy debt (Da~a 11)
~c..~2!l;-- ;';'~F(B1 1~~5 T~~~~_tax.abl~ yalUAIQcall.PJoperty_(Data 8) ,.. ..... - ....... ..
'.' . .... ..' (C) Olvlde1he, 1985 I&S I~vy (4-A above) b~ the' 985 total tax.able val..Je (4-B above)
. r .(S ,qR~.POO. __ r S jZS.018.R I._I ,. .". ,.. ".""...,,",..
(O) Multiply b~ S100 "',a1uatlon
(E) Effective 1&:5 rate lor 1985
APPRAIS;6.L ROLL ERROR RATE
5. (AI Rate to raise the 1984 levy due lG 2ppr2tiSa' erlOrs (Data 12)
(B) AdQ rale to\,rega;n t~xes lost due to errors (Data 13)
IC) T~lal rate t~ adJusl for appraisal roll errors
TOTAL EFFECTIVE TAX RATE FOR 1985
6 (A) Etfl;;ctlve M&O rate (3 C Clbove.'
(6) Add efiec:lve',I&S r<'lle {4.E aDove;
(G;i Add rale 10 adjust tor apori;ilSn' rol euors (5.C ;'!Dove)
(Dr 19S5 U1ectlve',iax P.<.ilE;
-8-
Total
14,27i
14,142
16,720
16,075
31,692
$ 98,000
$
$ 481.641. 97
$ ,44 1$100
$ 96.722
$ 383,919
$ '-0-
$ ----wo~
$ 800.90
$ l?li nHl. u':I7
$ 11.544.423
$ ? ell n ???
$ 98.000
$ _n_ 1$100
-0- 1$100
$
$ _n_
$481,6(1_,~7 _
- $ ~8,712_:, _
- $ ---.~_.--
_ $ _1,,5.05,54 .-
_ $_..-"DD~~O__
_ $ _,0-_
$ 18.1 ,till ~1
$1~,IlJ.ll.:~
_ $ 11 544,413
_ 5 ~.91D,2~!_
$1lQ..,564.191
$ 0(0~?151____
)( 100
$ .-...lli.l5...'~!~
5 9R .000
S 11S ,01R ,837
s ,0007638R
)( S100
07838
$
,
_(1_
+ $
,.!!..,..
-0-
$
- $
1tl~], /5102
,07P.3:; /5100
-u- /S10Q
a? 35 3 ~s 1 OQ
- $
1985 Elfect/lle Tax Rare IS tne tax rare PUDllshea as reQurred bf Sec:. 26,04. Properly TaK Code
S
/510.2
IS100
1$102.
-r _' 7 1
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~/
../~i
-
t{/,-7 ~rl
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,:,II.I.i:.I~llIj!'::~:!~...~.I.lili..i:!lliij.:::::.:}.:
MAIN OFFICE
122 East Byrd
P. O. Box 2789
Universal City, Texas 78148
(512) 656-7424
PUBLISHER'S AFFIDAVIT
I
(COUNTY OF BEXAR)
(STATE OF TEXAS)
I, Lori Robinson, authorized representative of the Herald Newspaper Group,
do solemnly swear that the notice, a printed copy of which is hereto attached,
was published once a week for ~ consecutive weekes) in the Northeast
Herald published at Universal City, Bexar County, Texas, on the following
date(s), to wit: September 25th A.D., 1986
Subscribed and sworn to before me, this
My commission expires 1Q 2Q 8e
30th
day of September 19~
{)f1-A1Lfh ~
Notary public in and for B~ar County,
Texas
(NOTARY SEAL)
...-...___.......__T........-....-~._...~..,......,...:~
~ A Division of Harte-Han!';s Communications, Inc, -
~~
"Ji. j.-.:il
AN ORDINANCE
LEVYJNG AND
ASSESSING ALL
TAXABLE 'PROPE.
Rn' WITHIN. THE
C6RPORATE LIMITS
OF THE CITY OF
$CHERTZ,' TEXAS,
FOR THE YEAR 1986;
PROVIDING THE
BASIS OF
ASSESSMENT OF
100% APPRAISED"
VALUE AND
PROVIDING FOR
THE ,COLLECTION
THEREOF AT .THE
RATE OF $0.4128 ON
THE ONE HUND~.
DOLLAR ($100.00)
ASSESSED VALUA-
TION AND
DECLARING AN
EMERGENCY.
Passed, approved and
adopted tbe 18th day of
September 1986.
'tt - r-J.?
41_.:I..!"'I!!IIIIII'I!fl'I~I~:;i.~:i:!~~
MAIN OFFICE
122 East Byrd
P. O. Box 2789
Universal City, Texas 78148
(512) 658-7424
PUBLISHER'S AFFIDAVIT
(COUNTY OF BEXAR)
(STATE OF TEXAS)
I, Lori Robinson, authorized representative of the Herald Newspaper Group,
do solemnly swear that the notice, a printed copy of which is hereto attached,
was published once a week for ~ consecutive week(s) in the Northeast
Herald published at Universal City, Bexar County, Texas, on the following
date(s), to wit: September 18th A.D., 1986
Subscribed and sworn to before me, this
My commission expires 10-20-86
19th
day of September 19 86
c~~
Notary public in and for Bexar County,
Texas
(NOTARY SEAL)
J
A Division of Harte-Hanks Communications, Inc.
