(Note: School districts are not required to publish
an effective tax rate. School districts may complete this part, at
their option, or may skip to the Rollback Tax Rate Worksheet.)
1.
2004 total taxable value.
Enter the amount of 2004 taxable value on the 2004 tax roll
today. Include any adjustments since last year's
certification; exclude the Section 25.25(d) one-third
over-appraisal corrections from these adjustments. This value
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).
$586,456,243
2.
2004 tax ceilings. School
Districts, Counties, Cities and Junior College Districts.
Enter 2004 total taxable value of homesteads with tax
ceilings. These include homesteads of homeowners age 65 or
older or disabled. Other units enter "0". If your taxing units
adopted the tax ceiling provision in 2004 for homeowners 65 or
older or disabled, use this step.
$0
3.
Preliminary 2004 adjusted
taxable value. Subtract line 2 from line 1.
$586,456,243
4.
2004 total tax rate.
0.740000/$100
5.
2004 taxable value lost
because court appeals of ARB decisions reduced 2004
appraised value.
A. Original 2004 ARB
values:
$0
B. 2004 values resulting
from final court decisions:
- $0
C. 2004 value loss. Subtract
B from A:
$0
6.
2004 taxable value,
adjusted for court-ordered reductions. Add line 3 and line
5C.
$586,456,243
7.
2004 taxable value
of property in territory the unit deannexed after January 1,
2004. Enter the 2004 value of property in deannexed
territory.
$0
8.
2004 taxable value lost
because property first qualified for an exemption in
2005. 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
exemptions or tax abatements.
A. Absolute exemptions. Use
2004 market value:
$0
B. Partial exemptions. 2005
exemption amount, or 2005 percentage exemption times
2004 value:
+
$1,220,171
C. Value loss. Total of A and
B:
$1,220,171
9.
2004 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 2005. Use only those properties
that first qualified in 2005; do not use properties that
qualified in 2004.
A. 2004 market value:
$981,267
B. 2005 productivity or
special appraised value:
-
$51,351
C. Value loss. Subtract B
from A:
$929,916
10.
Total adjustments for lost
value. Add lines 7, 8C, and 9C.
$2,150,087
11.
2004 adjusted taxable
value. Subtract line 10 from line 6.
$584,306,156
2005 Effective Tax Rate Worksheet (continued)
City of Taylor'
12.
Adjusted 2004 taxes.
Multiply line 4 times line 11 and divide by $100.
$4,323,865
13.
Taxes refunded for years
preceding tax year 2004: Enter the amount of taxes
refunded during the last budget year for tax years preceding
tax year 2004. Types of refunds include court decisions,
Section 25.25(b) and (c) corrections, and Section 31.11
payment errors. Do not include refunds for tax year 2004. This
provision applies only to tax years preceding tax year 2004.
$11,329
14.
Taxes in tax increment
financing (TIF) for tax year 2004: 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 2005 captured
appraised value in line 16D, enter "0". This does not
apply to school districts.
$0
15.
Adjusted 2004 taxes with
refunds. Add lines 12 and 13, subtract line 14.
$4,335,194
16.
Total 2005 taxable value
on the 2005 certified appraisal roll today. This
value includes only certified values and includes the
total taxable value of over-65 homesteads with school
tax ceilings (will deduct in Line 18). These homesteads
include homeowners age 65 or older or disabled.
A. Certified values
only:
$546,311,178
B. Counties: Include
railroad rolling stock values certified by the
Comptroller's office:
+ $0
C. Pollution control
exemption: Deduct the value of property exempted for
the current tax year for the first time as pollution
control property (use this line based on attorney's
advice):
- $0
D. Tax Increment
Financing: Deduct the 2005 captured appraised value
of property taxable by a taxing unit in a tax increment
financing zone for which the 2005 taxes will be
deposited into the tax increment fund. Do not include
any new property value that will be included in line 21
below. Step D does not apply to school districts.
- $0
E. Total 2005 value.
Add A and B, then subtract C and D:
$546,311,178
17.
Total 2005 taxable value
of properties under protest or not included on certified
appraisal roll.
A. 2005 taxable value of
properties under protest. The chief appraiser
certifies a list of properties still under ARB protest.
The list shows the 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.
$41,185,328
$41,185,328
2005 Effective Tax Rate Worksheet (continued)
City of Taylor'
17 cont.
B. 2005 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.
$0
C. Total value under
protest or not certified. Add A and
B:
$41,185,328
18.
2005 tax ceilings. Enter
2005 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 2004 for homeowners age 65 or
older or disabled, use this step.
