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SCHERTZ 2020 Tax Rate CalculationPage 1 of 18 TNT -856 06 -20/6 2020 Tax Rate Calculation Worksheet CITY OF SCHERTZ No- New- Revenue Tax Rate The NNR 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 NNR tax rate should decrease. The NNR tax rate for a county is the sum of the NNR tax rates calculated for each type of tax the county levies. While uncommon, it is possible for a taxing unit to provide an exemption for only maintenance and operations taxes. In this case, the taxing unit will need to calculate the NNR tax rate separately for the maintenance and operations tax and the debt tax, then add the two components together. 1. 2019 total taxable value. Enter the amount of 2019 taxable value on the 2019 tax roll today. Include any adjustments since last year's certification; exclude Tax Code Section 25.25(d) one -fourth and one -third over - appraisal corrections from these adjustments. Exclude any property value subject to an appeal under Chapter 42 as of July 25 (will add undisputed value in Line 6). 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 17).' $4,228,954,779 2. 2019 tax ceilings. Counties, Cities and Junior College Districts. Enter 2019 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 2019 or prior year for homeowners age 65 or older or disabled, use this step.Z $474,149,022 3. Preliminary 2019 adjusted taxable value. Subtract line 2 from line 1. $3,754,805,757 4. 2019 total adopted tax rate. $0.514600/$100 5. 2019 taxable value lost because court appeals of ARB decisions reduced 2019 appraised value. A. Original 2019 ARB values: $9,686,000 B. 2019 values resulting from final court decisions: - $8,606,000 C. 2019 value loss. Subtract B from A.3 $1,080,000 6. 2019 taxable value subject to an appeal under Chapter 42, as of July 25. A. 2019 ARB certified value: $0 B. 2019 dispuated value: _$0 C. 2019 undisputed value. Subtract B from A.4 $0 7. 2019 Chapter 42 related adjusted values. Add line 5 and line 6. $1,080,000 8. 2019 taxable value, adjusted for actual and potential court- ordered adjustments. Add line 3 and line 7. $3,755,885,757 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(13) http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020 Page 2 of 18 2020 Tax Rate Calculation Worksheet CITY OF SCHERTZ No- New - Revenue Tax Rate (continued) 9. 2019 taxable value of property in territory the taxing unit deannexed after January 1, 2019. Enter the 2019 value of property in deannexed territory.5 $0 10. 2019 taxable value lost because property first qualified for an exemption in 2020. 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, goods -in- transit, temporary disaster exemptions. Note that lowering the amount or percentage of an existing exemption in 2020 does not create a new exemption or reduce taxable value. A. Absolute exemptions. Use 2019 market value: $1,938,702 B. Partial exemptions. 2020 exemption amount or 2020 percentage exemption times 2019 value: + $24,953,982 C. Value loss. Add A and B.5 $26,892,684 11. 2019 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 2020. Use only those properties that first qualified in 2020; do not use properties that qualified in 2019. A. 2019 market value: $542,320 B. 2020 productivity or special appraised value: -$540 C. Value loss. Subtract B from A.7 $541,780 12. Total adjustments for lost value. Add lines 9, 10C and 11 C. $27,434,464 13. Adjusted 2019 taxable value. Subtract line 12 from line 8. $3,728,451,293 14. Adjusted 2019 total levy. Multiply line 4 by line 13 and divide by $100. $19,186,610 15. Taxes refunded for years preceding tax year 2019. Enter the amount of taxes refunded by the taxing unit for tax years preceding tax year 2019. 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 2019. This line applies only to tax years preceding tax year 2019.8 $40,319 16. Taxes in tax increment financing (TIF) for tax year 2019. 