Finance - 2014 property tax rates - 8-6-14PUBLISHER'S AFFIDAVIT OF PUBLICATION
THE STATE OF TEXAS, County of Walker
I, Rita Haldeman, of the aforesaid County and State, do solemnly swear that I am the Publisher
of The Huntsville Item, a daily newspaper of general circulation
which has been continuously and regularly published at Huntsville, Walker
County, Texas, and is a legal newspaper and the attached notice was published
in said newspaper.
City of Huntsville 1 consecutive/subsquent dates previous
to the return day therof to wit:
On 6 -Aug 2014 On 2014
On
2014 On 2014
On
2014 On 2014
On
2014 On 2014
Subscribed and sworn to this 6th
(Seal)
Publisher
day of August 2014
Notary Public, Walker County, Texas
NINA HANSEN
My Commission Expires
January 27, 2017
Page 1 of 1
Nina Hansen
From: "Stacey Poteete" <stacey_wcad@sbcglobal.net>
Date: Friday, August 01, 2014 3:18 PM
To: "Nina Hansen" <ninahansen@itemonline.com>
Cc: "Composition The Item" <composition@itemonline.com>
Attach: 2014 Effective Rate Publication - HC.pdf
Subject: City of Huntsville Publication Request
Nina,
I have another Effective Rate publication request - this one is for the City of Huntsville.
The publication date they are requesting is for Wednesday, August 6th if possible. If not
possible on the 6th, they are asking for the next available date.
I have Cc'd the Composition Department on this email in hopes of expediting the
request. I mention this only to avoid any duplicate publications or charges.
Please see the attachment in pdf format.
Statutory Publication Requirements:
Must be at least 8 -point type
May appear in any section of the newspaper
Please Bill To:
City of Huntsville
1212 Ave M
Huntsville TX 77340
Thank You,
Stacey
Stacey M. Poteete, Ju'A, R771, CTA
Assistant ChierAppraiser, Walker CAD
stacey wcad(i sbcglobal.net
cell: 936-577-0771
office: 936-295-0402 ext,11
fax: 936-295-0222
8/4/2014
2014 Property Tax Rates in Huntsville City
This notice concerns 2014 property tax rates for Huntsville City. 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 $3,898,320
Last year's debt taxes $1,716,863
Last year's total taxes $5,615,183
Last year's tax base $1,163,797,571
Last year's total tax rate 0.420600/$100
This year's effective tax rate:
Last year's adjusted taxes (after subtracting taxes on lost property) $4,834,255
=This year's adjusted tax base (after subtracting value of new property) $1,168,551,922
=This year's effective tax rate 0.413600/$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) $5,604,867
=This year's adjusted tax base $1,168,551,922
=This year's effective operating rate 0.479600/$100
x1.08 = this year's maximum operating rate 0.517900/$100
+This year's debt rate 0.124400/$100
=This year's rollback rate 0.642300/$100
A hospital district or city that collects the additional sales tax to reduce property taxes, including one that collects
the tax for the first time this year, must insert the following lines:
-Sales tax adjustment rate 0.190400/$100
=Rollback tax rate 0.451900/$100
Statement of Increase/Decrease
If Huntsville City adopts a 2014 tax rate equal to the effective tax rate of 0.413600 per $100 of value, taxes would increase
compared to 2013 taxes by $ 19,754.
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 9,650,410
Street Fund 500,400
Debt Service Fund 300,000
Schedule B: 2014 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 Principal or Contract Interest to be Paid from Other Amounts to Total Payment
of Debt Payment to be Paid from Property Taxes be Paid
Property Taxes
Capital 1,591,069 483,674 0 2,074,743
Projects
Total required for 2014 debt service $2,074,743
Amount (if any) paid from funds listed in Schedule A $266,000
Amount (if any) paid from other resources $325,000
Excess collections last year $0
Total to be paid from taxes in 2014 $1,483,743
+ Amount added in anticipation that the unit will collect only 100.000000% of its taxes in 2014 $0
= Total Debt Levy $1,483,743
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 $ 2,269,585 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 1819 Sycamore, Huntsville, TX 77340.
Name of person preparing this notice: Stacey M. Poteete
Title: Asst. Chief Appraiser
Date prepared: July 31, 2014
i
2014 Property Tax Rates in Huntsville City
This notice concerns 2014 property tax rates for Huntsville City. It presents information about three tax rates. Las'
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 sante total taxes as last year if you compare properties taxed in both years. This year's
rollback lax rate is the highest tax rate the taxing unit can set before taxpayers can start tax rollback procedures. 1n
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 $3,898,32
Last year's debt taxes $1,716,86
Last year's total taxes $5,615,18
Last year's tax base $1,163,797,5
Last year's total tax rate 0.4206001$101
This year's effective tax rate:
Last year's adjusted taxes (after subtracting taxes on lost property)
+This year's adjusted tax base (after subtracting value of new property)
=Thus year's effective tax rate
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)
+This year's adjusted tax base
=This year's effective operating rate
x1.08 = this year's maximum operating rate
+This year's debt rale
=This year's rollback rate
A hospital district or city that collects the additional sales tax to reduce property taxes, including one that collects
the tax for the first time this year, must insert the following lines:
-Sales tax adjustment rate 0.1904001$10
=Rollback tax rate 0.4519001$10(
Statement of Increase/Decrease
If Huntsville City adopts a 2014 tax rale equal to the effective tax rale of 0.413600 per $100 of value, taxes would increase
compared to 2013 taxes by 519,754.
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
General Fund
Street Fund
Debt Service Fund
Schedule B: 2014 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).
$4,834,25
$1,168,551,92:
0.413600/$10(
$5,604,86.
$1,168,551,92;
0.479600/$10(
0.5179001$10(
0.1244001$10(
0.6423001$10(
Balance
9,650,410
500,400
300,000
Description Principal or Contract
of Debt Payment to be Paid from
Taxes
Capital 1,591,069
Projects
Total required for 2014 debt service
- Amount (if any) paid from funds listed in Schedule A
- Amount (if any) paid from other resources
- Excess collections last year
= Total to be paid from taxes in 2014
+ Amount added in anticipation that the unit will collect only 100.000000% of its taxes in 2014
= Total Debt Levy
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 $ 2,269,585 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.
Interest to be Paid from Other Amounts to
Property Taxes be Paid
483,674 0
Total Payment
2,074,743
$2,074,743
$266,000
$325,000
$0
$1,483,743
$0
S1,483,743
This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full
calculations at 1819 Sycamore, Huntsville, TX 77340
Nance of person preparing this notice: Stacey M. Poteete
Title: Asst. Chief Appraiser
Date prepared: July 31, 2014