$0
19.
2005 total taxable value.
Add lines 16E and 17. Subtract line 18.
$587,496,506
20.
Total 2005 taxable value of
properties in territory annexed after January 1, 2004.
Include both real and personal property. Enter the 2005 value
of property in territory annexed, including any territory
annexed by the school district.
$0
21.
Total 2005 taxable value of
new improvements and new personal property located in new
improvements. "New" means the item was not on the
appraisal roll in 2004. An improvement is a building,
structure, fixture, or fence erected on or affixed to land. A
transportable structure erected on its owner's land is also
included unless it is held for sale or is there only
temporarily. 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 unit after January 1, 2004 and be located in a new
improvement. New improvements does include property on which a
tax abatement agreement has expired for 2005. New improvements
do not include mineral interests produced for the first time,
omitted property that is back assessed and increased
appraisals on existing property.
$24,805,871
22.
Total adjustments to the 2005
taxable value. Add lines 20 and 21.
$24,805,871
23.
2005 adjusted taxable
value. Subtract line 22 from line 19.
$562,690,635
24.
2005 effective tax rate.
Divide lines 15 by line 23 and multiply by $100.
$0.770440/$100
25.
COUNTIES ONLY. Add
together the effective tax rates for each type of tax
the county levies. The total is the 2005 county
effective tax rate.
$/$100
2005 Effective Tax Rate Worksheet (concluded)
City of Taylor'
A county, city, or
hospital district that adopted the additional sales tax in
August or November 2004, or in January or May 2005, must
adjust its effective tax rate. The Additional Sales Tax
Rate Worksheet, immediately following the rollback
worksheet, sets out this adjustment. Do not forget to complete
the Additional Sales Tax Rate Worksheet if the taxing
unit adopted the additional sales tax on these dates.
2005 Rollback Tax Rate
Worksheet
City of Taylor'
(School districts:
Skip to line 29)
26.
2004 maintenance
and operations tax rate.
$0.569800/$100
27.
2004 adjusted taxable
value. Enter the amount from line 11.
$584,306,156
28.
2004 M&O
taxes.
A. Multiply line 26 by line
27 and divide by $100:
$3,329,376
B. Cities, counties, and
hospital districts with additional sales tax: Amount
of additional sales tax collected and spent on M&O
expenses in 2004. Enter amount from full year's sales
tax revenue spent for M&O in 2004 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:
+
$698,305
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:"
0 $0
E. Taxes refunded for
years preceding tax year 2004: Enter the amount of
M&O taxes refunded during the last budget year for
tax years preceding tax year 2004. Types of refunds
include court decisions, Section 25.25(b) and (c)
corrections, and Section 31.11 payment errors. Do not
include refunds for tax year 2004. This provision
applies only to tax years preceding tax year 2004:
+
$9,258
2005 Rollback Tax Rate Worksheet (continued)
City of Taylor'
28 cont.
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 2005
captured appraised value in Line 16D, enter "0". This
provision does not apply to school districts.
- $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.
$4,036,939
29.
SCHOOL DISTRICTS ONLY:
Complete the Texas Education Agency's worksheet entitled
Worksheet to Assist Districts in Calculating Rollback
Rate. Enter amount on line 44 of the TEA worksheet for
the 2005-06 M&O component here.
$
30.
2005 adjusted taxable
value.
A. Enter line 23 from
the Effective Tax Rate Worksheet. School
districts, enter line 19; if a school district did not
complete the Effective Tax Rate Worksheet, the
school district does the following steps (1) to (5)
below.
$562,690,635
(1) Total 2005 taxable
value on the 2005 certified appraisal roll today.
This value includes only certified values and includes
the taxable value of homesteads with school tax ceilings
for homeowners age 65 or older or disabled. Include also
the taxable value in reinvestment zone, but remember
that the unit will deposit a portion of the taxes to a
special tax increment fund.
$546,311,178
(2) Total 2005 taxable
value of properties under protest. The chief
appraiser certifies a list of properties still under ARB
protest. The list shows the 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 here.
+ $
2005 Rollback Tax Rate Worksheet (continued)
City of Taylor'
30 cont.
(3) Total 2005 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 the time
of appraisal roll certification. These properties also
are not on the list of properties that are still under
protest. On this list, 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 here.
- $
(4) 2005 taxable value
of homesteads with tax ceilings. This includes
homeowners age 65 or older or disabled.
- $0
(5) 2005 taxable
value Add lines (1), (2) and (3) and subtract (4)
and enter above at A.