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 2020 captured appraised value in Line 18D, enter .'0.'.9 $0 17. Adjusted 2019 levy with refunds and TIF adjustment. Add lines 14 and 15, subtract line 16.10 $19,226,929 5 Tex. Tax Code § 26.012(15) 6 Tex. Tax Code § 26.012(15) 7 Tex. Tax Code § 26.012(15) 8 Tex. Tax Code § 26.012(13) 9 Tex. Tax Code § 26.03(c) 10 Tex. Tax Code § 26.012(13) http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020 Page 3 of 18 2020 Tax Rate Calculation Worksheet CITY OF SCHERTZ No- New - Revenue Tax Rate (continued) 18. Total 2020 taxable value on the 2020 certified appraisal roll today. This value includes only certified values or certified estimate of values and includes the total taxable value of homesteads with tax ceilings (will deduct in line 20). These homesteads includes homeowners age 65 or older or disabled." A. Certified values: $4,084,425,464 B. Counties: Include railroad rolling stock values certified by the Comptroller's office: +$0 C. Pollution control and energy storage system 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 2020 captured appraised value of property taxable by a taxing unit in a tax increment financing zone for which the 2020 taxes will be deposited into the tax increment fund. Do not include any new property value that will be included in line 23 below. 12 -$0 E. Total 2020 value. Add A and B, then subtract C and D. $4,084,425,464 19. Total value of properties under protest or not included on certified appraisal rol1.13 A. 2020 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. 14 $320,953,008 B. 2020 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 of property not on the certified roll.15 +$01 11 Tex. Tax Code § 26.12, 26.04(c -2) 12 Tex. Tax Code § 26.03(c) 13 Tex. Tax Code § 26.01(c) and (d) 14 Tex. Tax Code § 26.01(c) 15 Tex. Tax Code § 26.01(d) http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020 Page 4 of 18 2020 Tax Rate Calculation Worksheet CITY OF SCHERTZ No- New- Revenue Tax Rate (concluded) 19. C. Total value under protest or not certified. Add (cont.) A and B. $320,953,008 20. 2020 tax ceilings. Counties, cities and junior colleges enter 2020 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 2019 or a prior year for homeowners age 65 or older or disabled, use this step. 16 $499,160,644 21. 2020 total taxable value. Add lines 18E and 19C. Subtract line 20.17 $3,906,217,828 22. Total 2020 taxable value of properties in territory annexed after January 1, 2019. Include both real and personal property. Enter the 2020 value of property in territory annexed.18 $46,603 23. Total 2020 taxable value of new improvements and new personal property located in new improvements. New means the item was not on the appraisal roll in 2019. 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, 2019 and be located in a new improvement. New improvements do include property on which a tax abatement agreement has expired for 2020.19 $120,678,448 24. Total adjustments to the 2020 taxable value. Add lines 22 and 23. $120,725,051 25. Adjusted 2020 taxable value. Subtract line 24 from line 21. $3,785,492,777 26. 2020 NNR tax rate. Divide line 17 by line 25 and multiply by $100.20 $0.5079/$100 27. COUNTIES ONLY. Add together the NNR tax rates for each type of tax the county levies. The total is the 2020 county NNR tax rate.21 $/$100 16 Tex. Tax Code § 26.012(6)(B) 17 Tex. Tax Code § 26.012(6) 18 Tex. Tax Code § 26.012(17) 19 Tex. Tax Code § 26.012(17) 20 Tex. Tax Code § 26.04(c) 21 Tex. Tax Code § 26.04(d) http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020 Page 5 of 18 2020 Tax Rate Calculation Worksheet CITY OF SCHERTZ Voter - Approval Tax Rate The voter - approval tax rate is the highest tax rate that a taxing unit may adopt without holding an election to seek voter approval of the rate. The voter - approval tax rate is split into two separate rates: 1. Maintenance and Operations (M &O) Tax Rate: 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 the applicable percentage allowed by law. This rate accounts for such things as salaries, utilities and day -to -day operations. 