SCHERTZ 2019 Tax Rate CalculationPage 1 of 16
TNT -856 05 -19/3
2019 Tax Rate Calculation Worksheet
CITY OF SCHERTZ
Effective Tax Rate (No New Taxes) CITY OF SCHERTZ
The effective tax rate enables the public to evaluate the relationship between taxes for the prior year and for the
current year based on a tax rate that would produce the same amount of taxes (no new taxes) if applied to the
same properties that are taxed in both years. When appraisal values increase, the effective tax rate should
decrease. The effective tax rate for a county is the sum of the effective tax rates calculated for each type of tax
the county levies.
1.
2018 total taxable value. Enter the amount of 2018 taxable value on the 2018
tax roll today. Include any adjustments since last year's certification; exclude
Section 25.25(d) one -third over - appraisal corrections from these adjustments.
This total includes the taxable value of homesteads with tax ceilings (will deduct
in line 2) and the captured value for tax increment financing (will deduct taxes in
line 14).1
$4,019,945,907
2.
2018 tax ceilings. Counties, Cities and Junior College Districts. Enter 2018 total
taxable value of homesteads with tax ceilings. These include the homesteads of
homeowners age 65 or older or disabled. Other units enter "0" If your taxing
units adopted the tax ceiling provision in 2018 or prior year for homeowners age
65 or older or disabled, use this step.2
$432,616,397
3.
Preliminary 2018 adjusted taxable value. Subtract line 2 from line 1.
$3,587,329,510
4.
2018 total adopted tax rate.
$0.514600/$100
5.
2018 taxable value lost because court appeals of ARB decisions reduced
2018 appraised value.
A. Original 2018 ARB values: $0
B. 2018 values resulting from final court decisions: _$0
C. 2018 value loss. Subtract B from A.3
$0
6.
2018 taxable value, adjusted for court- ordered reductions.
Add line 3 and line 5C.
$3,587,329,510
7.
2018 taxable value of property in territory the unit deannexed after January
1, 2018. Enter the 2018 value of property in deannexed territory.4
$0
1 Tex. Tax Code § 26.012(14)
2 Tex. Tax Code § 26.012(14)
3 Tex. Tax Code § 26.012(13)
4 Tex. Tax Code § 26.012(15)
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Page 2 of 16
2019 Tax Rate Calculation Worksheet (continued)
CITY OF SCHERTZ
B.
2018 taxable value lost because property first qualified for an exemption
in 2019. Note that lowering the amount or percentage of an existing exemption
does not create a new exemption or reduce taxable value. If the taxing unit
increased an original exemption, use the difference between the original
exempted amount and the increased exempted amount. Do not include value
lost due to freeport or "goods -in- transit" exemptions.
A. Absolute exemptions. Use 2018 market
value: $137,825
B. Partial exemptions. 2019 exemption amount
or 2019 percentage exemption times 2018
value: + $26,999,727
C. Value loss. Add A and B.5
$27,137,552
9.
2018 taxable value lost because property first qualified for agricultural
appraisal (1 -d or 1 -d -1), timber appraisal, recreational /scenic appraisal or
public access airport special appraisal in 2019. Use only those properties
that first qualified in 2019; do not use properties that qualified in 2018.
A. 2018 market value: $0
B. 2019 productivity or special appraised value: -$0
C. Value loss. Subtract B from A.e
$0
10.
Total adjustments for lost value. Add lines 7, 8C and 9C.
$27,137,552
11.
2018 adjusted taxable value. Subtract line 10 from line 6.
$3,560,191,958
12.
Adjusted 2018 taxes. Multiply line 4 by line 11 and divide by $100.
$18,320,747
13.
Taxes refunded for years preceding tax year 2018. Enter the amount of taxes
refunded by the taxing unit for tax years preceding tax year 2018. Types of
refunds include court decisions, Tax Code § 25.25(b) and (c) corrections and
Tax Code § 31.11 payment errors. Do not include refunds for tax year 2018.
This line applies only to tax years preceding tax year 2018.'
$52,507
14.
Taxes in tax increment financing (TIF) for tax year 2018. Enter the amount of
taxes paid into the tax increment fund for a reinvestment zone as agreed by the
taxing unit. If the unit has no 2019 captured appraised value in Line 16D, enter
.,o,,.8
$0
15.
Adjusted 2018 taxes with refunds and TIF adjustment. Add lines 12 and 13,
subtract line 14.9
$18,373,254
16.
