NOTICE About 2022 Tax Rates
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 |