2. Debt Rate: The debt 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 voter - approval tax rate for a county is the sum of the voter - approval tax rates calculated for each type of tax the county levies. In most cases the voter - approval tax rate exceeds the no- new - revenue tax rate, but occasionally decreases in a taxing unit's debt service will cause the NNR tax rate to be higher than the voter - approval tax rate. 28. 2019 M &O tax rate. Enter the 2019 M &O tax rate. $0.3496/$100 29. 2019 taxable value, adjusted for actual and potential court- ordered adjustments. Enter the amount in line 8 of the No- New - Revenue Tax Rate Worksheet. $3,755,885,757 30. Total 2019 M &O levy. Multiply line 28 by line 29 and divide by $100. $13,130,576 31. Adjusted 2019 levy for calculating NNR M &O taxes. Add line 31 E to line 30. A. 2019 sales tax specifically to reduce property taxes. For cities, counties and hospital districts, enter the amount of additional sales tax collected and spent on M &O expenses in 2019, if any. Other taxing units, enter 0. Counties must exclude any amount that was spent for economic development grants from the amount of sales tax spent. , $0 B. M &O taxes refunded for years preceding tax year 2019: 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 2019. This line applies only to tax years preceding tax year 2019. +$27,123 C. 2019 taxes in TIF.: Enter the amount of taxes paid into the tax increment fund for a reinvestment zone as agreed by the taxing unit. If the taxing unit has no 2019 captured appraised value in Line 18D, enter 0. _$0 http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020 Page 6 of 18 2020 Tax Rate Calculation Worksheet CITY OF SCHERTZ Voter - Approval Tax Rate (continued) 31. D. 2019 transferred function.: If discontinuing all of (cont.) a department, function or activity and transferring it to another taxing unit by written contract, enter the amount spent by the taxing unit discontinuing the function in the 12 months preceding the month of this calculation. If the taxing unit did not operate this function for this 12 -month period, use the amount spent in the last full fiscal year in which the taxing unit operated the function. The taxing unit discontinuing the function will subtract this amount in E below. The taxing unit receiving the function will add this amount in E below. Other taxing units enter 0. +/-$0 E. 2019 M &O levy adjustments.: Add A and B, then subtract C. For taxing unit with D, subtract if discontinuing function and add if receiving function. $27,123 $13,157,699 32. Adjusted 2020 taxable value. Enter the amount in line 25 of the No- New - Revenue Tax Rate Worksheet. $3,785,492,777 33. 2020 NNR M &O rate. (unadjusted) Divide line 31 by line 32 and multiply by $100. $0.3475/$100 34. Rate adjustment for state criminal justice mandate. 23 Enter the rate calculated in C. If not applicable, enter 0. A. 2020 state criminal justice mandate. Enter the amount spent by a county in the previous 12 months providing for the maintenance and operation cost of keeping inmates in county -paid facilities after they have been sentenced. Do not include any state reimbursement received by the county for the same purpose. $0 B. 2019 criminal justice mandate. Enter the amount spent by a county in the 12 months prior to the previous 12 months providing for the maintenance and operation cost of keeping inmates in county -paid facilities after they have been sentenced. Do not include any state reimbursement received by the county for the same purpose. Enter zero if this is the first time the mandate applies. $0 C. Subtract B from A and divide by line 32 and multiply by $100. $0/$100 $0/$100 22 [Reserved for expansion] 23 Tex. Tax Code § 26.044 http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020 2020 Tax Rate Calculation Worksheet CITY OF SCHERTZ Voter - Approval Tax Rate (continued) Page 7 of 18 35. Rate adjustment for indigent health care expenditures. 