Total 2019 taxable value on the 2019 certified appraisal roll today. This
value includes only certified values and includes the total taxable value of
homesteads with tax ceilings (will deduct in line 18). These homesteads
includes homeowners age 65 or older or disabled.10
A. Certified values only: $4,152,459,607
B. Counties: Include railroad rolling stock
values certified by the Comptroller's office: +$0
5 Tex. Tax Code § 26.012(15)
6 Tex. Tax Code § 26.012(15)
7 Tex. Tax Code § 26.012(13)
8 Tex. Tax Code § 26.03(c)
9 Tex. Tax Code § 26.012(13)
10 Tex. Tax Code § 26.012
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2019 Tax Rate Calculation Worksheet (continued)
CITY OF SCHERTZ
16.
C. Pollution control and energy storage system
(cont.)
exemption: Deduct the value of property
exempted for the current tax year for the first time
as pollution control or energy storage system
property: -$0
D. Tax increment financing: Deduct the 2019
captured appraised value of property taxable by a
taxing unit in a tax increment financing zone for
which the 2019 taxes will be deposited into the tax
increment fund. Do not include any new property
value that will be included in line 21 below." -$0
E. Total 2019 value. Add A and B, then subtract C
and D.
$4,152,459,607
17.
Total value of properties under protest or not included on certified
appraisal rol1.12
A. 2019 taxable value of properties under
protest. The chief appraiser certifies a list of
properties still under ARB protest. The list shows
the appraisal district's value and the taxpayer's
claimed value, if any or an estimate of the value if
the taxpayer wins. For each of the properties
under protest, use the lowest of these values.
Enter the total value. 13 $84,710,208
B. 2019 value of properties not under protest or
included on certified appraisal roll. The chief
appraiser gives taxing units a list of those taxable
properties that the chief appraiser knows about
but are not included at appraisal roll certification.
These properties also are not on the list of
properties that are still under protest. On this list
of properties, the chief appraiser includes the
market value, appraised value and exemptions
for the preceding year and a reasonable estimate
of the market value, appraised value and
exemptions for the current year. Use the lower
market, appraised or taxable value (as
appropriate). Enter the total value. 14 +$0
11 Tex. Tax Code § 26.03(c)
12 Tex. Tax Code § 26.01(c) and (d)
13 Tex. Tax Code § 26.04 and 26.041
14 Tex. Tax Code § 26.04 and 26.041
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2019 Tax Rate Calculation Worksheet (continued)
163 WKS] 9&-NXM I_ =lei A
17.
C. Total value under protest or not certified. Add
(cont.)
A and B.
$84,710,208
18.
2019 tax ceilings. Counties, cities and junior colleges enter 2019 total taxable
value of homesteads with tax ceilings. These include the homesteads of
homeowners age 65 or older or disabled. Other taxing units enter "0 ". If your
taxing units adopted the tax ceiling provision in 2018 or prior year for
homeowners age 65 or older or disabled, use this step. 15
$475,924,142
19.
2019 total taxable value. Add lines 16E and 17C. Subtract line 18.
$3,761,245,673
20.
Total 2019 taxable value of properties in territory annexed after January 1,
2008. Include both real and personal property. Enter the 2019 value of property
in territory annexed.16
$0
21.
Total 2019 taxable value of new improvements and new personal property
located in new improvements. New means the item was not on the appraisal
roll in 2018. An improvement is a building, structure, fixture or fence erected on
or affixed to land. New additions to existing improvements may be included if
the appraised value can be determined. New personal property in a new
improvement must have been brought into the taxing unit after January 1, 2018
and be located in a new improvement. New improvements do include property
on which a tax abatement agreement has expired for 2019.17
$128,088,116
22.
Total adjustments to the 2019 taxable value. Add lines 20 and 21.
$128,088,116
23.
2019 adjusted taxable value. Subtract line 22 from line 19.
$3,633,157,557
24.
2019 effective tax rate. Divide line 15 by line 23 and multiply by $100.18
$0.5057/$100
25.
COUNTIES ONLY. Add together the effective tax rates for each type of tax the
county levies. The total is the 2019 county effective tax rate.19
$/$100
15 Tex. Tax Code § 26.012(6)
16 Tex. Tax Code § 26.012(17)
17 Tex. Tax Code § 26.012(17)
18 Tex. Tax Code § 26.04(c)
19 Tex. Tax Code § 26.04(d)
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Page 5of16
Rollback Tax Rate CITY OF SCHERTZ
The rollback tax rate is split into two separate rates:
1. Maintenance and Operations (M &O): The M &O portion is the tax rate that is needed to raise
the same amount of taxes that the taxing unit levied in the prior year plus eight percent. This rate
accounts for such things as salaries, utilities and day -to -day operations.
