82-T-23 TAX RATE
ORDINANCE NO. g () - T- J 3
AN ORDINANCE
LEVYING AND ASSESSING ALL TAXABLE PROPERTY WITHIN THE
CORPORATE LIMITS OF THE CITY OF SCHERTZ, TEXAS, FOR
THE YEAR 1982, PROVIDING THE BASIS OF ASSESSMENT OF
100% APPRAISED VALUE AND PROVIDING FOR THE COLLECTION
THEREOF AT THE RATE OF $0.440N 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. on the one-hundred dollar ($100.00) assessed tax valuation
for the year 1982.
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 departments $ .37
(B) For requirements of the Tax Bond Interest
and Sinking Fund to meet the outstanding
tax supported indebtedness of the City for
Fi sca 1 Year 1982-83 $ IJ7
TOTAL TAX RATE $0.44
The City Treasurer has certified to the availability of funds to pay
principal and interest on the following indebtedness during the
Fiscal Year 1982-83:
DATE OF ISSUE
1962 City of Schertz, Sewer System Bonds
Principal $ 8,000.00
Interest 7,141.25
$15,141.25
1972 City of Schertz, Street Improve-
ment Bonds Princ i pa 1 $ 6,000.00
Interest 13,316.00
$13,316.00
1975 City of Schertz, Park Improve-
ment, Street & Drainage Bonds Principal $ 5,000.00
Interest 14,770.00
$19.770.00
1981 City of Schertz. Combination Tax
and Jr. Lien Certificate of
Ob1 i gati on Principal $ 5,000.00
Interest 14,575.00
$19,575.00
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 on~ hundred percent {l00%) of
appraised values for the year 1982~-such basis of assessment being re.
qui red to meet the proposed expenditures of the General Fund for the
Fiscal Year 1982-83 and collection of taxes thereof at the rate of
$0. assessed valuation as herein provided.
SECTION 4. The publ ic importance of .this measure constitutes and creates
an urgent public necessity requiring that this ordinance be
passed and take effect as an emergency measure;- ilnd shall take effect
and be in force immediately upon and after its passage.
PASSED, APPROVED AND ADOPTED this the"! rJ= day of' /)~,
19 ~~
ATTEST;
(SEAL OF CITY)
.'i....
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."" NORTHeAST HA'RALD-NIWS-Univenal City, Texas-Thursday, December 2, 1982, Page 12A
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IIMICE OF CALCULAT10ft ()~ EFFECTIVE TAX R~TE
AND PU~LICATIOtI OF ESTIMATED UNENCUMBEREO FUND BALANCES
It Thomas C. OoveYI Tax Assessor/Collector for the
City of Schertz, in accordance with the provis;"ons
of Section 26.04 of the Property Tax Codel have
calculated the tax rate which may not be exceeded
by more than three percent by the governing body
of the City of Schertz without holdin9 a public
hearing as required ~y the code. That rate is
as follows:
L1l per $100 of value.
Th~ estimated unencumbered balances for Maintenance
and Operation fund: $ -~-.
The estimated -unencumbered balances for Interest
and Sinkin9 fund: $ -0-.
Thoma 5 C. Oovey
Tax Assessor/Collector
November 29, 1982
CALCULATIONS USED TO DETERMINE
EFFECTIVE TAX RATE
L ASSUMPTIONS
1. 1981 Total Tax Levy (rom the 1961 Tax Roll................. ....................
2. 19B1 Tax Rate ($....5.Z.. M&O and $ ~ 1&5)......................................
3. 19B1 Debt Service (I&S) Levy....................................................
4. 1961 Maintenance and Operation (M&OI Levy...... J.............................
S. 1981 Taxes Levied (or Maintenance and Operation {M&Ol on Properly In Territory
fhal HilS Ceased 10 be a Part o( the Unil in HIB2
. . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. 19B1 Taxes Levied (or Mainten:'lnce and Operationl (Ms.O) on Taxable Value of
Property Becoming Exempt in 1982 ,................................ .......... ...
7. 19R1 Taxes Levied for Maintenance and Operation I {M&OI on Taxable Value o(
Property Lost Because Property is Required to be A~praised --in 19B2 at 'Less than
Market Value
......................................,............................
5 367,928
5 .64 /$100
5 48.131
5 319,797
5 -0-
5 -0-
5 -0-
5 95,011,961 '
5 3,074,100
8.1982 Total Taxable Value'of All Property........................................
9. 1962 Taxable Value o(New Improvements Added Since January 1, 1961...........
