Property Tax Notice
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2011 The City of Schertz
This notice concerns property tax rates for . 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 tax rate would impose the same
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total taxes as last year if you compare properties taxed in both years. This year's tax rate is the highest tax rate the taxing
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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.
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$6,292,242
Last year's operating taxes
$3,153,479
Last year's debt taxes
$9,445,721
Last year's total taxes
$2,102,319,386
Last year's tax base
$0.4493/$100
Last year's total tax rate
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$9,389,106
Last year's adjusted taxes
(after subtracting taxes on lost property)
$2,033,735,746
/ This year's adjusted tax base
(after subtracting value of new property)
$0.4616/$100
= This year's effective tax rate
(Maximum rate unless unit publishes notices and holds hearings.)
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$6,254,461
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)
$2,033,735,746
/This year's adjusted tax base
$0.3075/$100
=This year's effective operating rate
$0.3321/$100
X = this year's maximum operating rate
$0.2014/$100
+ This year's debt rate
$0.5335/$100
= This year's total rollback rate
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The City of Schertz$0.4616increase
If adopts a 2011 tax rate equal to the effective tax rate of per $100 of value, taxes would
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The following estimated balances will be left in the unit's property tax accounts at the end of the fiscal year, These balances are not
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GENERAL Fund$ 2,696,992
$ 117,616
I & S FUND
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The unit plans to pay the following amounts for long-term debts that are secured by property taxes. These amounts will be paid from
Description of Principal or Contract Payment to be Interest to Be Paid from Other Amounts to
Total Payment
Paid from Property TaxesProperty Taxesbe Paid
Debt
$200,000.00$ 53,800.00$ 253,800.00
BOND SR 2003
$ -
$315,000.00$ -$ 566,008.13
BOND SR 2004
$ 2 51,008.13
$100,000.00$ -$ 748,981.26
BOND SR 2006
$ 6 48,981.26
$555,000.00$ -$ 835,098.50
BOND SR 2007
$ 2 80,098.50
$225,000.00$ -$ 423,921.25
BOND SR2007B
$ 1 98,921.25
$370,000.00$ -$ 734,679.00
BOND SR 2008
$ 3 64,679.00
$200,000.00$ -$ 478,812.50
BOND SR 2009
$ 2 78,812.50
$240,000.00$ 82,650.00$ 322,650.00
BOND REF SR 2010
$ -
$532,286.46$ -$ 622,286.46
BOND SR 2011
$ 9 0,000.00
$ 4,986,237.10
Total required for 2011 debt service
$ -
(-) Amount (if any) paid from funds listed in Schedule A
$ 709,574.08
(-) Amount (if any) paid from other resources
$ -
(-) Excess collections last year
$ 4,276,663.02
(=) Total to be paid from taxes in 2011
Amount added in anticipation that the unit will
$ -
(+) collect only _____% of its taxes in 2011
$ 4,276,663.02
(=) Total Debt Levy
This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations
Name of person preparing this notice: Tavie Murphy
Title: Tax Assessor/Collector Guadalupe County
Date prepared: August