50-212
Notice About 2023 Tax Rate
Property Tax Rates in the City of Schertz
This notice concerns the 2023 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.4553/$100
This year’s voter-approval tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.4872/$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.
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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
$923,165
General Fund
$15,903,826
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
370,000
56,370
0
426,370
GO 2014R
800,000
219,525
0
1,019,525
GO 2015R
0
37,050
0
37,050
GO 2016
265,000
111,206
0
376,206
CO 2016A
70,000
27,319
0
97,319
CO 2016B
65,000
36,438
0
101,438
CO 2017
325,000
93,800
0
418,800
GO 2017
175,000
89,850
0
264,850
CO 2018
270,000
138,013
0
408,013
GO 2018
250,000
160,694
0
410,694
GO 2018R
610,000
60,844
0
670,844
CO 2019
280,000
95,675
0
375,675
GO 2020R
970,000
135,463
0
1,105,463
GO 2021R
360,000
110,600
0
470,600
CO 2022
180,000
157,650
0
337,650
CO 2022A
265,000
350,723
0
615,723
GO 2022
595,000
786,725
0
1,381,725
Total required for debt service. . . . . . . . . . . . . . . . . . . . . . . .. . . $ 8,517,945
Amount (if any) paid from funds listed in unencumbered funds . . . . . . . . . . $ 0,00
Amount (if any) paid from other resources . . . . . . . . . . . . . . . . . . . . . . . . . . $ 100,000
– Excess collections last year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0
= Total to be paid from taxes in . . . . . . . . . . . . . . . . . . . . . . $ 8,417,945
(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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,417,945