2. Debt: The debt tax rate includes the debt service necessary to pay the taxing unit's debt
payments in the coming year. This rate accounts for principal and interest on bonds and other
debt secured by property tax revenue
The rollback tax rate for a county is the sum of the rollback tax rates calculated for each type of tax the
county levies. In most cases the rollback tax rate exceeds the effective tax rate, but occasionally
decreases in a taxing unit's debt service will cause the effective tax rate to be higher than the rollback
tax rate.
26.
2018 maintenance and operations (M &O) tax rate.
$0.349700/$100
27.
2018 adjusted taxable value. Enter the amount from line 11.
$3,560,191,958
28.
2018 M &O taxes.
A. Multiply line 26 by line 27 and divide by $100. $12,449,991
B. Cities, counties and hospital districts with
additional sales tax: Amount of additional sales
tax collected and spent on M &O expenses in
2018. Enter amount from full year's sales tax
revenue spent for M &O in 2018 fiscal year, if any.
Other units, enter "0." Counties exclude any
amount that was spent for economic development
grants from the amount of sales tax spent. +$0
C. Counties: Enter the amount for the state criminal
justice mandate. If second or later year, the
amount is for increased cost above last year's
amount. Other units, enter "0." +$0
D. Transferring function: If discontinuing all of a
department, function or activity and transferring it
to another unit by written contract, enter the
amount spent by the unit discontinuing the
function in the 12 months preceding the month of
this calculation. If the unit did not operate this
function for this 12 -month period, use the amount
spent in the last full fiscal year in which the unit
operated the function. The unit discontinuing the
function will subtract this amount in H below. The
unit receiving the function will add this amount in
H below. Other units, enter "0." +/-$01
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Rollback Tax Rate (continued) CITY OF SCHERTZ
28.
E. Taxes refunded for years preceding tax year
(cont.)
2018: Enter the amount of M &O taxes refunded in
the preceding year for taxes before that year.
Types of refunds include court decisions, Tax
Code Section 25.25(b) and (c) corrections and
Tax Code Section 31.11 payment errors. Do not
include refunds for tax year 2018. This line
applies only to tax years preceding tax year 2018. +$35,681
F. Enhanced indigent health care expenditures:
Enter the increased amount for the current year's
enhanced indigent health care expenditures
above the preceding tax year's enhanced indigent
health care expenditures, less any state
assistance. +$0
G. Taxes in tax increment financing (TIF): Enter
the amount of taxes paid into the tax increment
fund for a reinvestment zone as agreed by the
taxing unit. If the unit has no 2019 captured
appraised value in Line 16D, enter "0." -$0
H. Adjusted M &O Taxes. Add A, B, C, E and F. For
unit with D, subtract if discontinuing function and
add if receiving function. Subtract G.'
$12,485,672
29.
2019 adjusted taxable value.
Enter line 23 from the Effective Tax Rate Worksheet.
$3,633,157,557
30.
2019 effective maintenance and operations rate.
Divide line 28H by line 29 and multiply by $100.
$0.3436/$100
31.
2019 rollback maintenance and operation rate.
Multiply line 30 by 1.08.
$0.3710/$100
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Page 7 of 16
Rollback Tax Rate (continued) CITY OF SCHERTZ
32.
Total 2019 debt to be paid with property taxes and additional sales tax
revenue.
"Debt" means the interest and principal that will be paid on debts that:
(1) are paid by property taxes,
(2) are secured by property taxes,
(3) are scheduled for payment over a period longer than one year and
(4) are not classified in the unit's budget as M &O expenses.
A: Debt also includes contractual payments to other
taxing units that have incurred debts on behalf of
this taxing unit, if those debts meet the four
conditions above. Include only amounts that will be
paid from property tax revenue. Do not include
appraisal district budget payments.
Enter debt amount. $7,027,003
B: Subtract unencumbered fund amount used to
reduce total debt. - $118,000
C: Subtract amount paid from other resources. - $701,590
D: Adjusted debt. Subtract B and C from A.
$6,207,413
33.
Certified 2018 excess debt collections. Enter the amount certified by the
collector.
$0
34.
Adjusted 2019 debt. Subtract line 33 from line 32D.
$6,207,413
35.
