2018 Property Tax Rates in Henderson County Levee Improvement District #3
This notice concerns the 2018 property tax rates for
Henderson County Levee Improvement District
#3. It presents information about three tax rates. Last year’s tax rate is the actual tax 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 rule is the highest tax rate the taxing until can set before taxpayers start 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 $23,081
Last year’s debt taxes $11,737
Last year’s total taxes $34,818
Last year’s tax base $2,519,276
Last year’s total tax rate $1.382064/$100
This year’s effective tax rate:
Last year’s adjusted taxes (after subtracting taxes on lost property) $34,808
+This year’s adjusted tax hose (after subtracting value of new property) $2,452,050
-This year’s effective tax rate (Maximum rate unless unit publishes notices and holds hearings) $1.419546/$100
This year’s rollback tax rate: $23,074
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 healthcare expenditures)
This year’s adjusted tax base $2,452,050
This year’s effective operating rate $0.941009/$100
1.08=this year’s maximum operating rate $1.016289/$100
This year’s debt rate $0.503883/$100
This year’s total rollback rate $1.520172/$100
State of Increase/Decrease
If Henderson County Levee Improvement District #3 adopts a 2018 tax rate equal to the effective tax rate of $1.419546 per $100 per value taxes would increase compared to 2017 taxes by $363.
Schedule A - Unencumbered Fund Balance
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. Tax of Property Tax Fund Balance 0
Schedule B - 2018 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).
This notice contains a summary of actual effective and rollback tax rates’ calculations. You can inspect a copy of the full calculations at 125 N. Prairieville, Athens, TX 75751.
Name of person preparing this notice: Cindy Edwards Title: Bookkeeper Date Prepared: 08/06/2018