50-212 NOTICE ABOUT 2022 TAX RATE50-212 • 08-20/18
Notice About 2022 Tax Rate
Property Tax Rates in the City of Schertz
This notice concerns the 2022 property tax rates for the City of Schertz
This notice provides information about two tax rates used in adopting the current tax year’s tax rate. The no-new-revenue tax rate would Impose the same
amount of taxes as last year if you compare properties taxed in both years. In most cases, the voter-approval tax rate is the highest tax rate a taxing unit
can adopt without holding an election. In each case, these rates are calculated by dividing the total amount of taxes by the current taxable value with
adjustments as required by state law. The rates are given per $100 of property value.
This year’s no-new-revenue tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.4526/$100
This year’s voter-approval tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.4968/$100
To see the full calculations, please visit https://www.co.guadalupe.tx.us/tax/tax.php for a copy of the Tax Rate Calculation Worksheet.
Unencumbered Fund Balances
The following estimated balances will be left in the taxing unit’s accounts at the end of the fiscal year. These balances are not encumbered by corresponding
debt obligation.
Type of Fund Balance
Interest & Sinking $1,969,637
General Fund $12,492,394
Current Year Debt Service
The following amounts are for long-term debts that are secured by property taxes. These amounts will be paid from upcoming property tax
revenues
Description of Debt Principal Interest Other Amounts Total Payment
$ $ $ $
GO 2007 355,000 71,123 0 426,123
GO 2014R 775,000 245,150 0 1,020,150
GO 2015R 0 37,050 0 37,050
GO 2016 255,000 121,606 0 376,606
CO 2016A 205,000 32,469 0 237,469
CO 2016B 65,000 38,388 0 103,388
CO 2017 315,000 103,400 0 418,400
GO 2017 170,000 95,025 0 265,025
CO 2018 260,000 151,263 0 411,263
GO 2018 205,000 172,069 0 377,069
GO 2018R 595,000 73,617 0 668,617
CO 2019 275,000 106,800 0 381,800
GO 2020R 960,000 174,063 0 1,134,063
GO 2021R 350,000 124,800 0 474,800
CO 2022 175,000 166,525 0 341,525
50-212 • 08-20/18
CO 2022A 595,000 0 0 595,000
GO 2022 1,333,900 0 0 1,333,900
– Total required for debt service. . . . . . . . . . . . . . . . . . . . . . . .. . . $ 8,602,248
– Amount (if any) paid from funds listed in unencumbered funds . . . . . . . . . . $ 730,143
– Amount (if any) paid from other resources . . . . . . . . . . . . . . . . . . . . . . . . . . $ 100,000
– Excess collections last year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0
= Total to be paid from taxes in . . . . . . . . . . . . . . . . . . . . . . $ 8,602,248
(current year)
+ Amount added in anticipation that the taxing unit will collect
only % of its taxes in . . . . . . . . . . . . . . . . . . . . . $ 0
(collection rate) (current year)
= Total Debt Levy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,602,248