24 Enter the rate calculated in C. If not applicable, enter 0. A. 2020 indigent health care expenditures. Enter the amount paid by a taxing unit providing for the maintenance and operation cost of providing indigent health care for the period beginning on July 1, 2019 and ending on June 30, 2020, less any state assistance received for the same purpose. $0 B. 2019 indigent health care expenditures. Enter the amount paid by a taxing unit providing for the maintenance and operation cost of providing indigent health care for the period beginning on July 1, 2018 and ending on June 30, 2019, less any state assistance received for the same purpose. $0 C. Subtract B from A and divide by line 32 and multiply by $100. $0/$100 $0/$100 36. Rate adjustment for county indigent defense compensation. 25 Enter the lessor of C and D. If not applicable, enter 0. A. 2020 indigent defense compensation expenditures. Enter the amount paid by a county to provide, appointed counsel for indigent individuals for the period beginning on July 1, 2019 and ending on June 30, 2020, less any state grants received by the county for the same purpose. $0 B. 2019 indigent defense compensation expenditures. Enter the amount paid by a county to provide appointed counsel for indigent individuals for the period beginning on July 1, 2018 and ending on June 30, 2019, less any state grants received by the county for the same purpose. $0 C. Subtract B from A and divide by line 32 and multiply by $100. $0/$100 D. Multiply B by 0.05 and divide by line 32 and multiply by $100. $0/$100 $0/$100 24 Tex. Tax Code § 26.0442 25 Tex. Tax Code § 26.0442 http: / /www. truth- in- taxation.com/PrintForrns.aspx 7/28/2020 Page 8 of 18 2020 Tax Rate Calculation Worksheet CITY OF SCHERTZ Voter - Approval Tax Rate (continued) 37• Rate adjustment for county hospital expenditures 26 Enter the lessor of C and D, if applicable. If not applicable, enter 0. A. 2020 eligible county hospital expenditures. Enter the amount paid by the county or municipality to maintain and operate an eligible county hospital for the period beginning on July 1, 2019 and ending on June 30, 2020 $0 B. 2019 eligible county hospital expenditures. Enter the amount paid by the county or municipality to maintain and operate an eligible county hospital for the period beginning on July 1, 2018 and ending on June 30, 2019. $0 C. Subtract B from A and divide by line 32 and multiply by $100. $0/$100 D. Multiply B by 0.08 and divide by line 32 and multiply by $100. $0/$100 $0/$100 38. Adjusted 2020 NNR M&O rate. Add lines 33, 34, 35, 36, and 37. $0.3475/$100 39. 2020 voter - approval M&O rate. Enter the rate as calculated by the appropriate scenario below. Special Taxing Unit. If the taxing unit qualifies as a special taxing unit, multiply line 38 by 1.08. Other Taxing Unit. If the taxing unit does not qualify as a special taxing unit, multiply Line 38 by 1.035 Taxing unit affected by disaster declaration. If the taxing unit is located in an area declared as disaster area, the governing body may direct the person calculating the voter - approval rate to calculate in the manner provided for a special taxing unit. The taxing unit shall continue to calculate the voter - approval rate in this manner until the earlier of 1) the second year in which total taxable value on the certified appraisal roll exceeds the total taxable value of the tax year in which the disaster occurred, and 2) the third tax year after the tax year in which the disaster occurred. If the taxing unit qualifies under this scenario, multiply line 38 by 1.08. 