Certified 2019 anticipated collection rate. Enter the rate certified by the
collector. If the rate is 100 percent or greater, enter 100 percent.
100.000000%
36.
2019 debt adjusted for collections. Divide line 34 by line 35.
$6,207,413
37.
2019 total taxable value. Enter the amount on line 19.
$3,761,245,673
38.
2019 debt tax rate. Divide line 36 by line 37 and multiply by $100.
$0.1650/$100
39.
2019 rollback tax rate. Add lines 31 and 38.
$0.5360/$100
40.
COUNTIES ONLY. Add together the rollback tax rates for each type of tax the
county levies. The total is the 2019 county rollback tax rate.
$/$100
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Page 8 of 16
Additional Sales Tax to Reduce Property Taxes CITY OF SCHERTZ
Cities, counties and hospital districts may levy a sales tax specifically to reduce property taxes. Local
voters by election must approve imposing or abolishing the additional sales tax. If approved, the taxing
unit must reduce its effective and rollback tax rates to offset the expected sales tax revenue.
This section should only be completed by a county, city or hospital district that is required to adjust its
effective tax rate and /or rollback tax rate because it adopted the additional sales tax.
41.
Taxable Sales. For taxing units that adopted the sales tax in November 2018 or
May 2019, enter the Comptroller's estimate of taxable sales for the previous four
quarters .20 Estimates of taxable sales may be obtained through the
Comptroller's Allocation Historical Summary webpage. Taxing units that adopted
the sales tax before November 2018, skip this line.
$0
42.
Estimated sales tax revenue. Counties exclude any amount that is or will be
spent for economic development grants from the amount of estimated sales tax
revenue. 21
Taxing units that adopted the sales tax in November 2018 or in May 2019.
Multiply the amount on Line 41 by the sales tax rate (.01, .005, or .0025, as
applicable) and multiply the result by .95.22
-OR-
Taxing units that adopted the sales tax before November 2018. Enter the
sales tax revenue for the previous four quarters. Do not multiply by .95.
$0
43.
2019 total taxable value. Enter the amount from line 37 of the Rollback Tax
Rate Worksheet.
$3,761,245,673
44.
Sales tax adjustment rate. Divide line 42 by line 43 and multiply by $100.
$0.0000/$100
45.
2019 effective tax rate, unadjusted for sales tax.23 Enter the rate from line 24
or 25, as applicable, on the Effective Tax Rate Worksheet.
$0.5057/$100
46.
2019 effective tax rate, adjusted for sales tax.
Taxing units that adopted the sales tax in November 2018 or in May 2019.
Subtract line 44 from line 45. Skip to Line 47 if you adopted the additional
sales tax before November 2018.
$0.5057/$100
47.
2019 rollback tax rate, unadjusted for sales tax.24 Enter the rate from line 39
or 40, as applicable, of the rollback tax rate worksheet.
$0.5360/$100
48.
2019 rollback tax rate, adjusted for sales tax. Subtract line 44 from line 47.
$0.5360/$100
20 Tex. Tax Code § 26.041(d)
21 Tex. Tax Code § 26.041(i)
22 Tex. Tax Code § 26.041(d)
23 Tex. Tax Code § 26.04(c)
24 Tex. Tax Code § 26.04(c)
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Additional Rollback Protection for Pollution Control CITY OF SCHERTZ
A taxing unit may raise its rate for M &O funds used to pay for a facility, device or method for the
control of air, water or land pollution. This includes any land, structure, building, installation,
excavation, machinery, equipment or device that is used, constructed, acquired or installed wholly or
partly to meet or exceed pollution control requirements. The taxing unit's expenses are those necessary
to meet the requirements of a permit issued by the Texas Commission on Environmental Quality
(TCEQ). The taxing unit must provide the tax assessor with a copy of the TCEQ letter of determination
that states the portion of the cost of the installation for pollution control.
This section should only be completed by a taxing unit that uses M &O funds to pay for a facility,
device or method for the control of air, water or land pollution.
49.
Certified expenses from the Texas Commission on Environmental Quality
(TCEQ). Enter the amount certified in the determination letter from TCEQ.25 The
taxing unit shall provide its tax assessor - collector with a copy of the letter.26
$0
50.
2019 total taxable value. Enter the amount from line 37 of the Rollback Tax
Rate Worksheet.
$3,761,245,673
51.
Additional rate for pollution control. Divide line 49 by line 50 and multiply by
100.
$0.0000/$100
52.