]0. 1982 Taxable Value of Propert-y Added Since Janu,.;y 1. 19B1. by Annexation of
Territory..... ..... ..... ........... ..... ..... ..... ........... ..... .......... ....
11. 1982 Tax Levy Needed to Satisfy Bonded Indebtedness or Debt Service (I&S)......
5
5
2,079,229
69.506
1
II. CALCULA TlON
MAINTENANCE AND OPERATION (M&O) TAX RATE FOR 1982
1. IA] 1962 Total Taxable Value of All Properly (Assumption No.8) ................. $ 95,011,961
[8] Subtract 1962 Taxable Value of New Impr~vements Added [Assumption No.9) _ S 3,074,100
(C) Subtract 19B2 Taxable Value of Properly Added by Annexation (Assumplion No;
10) ........,.......".""..""".."""".."."""."...."""".,, _ $ 2,079,229
(0] Adjusted 1982 Taxable Value (or Calculation......... ........ ................. S 89,858,632
2. (~J 1981 Total Tax ~evy from the 1981 Tax Roll (Assumption NO.1)............... S
IB) Subtract 1981 Taxes Levied (or Maintenance and Op~r8tion (M&O) on Property in
TerrHory that Has Ceased to be a Pari of the Unit in 1982 {Assumption No. 5J _ S
(C) Subtrac. 1981 Dehl Service (1&8) Levy (Assumption No.3) ......""...... _ $
(DJ Subtract 1981 Taxes Levied for Maintenance and Operation IMlkO) on Taxable
Value of Properl)' Becoming Exempt in 1982 (Assumption No.8) ........ ... _ I
3n7 q28
_0_
4B 131
n_
(E] Subtract 1981 Ta~es Levied for Mainfen..nce and Operation (M&O) on Taxable
Value of Property Lost BecHuseProperty is Required 10 be Appraised in 19B2 at Less
theln Market Value {Assumption No.7)... ..... ......... ...... ................ - $
(FJ Adjusted 1961 Tax levy fer Cal~uliltion ....................."................ S
3. (A) Adjusted 1961 Tax Levy for Calculation [2F above)............................ $
fB) Divided by Adjusted 1982 Taxable Vl'Ilue for Calculation (10 above I .......... + $ 8q
Multiplied by $100 Valuation........................"..............
(C) Calculated Maintenance and Opera lion (M&O) Rate For 19B2 ..........
INTEREST AND SINKING RATE FOR 1982
4. (A) 1982 Tax levy Needed 10 Satisfy Bonded Indebtedness or Debt Service ff&S)
{Assumption No. 11J
(BJ 1982 Total Taxable Value of All Property {Assumption No.8)........... _......
Ie) Divide the Adjusted 1982 Tax Levy for Debt Service (J&S) (4A above) by the
Adjusted 1982 Taxable Value for I&S (4B above)...... ..............
(5 69,502... + 5 95.011.9jil"",,,,,,..,,..:............,,................
Multiplied by $100 Valuation.............................................
(D) Calculated Inleresl and Sinking (I&S) Rate (or 19B2 .......................
5. (A) Calculated Maintenance and Opera.tion (M&O) Rate for 19B2 [3C above) ....... $
(0) Add Calculated Interest and Sinking (I&S) Rate for 19B2 (4D, above) ....... ... + $
ICJ Calculated 19B2 Effective Tax Rate,..,....................................... $
1982 Effective Ta" Rate is the la" tate published by the laK asse~sot. as required by Sec.
26.04 of Ihe Properly Tax Cude, See sample form on page 18.
IJI. MAXIMUM TAX RATE
1. {Al Cah:ulated 1982.E({eclive Tax Rale- (5C above) ................................
(8J .Multiplied by Three Percent (3") ...................... ...'... ........ P... ...
(e) Equals Amount of Increl.e Allowed by Code.. ................. ...............
(0) 1882'Ms'xirnum Tax Rate (1A + le, -above)..... ...... ........ ...... ...........
.0.
319,797
319,797
R~R n1~
X $100
.35589/$100
69.506
$ 95.011,961
$ 0007115
X $100
.073151$100
$
,35589/$100
.07315/$100
.42904
5 1I7Q0l1 IS100
X .03
$ m'A7
5 .44191/5100