27 $0.3596/$100 26 Tex. Tax Code § 26.0443 27 Tex. Tax Code § 26.04(c -1) http: / /www. truth- in- taxation.com/PrintForrns.aspx 7/28/2020 Page 9 of 18 2020 Tax Rate Calculation Worksheet CITY OF SCHERTZ Voter - Approval Tax Rate (concluded) 40. Total 2020 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 taxing 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. $7,044,861 B: Subtract unencumbered fund amount used to reduce total debt. -$0 C: Subtract certified amount spent from sales tax to reduce debt (enter zero if none). -$0 D: Subtract amount paid from other resources. - $595,000 E: Adjusted debt. Subtract B, C and D from A. $6,449,861 41. Certified 2019 excess debt collections. Enter the amount certified by the collector.2e $0 42. Adjusted 2020 debt. Subtract line 41 from line 40E. $6,449,861 43. 2020 anticipated collection rate. If the anticipated rate in A is lower than actual rates in B, C or D, enter the lowest rate from B, C or D. If the anticipated rate in A is higher than at least one of the rates in the prior three years, enter the rate from A. Note that the rate can be greater than 100%.21 A. Enter the 2020 anticipated collection rate certified by the collector.30 100.0000% B. Enter the 2019 actual collection rate. 97.7400% C. Enter the 2018 actual collection rate. 99.3800% D. Enter the 2017 actual collection rate. 99.3200% 100.0000% 44. 2020 debt adjusted for collections. Divide line 42 by line 43. $6,449,861 45. 2020 total taxable value. Enter the amount on line 21 of the No -New- Revenue Tax Rate Worksheet. $3,906,217,828 46. 2020 debt rate. Divide line 44 by line 45 and multiply by $100. $0.1651/$100 47. 2020 voter - approval tax rate. Add lines 39 and 46. $0.5247/$100 48. COUNTIES ONLY. Add together the voter - approval tax rates for each type of tax the county levies. The total is the 2020 county voter - approval tax rate. $/$100 28 Tex. Tax Code § 26.012(10) and 16.04(b) 29 Tex. Tax Code § 26.04(h),(h -1) and (h -2) 30 Tex. Tax Code § 26.04(b) http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020 Page 10 of 18 2020 Tax Rate Calculation Worksheet CITY OF SCHERTZ NNR Tax Rate and Voter - Approval Tax Rate Adjustments for Additional Sales Tax to Reduce Property Taxes 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 NNR and voter - approval 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 NNR tax rate and /or voter - approval tax rate because it adopted the additional sales tax. 49. Taxable Sales. For taxing units that adopted the sales tax in November 2019 or May 2020, enter the Comptroller's estimate of taxable.sales for the previous four quarters.32 Estimates of taxable sales may be obtained through the Comptroller's Allocation Historical Summary webpage. Taxing units that adopted the sales tax before November 2019, skip this line. $0 50. 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. 33 Taxing units that adopted the sales tax in November 2019 or in May 2020. Multiply the amount on Line 49 by the sales tax rate (.01, .005, or .0025, as applicable) and multiply the result by .95. 34 -OR- Taxing units that adopted the sales tax before November 2019. Enter the sales tax revenue for the previous four quarters. Do not multiply by .95. $0 51. 2020 total taxable value. Enter the amount from line 21 of the No -New- Revenue Tax Rate Worksheet. $3,906,217,828 52. Sales tax adjustment rate. Divide line 50 by line 51 and multiply by $100. $0/$100 53. 2020 NNR tax rate, unadjusted for sales tax 35 Enter the rate from line 26 or 27, as applicable, on the No- New - Revenue Tax Rate Worksheet. $0.5079/$100 54. 2020 NNR tax rate, adjusted for sales tax. Taxing units that adopted the sales tax in November 2019 or in May 2020. Subtract line 52 from line 53. Skip to line 55 if you adopted the additional sales tax before November 2019. $0.5079/$100 55. 2020 voter - approval tax rate, unadjusted for sales tax. Enter the rate from line 47 or 48, as applicable, of the Voter - Approval Tax Rate Worksheet. $0.5247/$100 56. 