2019 rollback tax rate, adjusted for pollution control. Add line 51 to one of
the following lines (as applicable): line 39, line 40 (counties) or line 48 (units with
the additional sales tax).
$0.5360/$100
25 Tex. Tax Code § 26.045(d)
26 Tex. Tax Code § 26.045(i)
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Page 10 of 16
Total Tax Rate
Indicate the applicable total tax rates as calculated above.
Effective Tax Rate (Line 24; line 25 for counties; or line 46 if adjusted for sales tax) $0.5057
Rollback Tax Rate (Line 39; line 40 for, counties; or line 48 if adjusted for sales tax) $0.5360
Rollback Tax Rate Adjusted for Pollution Control (Line 52) $0.5360/$100
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Taxing Unit Representative Name and Signature
Enter the name of the person preparing the tax rate as authorized by the governing body of the taxing
unit.
Print Here
Printed Name of Taxing Unit Representative
Sign Here
Taxing Unit Representative
Date
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Page 12 of 16
2019 Notice of Effective Tax Rate
Worksheet for Calculation of Tax Increase/Decrease
Entity Name: CITY OF SCHERTZ Date: 08/08/2019
1.2018 taxable value, adjusted for court- ordered reductions.
Enter line 6 of the Effective Tax Rate Worksheet.
$3,587,329,510
2.2018 total tax rate.
Enter line 4 of the Effective Tax Rate Worksheet.
0.514600
3.Taxes refunded for years preceding tax year 2018.
Enter line 13 of the Effective Tax Rate Worksheet.
$52,507
4.Last year's levy.
Multiply Line 1 times Line 2 and divide by 100.
To the result, add Line 3.
$18,512,905
5.2019 total taxable value. Enter Line 18 of
the Effective Tax Rate Worksheet.
$3,761,245,673
6.2019 effective tax rate.
Enter line 23 of the Effective Tax Rate Worksheet or Line 46
of the Additional Sales Tax Rate Worksheet.
0.505700
7.2019 taxes if a tax rate equal to the effective tax rate is adopted.
Multiply Line 5 times Line 6 and divide by 100.
$19,020,619
8.Last year's total levy.
Sum of line 4 for all funds.
$18,512,905
9.2019 total taxes if a tax rate equal to the effective tax rate is adopted.
Sum of line 7 for all funds.
$19,020,619
10.Tax Increase (Decrease).
Subtract Line 8 from Line 9.
$507,714
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Page 13 of 16
CITY OF SCHERTZ
Tax Rate Recap for 2019 Tax Rates
Effective Tax Rate Increase in Cents per $100
0.00
0.505700
Tax Levy
- 1,666,022
0
0.50
0.510700
This is calculated using
- 1,477,960
Additional Tax Levy
1.00
Tax Rate
the Total Adjusted
Additional Tax Lev
Levy
Compared to effective
Description of Rate
Per $100
Taxable Value (line 19)
Compared to last year's
tax rate levy of
2.00
0.525700
of the Effective Tax
w of 20686642
tax le,,
19,020,619
2.50
0.530700
Rate Worksheet
-725,711
940,311
Last Year's Tax Rate
0.514600
$19,355,370
$- 1,331,271
$334,751
Effective Tax Rate
0.505700
$19,020,619
$- 1,666,022
$0
Notice & Hearing Limit*
0.505700
$19,020,619
$- 1,666,022
$0
Rollback Tax Rate
0.536000
$20,160,277
S-526,3651
$1,139,657
Proposed Tax Rate
1 0.000000
$0
$-20,686,6421
$- 19,020,619
Effective Tax Rate Increase in Cents per $100
0.00
0.505700
19,020,619
- 1,666,022
0
0.50
0.510700
19,208,682
- 1,477,960
188,062
1.00
0.515700
19,396,744
- 1,289,898
376,125
1.50
0.520700
19,584,806
- 1,101,835
564,187
2.00
0.525700
19,772,869
- 913,773
752,249
2.50
0.530700
19,960,931
-725,711
940,311
3.00
0.535700
20,148,993
- 537,649
1,128,374
3.50
0.540700
20,337,055
- 349,586
1,316,436
4.00
0.545700
20,525,118
- 161,524
1,504,498
4.50
0.550700
20,713,180
26,538
1,692,561
5.00
0.555700
20,901,242
214,601
1,880,623
5.50
0.560700
21,089,304
402,663
2,068,685
6.00
0.565700
21,277,367
590,725
2,256,747
6.50
0.570700
21,465,429
778,787
2,444,810
7.00
0.575700
21,653,491
966,850
2,632,872
7.50
0.580700
21,841,554
1,154,912
2,820,934
8.00
0.585700
22,029,616
1,342,974
3,008,997
8.50
0.590700
22,217,678
1,531,037
3,197,059
9.00
0.595700
22,405,740
1,719,099
3,385,121
9.50
0.600700
22,593,803
1,907,161
3,573,183
10.00
0.605700
22,781,865
2,095,223
3,761,246
10.50
0.610700
22,969,927
2,283,286
3,949,308
11.00
0.615700
23,157,990
2,471,348
4,137,370
11.50
0.620700
23,346,052
2,659,410
4,325,433
12.00
0.625700
23,534,114
2,847,473
4,513,495
12.50
0.630700
23,722,176
3,035,535
4,701,557
13.00
0.635700
23,910,239
3,223,597
4,889,619
13.50
0.640700
24,098,301
3,411,659
5,077,682
14.00
06457001
24,286,3631
3,599,7221
5,265,744
14.50
1 0.6507001
24,474,4261
3,787,7841
5,453,806
• *Notice & Hearing Limit Rate: This is the highest tax rate that may be adopted without notices and a public hearing. It
is the lower of the rollback tax rate or the effective tax rate.