B. School districts:
Subtract the 2005 captured appraised value of real
property by the school district in a tax increment
financing zone for which the 2005 taxes will be
deposited into the tax increment fund. Also, subtract
any new property value that is subject to a Chapter 313
tax limitation agreement. Other units, enter "0."
- $
C. Adjusted taxable
value. Subtract B from A:
$562,690,635
31.
2005 effective
maintenance and operations tax rate. Divide line 28H by
line 30C and multiply by $100. School districts: Divide line
29 by line 30C, and multiply by $100.
$0.717434/$100
32.
2005 rollback
maintenance and operation tax rate. County, cities, and
others: Multiply line 31 by 1.08. School districts: Add $0.06
to line 31. (See lines 50 to 53 for additional rate for
pollution control expenses, and lines 54 to 57 for additional
rate for school employee health program.)
$0.774828/$100
2005 Rollback Tax Rate Worksheet (continued)
City of Taylor'
33.
Total 2005 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. 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 (or additional sales tax revenue). Do not
include appraisal district budget payments. List the debt in
"Schedule B: Debt Service." If using unencumbered funds,
subtract unencumbered fund amount used from total debt and
list remainder. School districts do not have a Schedule B
requirement. School districts subtract state aid received for
paying principal and interest on debt for facilities allotment
through the existing debt allotment (EDA) program and/or
instructional facilities (IFA) program.
$1,273,675
34.
Certified 2004 excess debt
collections. Enter the amount certified by the collector.
$0
35.
Adjusted 2005 debt.
Subtract line 34 from line 33.
$1,273,675
36.
Certified 2005 anticipated
collection rate. Enter the rate certified by the
collector. If the rate is 100 percent or greater, enter 100
percent.
100.000000%
37.
2005 debt adjusted for
collections. Divide line 35 by line 36.
$1,273,675
38.
2005 total taxable value.
Enter the amount on line 19. School districts enter line 30C.
$587,496,506
39.
2005 debt tax
rate. Divide line 37 by line 38 and multiply by $100.
$0.216797/$100
40.
2005 rollback tax
rate. Add lines 32 and 39.
$0.991625/$100
41.
COUNTIES ONLY. Add
together the rollback tax rates for each type of tax the
county levies. The total is the 2005 county rollback tax
rate.
$/$100
Any taxing unit that has adopted the additional
sales tax must complete the Additional Sales Tax Rate
Worksheet. A taxing unit seeking additional rollback protection
for pollution control expenses completes the Additional Rollback
Protection for Pollution Control Worksheet. A school district
seeking additional rollback protection for expenses with the school
employee health program completes the Additional Rollback
Protection for School Employee Health
Program.
Additional Sales Tax Rate Worksheet
City of Taylor'
42.
Units that adopted the
sales tax in August or November 2004, or in January or May 2005.
Enter the Comptroller's estimate of taxable sales for the previous
four quarters. Units that adopted the sales tax before August 2004,
skip this line.
$0
43.
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.
UNITS THAT ADOPTED THE SALES TAX IN AUGUST OR
NOVEMBER 2004, OR IN JANUARY OR MAY 2005. Multiply the amount on
line 42 by the sales tax rate (.01, .005, or .0025, as applicable)
and multiply the result by .95.
OR
UNITS THAT
ADOPTED THE SALES TAX BEFORE AUGUST 2004. Enter the sales tax
revenue for the previous four quarters. Do not multiply by .95.
$698,305
44.
2005 total taxable
value. Enter the amount from line 38 of the rollback tax rate
worksheet.
$587,496,506
45.
Sales tax adjustment
rate. Divide line 43 by line 44 and multiply by $100.
$0.118861/$100
46.
2005 effective tax rate,
unadjusted for sales tax. Enter the rate from line 24 or 25, as
applicable, on the effective tax rate worksheet.
$0.770440/$100
47.
2005 effective tax
rate, adjusted for sales tax.
UNITS THAT ADOPTED
THE SALES TAX IN AUGUST OR NOVEMBER 2004, OR IN JANUARY OR MAY
2005. Subtract line 45 from line 46.
OR
UNITS THAT ADOPTED THE SALES TAX BEFORE AUGUST 2004.
Enter line 46, do not subtract.
$0.770440/$100
48.
2005 rollback tax rate,
unadjusted for sales tax. Enter the rate from line 40 or 41, as
applicable, of the rollback tax rate worksheet.
$0.991625/$100
49.
2005 rollback tax rate,
adjusted for sales tax. Subtract line 45 from line 48.