2020 voter - approval tax rate, adjusted for sales tax. Subtract line 52 from line 55. $0.5247/$100 31 [Reserved for expansion] 32 Tex, Tax Code § 26.041(d) 33 Tex. Tax Code § 26.041(i) 34 Tex. Tax Code § 26.041(d) 35 Tex. Tax Code § 26.04(c) 36 Tex. Tax Code § 26.04(c) http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020 Page 11 of 18 2020 Tax Rate Calculation Worksheet CITY OF SCHERTZ De Minimis Rate The de minimis rate is the rate equal to the sum of the no- new - revenue maintenance and operations rate, the rate that will raise $500,000, and the current debt rate for a taxing unit. 42 This section should only be completed by a taxing unit that is a municipality of less than 30,000 or a taxing unit that does not meet the definition of a special taxing unit. 43 66. Adjusted 2020 NNR M&O tax rate. Enter the rate from line 38 of the Voter - Approval Tax Rate Worksheet. $0.3475/$100 67. 2020 total taxable value. Enter the amount from line 21 of the No -New- Revenue Tax Rate Worksheet. $3,906,217,828 68. Rate necessary to impose $500,000 in taxes. Divide $500,000 by line 67 and multiply by $100. $0.0128/$100 69. 2020 debt rate. Enter the rate from line 46 of the Voter - Approval Tax Rate Worksheet. $0.1651/$100 70. De minimis rate. Add lines 66,68, and 69. $0.5254/$100 42 Tex. Tax Code § 26.012(8 -a) 43 Tex. Tax Code § 26.063(a)(1) http: / /www. truth- in- taxation.com/PrintFonns.aspx 7/28/2020 Page 12 of 18 Total Tax Rate Indicate the applicable total tax rates as calculated above. No- New - Revenue tax rate. As applicable, enter the 2020 NNR tax rate from: line 26, line 27 (counties), or line 54 (adjusted for sales tax). $0.5079/$100 Voter - approval tax rate. As applicable, enter the 2020 voter - approval tax rate from: line 47, line 48 (counties), line 56 (adjusted for sales tax), line 60 (adjusted for pollution control), or line 65 (adjusted for unused increment). $0.5247/$100 De minimis rate. If applicable, enter the de minimis rate from line 70. $0.5254/$100 http: / /www. truth- in- taxation.com/PrintForrns.aspx 7/28/2020 Page 13 of 18 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. By signing below, you certify that you are the designated officer or employee of the taxing unit and have calculated the tax rates in accordance with requirements in Tax Code. 44 Print Here Printed Name of Taxing Unit Representative Sign Here Taxing Unit Representative Date 44 Tex. Tax Code § 26.04(c) http: / /www. truth- in- taxation.com/PrintFonns.aspx 7/28/2020 Page 14 of 18 2020 Notice of No- New - Revenue Tax Rate Worksheet for Calculation of Tax Increase/Decrease Entity Name: CITY OF SCHERTZ Date: 07/28/2020 1.2019 taxable value, adjusted for court- ordered reductions. Enter line 8 of the No- New - Revenue Tax Rate Worksheet. $3,755,885,757 2.2019 total tax rate. Enter line 4 of the No- New - Revenue Tax Rate Worksheet. 0.514600 3.Taxes refunded for years preceding tax year 2019. Enter line 15 of the No- New - Revenue Tax Rate Worksheet. $40,319 4.Last year's levy. Multiply Line 1 times Line 2 and divide by 100. To the result, add Line 3. $19,368,107 5.2020 total taxable value. Enter Line 21 of the No- New - Revenue Tax Rate Worksheet. $3,906,217,828 6.2020 no -new tax rate. Enter line 26 of the No- New - Revenue Tax Rate Worksheet or Line 54 of the Additional Sales Tax Rate Worksheet. 0.507900 7.2020 taxes if a tax rate equal to the no- new - revenue tax rate is adopted. Multiply Line 5 times Line 6 and divide by 100. $19,839,680 8.Last year's total levy. Sum of line 4 for all funds. $19,368,107 9.2020 total taxes if a tax rate equal to the no- new - revenue tax rate is adopted. Sum of line 7 for all funds. $19,839,680 10.Tax Increase (Decrease). Subtract Line 8 from Line 9. $471,573 http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020 Page 15 of 18 CITY OF SCHERTZ Tax Rate Recap for 2020 Tax Rates No- New - Revenue Tax Rate Increase in Cents per $100 0.00 0.507900 Tax Levy - 95,713 0 0.50 0.512900 This is calculated using 93,562 Additional Tax Levy 1.00 Tax Rate the Total Adjusted Additional Tax Lev y Compared to no -new- Description of Rate Per $100 Taxable Value (line 25) Year's Compared to last , revenue tax rate le w of 2.00 0.527900 of the No- New - Revenue tax lew of 19,322,230 19,226,518 2.50 0.532900 Tax Rate Worksheet 