NOTICE About 2022 Tax Rates

NOTICE About 2022 Tax Rates
August 05, 2022

Notice About 2022 Tax Rates 

Property Tax Rates in CITY OF BELTON
This notice concerns the  2022 property tax rates for CITY OF BELTON.

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 $0.559414/$100

This year's voter-approval tax rate is $0.619600/$100

To see the full calculations, please visit www.texas.gov\propertytaxes 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

Maintenance & Operation Fund

6,213,119

Interest & Sinking Fund

0

 

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 (or additional sales tax revenues, if applicable).

Description of Debt

Principal or Contract Payment to be Paid From Property Taxes

Interest to be Paid From Property Taxes

Other Amounts to be Paid

Total Payment

2003 General Obligation

200,000

8,300

0

208,300

2005 General Obligation

265,000

19,647

0

284,647

2008 Certificates of Obligation

85 ,387

23,955

0

109,342

2015 Certificates of Obligation

50,000

20,950

0

70,950

2017 G.O. Refunding

170,000

16,430

0

186,430

2018 Certificates of Obligation

40 ,000

66,800

0

106,800


Notice of Tax Rates

Total required for 2022 debt service is $  1,188,169

  • Amount (if any) paid from funds listed in unencumbered funds is $0
  • Amount (if  any)  paid  from  other  resources  is $0
  • Excess collections last year is $0
    • Total to be paid from taxes in 2022 is $1,188,169
    • Amount added in anticipation that the taxing unit will collect only 100% of its taxes in   2022 is $0
    • Total Debt Levy is  $ $1,188,169

Current Year Debt Service Extended Table

 The following amounts are for long-term debts that are secured by property taxes. These amounts will be paid from upcoming 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 be Paid From Property Taxes

Other Amounts to be Paid

Total Payment

2019 G.O Refunding

$65,000

$156,700

$0

$221,700

PDF version of Notice About 2022 Tax Rates