$0.872764/$100
If the additional
sales tax rate increased or decreased from last year, contact
the Comptroller's office for special instructions on
calculating the sales tax projection for the first year after
the rate change.
2005 Notice of
Effective Tax Rate
Worksheet for
Calculation of Tax Increase/Decrease
Entity Name: City of Taylor'
Date: 08/08/2005
1.
2004 taxable value, adjusted for court-ordered
reductions. Enter line 6 of the Effective Tax Rate Worksheet.
$586,456,243
2.
2004 total tax rate. Enter line 4 of the Effective Tax Rate
Worksheet.
0.740000
3.
Taxes refunded for years preceding tax year 2004. Enter line
13 of the Effective Tax Rate Worksheet.
$11,329
4.
Last year's levy. Multiply Line 1 times Line 2 and divide by
100. To the result, add Line 3.
$4,351,105
5.
2005 total taxable value. Enter Line 19 of the Effective Tax
Rate Worksheet.
$587,496,506
6.
2005 effective tax rate. Enter line 24 of the Effective Tax
Rate Worksheet or Line 47 of the Additional Sales Tax Rate
Worksheet.
0.770440
7.
2005 taxes if a tax rate equal to the effective tax rate is
adopted. Multiply Line 5 times Line 6 and divide by 100.
$4,526,308
8.
Last year's total levy. Sum of line 4 for all funds.
$4,351,105
9.
2005 total taxes if a tax rate equal to the effective tax rate
is adopted. Sum of line 7 for all funds.
$4,526,308
10.
Tax Increase (Decrease). Subtract Line 8 from Line 9.
$175,203
2005 Property Tax Rates in City of Taylor'
This notice concerns 2005 property tax rates for City of
Taylor'. 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
$3,341,628
Last year's debt taxes
$998,149
Last year's total taxes
$4,339,777
Last year's tax base
$586,456,243
Last year's total tax rate
0.740000/$100
This year's effective tax rate:
Last year's adjusted taxes (after subtracting taxes on
lost property)
$4,335,194
÷
This year's adjusted tax base (after subtracting value
of new property)
$562,690,635
=
This year's effective tax rate
0.770440/$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)
$4,036,939
÷
This year's adjusted tax base
$562,690,635
=
This year's effective operating rate
0.717434/$100
×
1.08 = this year's maximum operating rate
0.774828/$100
+
This year's debt rate
0.216797/$100
=
This year's rollback rate
0.991625/$100
-
Sales tax adjustment rate
0.118861/$100
=
Rollback tax rate
0.872764/$100
Statement of
Increase/Decrease If City of Taylor' adopts a 2005 tax rate
equal to the effective tax rate of 0.770440 per $100 of value, taxes would
increase compared to 2004 taxes by $ 175,203.
Schedule A: Unencumbered Fund
Balances: 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
1,506,540
Debt Service Fund
110,812
Schedule B: 2005 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).
Description of Debt
Principal or Contract
Payment to be Paid from Property Taxes
Interest to to be Paid
from Property Taxes
Other Amounts to be
Paid
Total Payment
GO Series 1998
170,000
150,783
0
320,783
CO Series 1999
45,996
27,690
0
73,686
GO Series 2000
95,000
109,099
0
204,099
CO Series 2000
12,446
14,099
0
26,545
GO Ref 2002
66,385
68,068
0
134,453
Lmt Tax Notes 2002
90,000
15,600
0
105,600
CO Series 2003
58,014
61,887
0
119,901
GO Series 2005
65,000
223,608
0
288,608
Total required for 2005 debt
service
$1,273,675
-
Amount (if any) paid from funds
listed in Schedule A
$0
-
Amount (if any) paid from other
resources
$0
-
Excess collections last year
$0
=
Total to be paid from taxes in
2005
$1,273,675
+
Amount added in anticipation that
the unit will collect only 100.000000% of its taxes in 2005
$0
=
Total Debt Levy
$1,273,675
Schedule C - Expected Revenue from
Additional Sales Tax (For hospital districts, cities and counties
with additional sales tax to reduce property taxes) In calculating its
effective and rollback tax rates, the unit estimated that it will receive $
698,305 in additional sales and use tax revenues. For County: The county
has excluded any amount that is or will be distributed for economic development
grants from this amount of expected sales tax revenue.
This notice contains a summary of actual effective
and rollback tax rates' calculations. You can inspect a copy of the full
calculations at 904 S. Main St, Geogetown, TX 78626. Name of person preparing
this notice: Deborah M. Hunt, CTA Title: Williamson County Tax
Assessor-Collector Date prepared: August 1, 2005