Notice of Effective Tax Rate - 20132013 Property Tax Rates in City of Schertz This notice concerns the 2013 property tax rates for City of Schertz. 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. Last year’s
tax rate: Last year’s operating taxes $6,981,121 Last year’s debt taxes $4,678,960 Last year’s total taxes $11,660,081 Last year’s tax base $2,332,482,697 Last year’s total tax rate
$0.4999/$100 This year’s effective tax rate: Last year’s adjusted taxes $11,618,075 (after subtracti?????ng taxes on lost property) ÷ This year’s adjusted tax base $2,405,668,244 (after
subtracting value of new property) =This year’s effective tax rate $0.4829/$100 (Maximum rate unless unit publishes notices and holds hearings.) This year’s rollback tax rate: Last year’s
adjusted operating taxes $6,956,208 (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) ÷ This year’s adjusted tax base $2,405,668,244 =This year’s effective operating rate $0.2892/$100 x 1.08=this year’s maximum operating rate
$0.3123/$100 + This year’s debt rate $0.2095/$100 = This year’s total rollback rate $0.5218/$100 Statement of Increase/Decrease If City of Schertz adopts a 2013 tax rate equal to the
effective tax rate of $0.4829 per $100 of value, taxes would increase compared to 2012 taxes by $296,929. 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. Type of Property Tax Fund Balance GENERAL
FUND 3,182,335 I & S FUND 419,587 Schedule B -2013 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). Total required for 2013 debt service $6,604,642 -Amount (if any) paid from Schedule A $0 -Amount
(if any) paid from other resources $1,417,058 -Excess collections last year $0 = Total to be paid from taxes in 2013 $5,187,584 + Amount added in anticipation that the unit will collect
only 100.00% of its taxes in 2013 $0 = Total debt levy $5,187,584 BOND SR 2006 200,000 634,981 0 834,981 BOND SR 2007 605,000 234,585 0 839,585 BOND SR 2007 B 245,000 179,792 0 424,792
BOND SR 2008 430,000 332,259 0 762,259 BOND SR 2009 590,000 314,200 0 904,200 BOND REF SR 2010 260,000 70,750 0 330,750 BOND SR 2011 210,000 358,038 0 568,038 BOND REF SR 2011 290,000
48,275 0 338,275 BOND SR 2011 A 615,000 145,101 0 760,101 BOND SR 2012 285,000 219,284 0 504,284 TAX NOTES SR 2013 160,000 11,222 0 171,222 TAX NOTES SR 2013 A 155,000 11,155 0 166,155
Description of Debt Principal or Contract Payment to be Paid from Property Taxes Interest to be Paid from Property Taxes Total Payment Other Amounts to be Paid This notice contains a
summary of actual effective and rollback tax rates’ calculations. You can inspect a copy of the full calculations at 307 W. Court St. Seguin Texas 78155. Name of person preparing this
notice: Tavie Murphy Title: Tax Assessor-Collector Date Prepared: 08/01/2013