850,661 946,373 Last Year's Tax Rate 0.514600 $19,480,146 $157,915 $253,628 No- New- Revenue Tax Rate 0.507900 $19,226,518 $- 95,713 $0 Notice & Hearing Limit* 0.507900 $19,226,518 $- 95,713 $0 Voter - Approval Tax Rate 0.524700 $19,862,481 $540,2501 $635,963 Proposed Tax Rate 1 0.0000001 $0 $49,322,2301 $49,226,518 No- New - Revenue Tax Rate Increase in Cents per $100 0.00 0.507900 19,226,518 - 95,713 0 0.50 0.512900 19,415,792 93,562 189,275 1.00 0.517900 19,605,067 282,837 378,549 1.50 0.522900 19,794,342 472,111 567,824 2.00 0.527900 19,983,616 661,386 757,099 2.50 0.532900 20,172,891 850,661 946,373 3.00 0.537900 20,362,166 1,039,935 1,135,648 3.50 0.542900 20,551,440 1,229,210 1,324,922 4.00 0.547900 20,740,715 1,418,484 1,514,197 4.50 0.552900 20,929,990 1,607,759 1,703,472 5.00 0.557900 21,119,264 1,797,034 1,892,746 5.50 0.562900 21,308,539 1,986,308 2,082,021 6.00 0.567900 21,497,813 2,175,583 2,271,296 6.50 0.572900 21,687,088 2,364,858 2,460,570 7.00 0 '.577900 21,876,363 2,554,132 2,649,845 7.50 0.582900 22,065,637 2,743,407 2,839,120 8.00 0.587900 22,254,912 2,932,682 3,028,394 8.50 0.592900 22,444,187 3,121,956 3,217,669 9.00 0.597900 22,633,461 3,311,231 3,406,943 9.50 0.602900 22,822,736 3,500,506 3,596,218 10.00 0.607900 23,012,011 3,689,780 3,785,493 10.50 0.612900 23,201,285 3,879,055 3,974,767 11.00 0.617900 23,390,560 4,068,329 4,164,042 11.50 0.622900 23,579,835 4,257,604 4,353,317 12.00 0.627900 23,769,109 4,446,879 4,542,591 12.50 0.632900 23,958,384 4,636,153 4,731,866 13.00 0.637900 24,147,658 4,825,428 4,921,141 13.50 0.642900 24,336,933 5,014,703 5,110,415 14.00 0.647900 24,526,208 5,203,977 5,299,690 14.50 1 0,6529001 24,715,4821 5,393,252 5,488,965 • *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 voter - approval tax rate or the no- new - revenue tax rate. http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020 Page 16 of 18 Tax Levy: This is calculated by taking the adjusted taxable value (line 25 of No- New - Revenue Tax Rate Worksheet), multiplying by the appropriate rate, such as the No -New- Revenue Tax Rate and dividing by 100. For School Districts: This is calculated by taking the adjusted taxable value (line 34 of the Voter - Approval 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 No- New - Revenue Tax Last Year: Rate Worksheet), multiplying by Last Year's tax rate (line 4 of No- New - Revenue 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 No- This Year: New - Revenue Tax Rate and dividing by 100. For School Districts: This is calculated by taking the adjusted taxable value (line 34 of the Voter- Approval Tax Rate Worksheet), multiplying by the No- New - Revenue 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. http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020 Page 17 of 18 2020 Property Tax Rates in CITY OF SCHERTZ This notice concerns 2020 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 $14,062,041 Last year's debt taxes $6,636,833 Last year's total taxes $20,698,874 Last year's tax base $3,728,451,293 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) $19,226,929 This year's adjusted tax base (after subtracting value of new property) $3,785,492,777 =This year's effective tax rate 0.507900/$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) $13,157,699 This year's adjusted tax base $3,785,492,777 =This year's effective operating rate 0.347500/$100 X 1.08 = this year's maximum operating rate 0.359600/$100 +This year's debt rate 0.165100 /$100 =This year's rollback rate 0.524700/$100 http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020 Page 18 of 18 Statement of Increase/Decrease If CITY OF SCHERTZ adopts a 2020 tax rate equal to the effective tax rate of 0.507900 per $100 of value, taxes would increase compared to 2019 taxes by $ 471,573. This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations at. Name of person preparing this notice: Title: Date prepared: http: / /www. truth- in- taxation.com/PrintForms.aspx 7/28/2020