2005 Effective Tax Rate Worksheet
City of Taylor'
 
(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