• School Districts: The school tax rate limit is $1.50 for M &O, plus $0.50 for'New' debt plus a rate for'Old' debt. 'Old'
debt is debt authorized to be issued at an election held on or before April 1, 1991, and issued before September 1, 1992.
All other debt is 'New' debt.
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Page 14 of 16
Tax Levy: This is calculated by taking the adjusted taxable value (line 19 of Effective Tax Rate
Worksheet), multiplying by the appropriate rate, such as the Effective Tax Rate and
dividing by 100.
For School Districts: This is calculated by taking the adjusted taxable value (line 34
of the Rollback Tax Rate Worksheet), multiplying by the appropriate rate, dividing by
100 and then adding this year's frozen tax levy on homesteads of the elderly.
Additional Levy This is calculated by taking Last Year's taxable value (line 3 of Effective Tax Rate
Last Year: Worksheet), multiplying by Last Year's tax rate (line 4 of Effective Tax Rate
Worksheet) and dividing by 100.
For School Districts: This is calculated by taking Last Year's taxable value,
subtracting Last Year's taxable value for the elderly, multiplying by Last Year's tax
rate, dividing by 100 and adding Last Year's tax ceiling.
Additional Levy This is calculated by taking the current adjusted taxable value, multiplying by the
This Year: Effective Tax Rate and dividing by 100.
For School Districts: This is calculated by taking the adjusted taxable value (line 34
of the Rollback Tax Rate Worksheet), multiplying by the Effective Tax Rate, dividing
by 100 and adding This Year's tax ceiling.
COUNTIES All figures in this worksheet include ALL County Funds. Tax Levy amounts are the
ONLY: sum of each Fund's Taxable Value X each Fund's Tax Rate.
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Page 15 of 16
2019 Property Tax Rates in CITY OF SCHERTZ
This notice concerns 2019 property tax rates for CITY OF SCHERTZ. 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 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 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.
Last year's tax rate:
Last year's operating taxes
$12,449,991
Last year's debt taxes
$5,870,757
Last year's total taxes
$18,320,748
Last year's tax base
$3,560,191,958
Last year's total tax rate
0.514600/$100
This year's effective tax rate:
Last year's adjusted taxes
(after subtracting taxes on lost property) $18,373,254
This year's adjusted tax base
(after subtracting value of new property) $3,633,157,557
=This year's effective tax rate 0.505700/$100
This year's rollback tax rate:
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) $12,485,672
This year's adjusted tax base $3,633,157,557
=This year's effective operating rate 0.343600/$100
x 1.08 = this year's maximum operating rate 0.371000/$100
+This year's debt rate 0.165000/$100
=This year's rollback rate 0.536000/$100
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Statement of Increase/Decrease
If CITY OF SCHERTZ adopts a 2019 tax rate equal to the effective tax rate -of 0.505700 per $100 of value, taxes would increase compared
to 2018 taxes by $ 507,714.
This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations at 307
WEST COURT STREET, SEGUIN, TX 78155.
Name of person preparing this notice: DARYL JOHN
Title: TAX ASSESSOR - COLLECTOR
Date prepared: July 25, 2019
http: / /www. truth -in- taxation.com /PrintForms.aspx 8/8/2019