~.. -.. -. -;.,-.....- -.-....-.. --.. -. --..-...-
CALCULATION OF EFFECTIVE TAX RATE, ESnMATED
UNENCUMBERED FUND BALANCES~ AND SCHEDULES
I, Thoinas' c. Dovev ,Tax Assessor/Col~i&1iRr. for Citv of Schertz ..---, ,lnaccordancewl1h
Sec. 26.04. Property Tax Code, have calculated $ ____ ',per$100ofvalueas the tax ratewhlch may not be
exceeded by more Ulan Ulree percent by the governing body oi-tlle Ci ty ..of Schertz _without holding
a publlp hearing as required by the' c:o;lde. .
The estimated unencuinbered fund balance for Maintenance & Operation fIlnd: $ -0-
. The estiinated unencumbered fund balance for Interest & Sinking fund: $ -0-
1""e following schedule lists debt obligations that 1986 property taxes will pay:
In teres t an d
, Principal Paying Agent Fees Tota 1
.962 General Improvell1li!nt $ 8,000 S 6,478 $ 14,478.75
.972 General Improvemen t 8,000 6,651 14,651. 00
,975 Certifi ca te pf Ob 1 igati On 5,000 13,720 18,720.00
,981 Certificate of Obligation 5,000 13 ,075 18,075.00
,983 General Improvement 9,000 32,904 41,904.00
TOTAL DEBT SOlEDULE $ 107,828.75
~..~
CALCULAnON OF EFFECTIVE .TAX RATE .
MAINTENANCE AND OPERAnON (M&O) TAX RATE .
1. 1985 total tax levy .............. ...................... do.................
(1985.tax rate: M&O ~ + f&S $.JUB = $ 436 1$100)
2. Subif'act1985 debt aervice (I&S) levy . .. . .. .. .. .. .. .. .. .. .. . .. .. . . .. .. .. ....
3. slIbtrilct 1985 taxes" on property In-territory no longer In I.Inllln 1986 .........
4. Subtract 1985 taxes for property b8c0mlng exempt In 1986 .;. ~..............
5. Subtract 1985 taxes lor property appraised at less than market :value!n 1986 ..
6. Subtract 1985 ta*used to regain lost 1984 taxes because of appraisal
roll errors ...............................................................
7_ Adjusted 1985 M&O levy (sublractJl2, '3, #4. #5. and 116 Irom #1) ............
fl. 1986 total taxable value of all property ......................................
9: Subtract 19~ value of new ImproVements added since 1/1/85 ..............
10. SUblract1986 value of annexed property added since 1/1/85 ................
11. Adjusted 1986 taxable value for M&O (subtract 119 and IUO from 1#8) .......... .
12. DividE! the adjusted 1985 M&O levy (117 above) by 1I1e adjusted 1986 taxable
valueforM&O(1t11 above) ($ 446.69~.53 + $ 136.870.173) ........
13. Mulllply by $100 valuallon ........................... ,....... ..... ........
14.. Effective M&O rate for 1986 ...............................................
,.INTEREST-AND SINKING (I"Sf TAX RATE
15. 1986 I&S levy needed to sallsfy debt .......................................
11S; 1986 total taxable value for all property ................. . . . . . . . . .. .. .. . . . . .
17.. DIvIcIe the 1986 t&S levy (1t15 above) by the 1986 total taxable value (1t16 above)-
($ 107,A?A 7!i + $ 144.701 I':Q4 I.:................................
18. Multiply by $100 valuation ................................................
19. .Effectlve I&S rate for 1986 ..... .. .. .. ... . . .. . .. . .. .. . .. . .. . .. .. .. .. .. . .. ..
'APPRAIsAL ROLL ERROR RATE
, . 20. Aate to raise the 1985 levy because of appraisal roli errors
($ -0- + $. -0- I x $100 ...........................
21. Add ~te to regain 1985 taxes .lost because of appraisal roll errors
($ .- - + $ -0- ) x $100 .............. ~...........
22. TofBl rate to adjust for appraisal roll errors ..................................
-$ .!i46. 217 39
_ $ 98.000.00
_ $ -0-
_ $ -0-
_ $ 1,517.86
_$ -'0-
$ 446 ,699.53
$ 144,701,694.00
_ $ 7.831.521.00
_ $ -0-
$ 136,870,173.00
$ .00::l?636
x $100
$ .32636 /S100
$ 107,828.75
$ 144.701.694.00
$ .0007451
x $100
$ .0745 /S100 .
$ -0- IS100
+$ -0- /S100
$ -0- /S100
TOTAL EFFE~E TAX RATE FOR 1886 .
; 23. ~.M&O rate ('14 above) ............................................ . $ .32636
~ Adde1(eCtive f&S rate ('19 above) .....................................;... '+ .$,07451
;f5. 'Add I8teto acljuitfor appraisal roll etTOIB (#22 above) ..... ......m..... _.. ..' + $ >6:
:"tI. . _Utcllve Tax Rate .......... ................. ...........;............ $ 411hA1
", .' ~~ ~. T8!f Rate" the tax tete pubI1shfId as teqUired by See. 26.04, P/opetty Tax Code.
/$100
./S1oo
/$100
/$100