2010 PROPERTY TAX RATES IN THE CITY OF HOUSTON THIS NOTICE CONCERNS 2010 PROPERTY TAX RATES FOR

THE CITY OF HOUSTON. 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 LAST YEAR'S DEBT TAXES LAST YEAR'S TOTAL TAXES LAST YEAR'S TAX BASE LAST YEAR'S TOTAL TAX RATE 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) = THIS YEAR'S EFFECTIVE TAX RATE $916,959,132 $689,902,146 $273,776,872 $963,679,018 $150,869,513,619 $0.638750/$100

$130,574,948,141

$0.702247/$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) ÷ THIS YEAR'S ADJUSTED TAX BASE = THIS YEAR'S EFFECTIVE OPERATING RATE x 1.08 = THIS YEAR'S MAXIMUM OPERATING RATE + THIS YEAR'S DEBT RATE = THIS YEAR'S ROLLBACK RATE STATEMENT OF INCREASE/DECREASE IF THE CITY OF HOUSTON ADOPTS A 2010 TAX RATE EQUAL TO THE EFFECTIVE TAX RATE OF $0.702247 PER $100 OF VALUE, TAXES WOULD INCREASE COMPARED TO 2009 TAXES BY $14,846,684. 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 (FISCAL YEAR 2011) GENERAL DEBT SERVICE FUND (FISCAL YEAR 2011) SCHEDULE B - 2010 DEBT SERVICE BALANCE $91,000,000 $153,909,000 $656,455,170

$130,574,948,141 $0.502742/$100 $0.542961/$100 $0.175388/$100 $0.718349/$100

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.

Description of Debt Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Public Improvement Bonds Subtotal, Public Improvement Bonds General Obligation Comm Paper Public Improvement Bonds Total Pension Obligations Taxable Pension Bonds Taxable Pension Bonds Taxable Pension Bonds Taxable Pension Bonds 08A Taxable Pension Bonds 08B Taxable Pension Bonds 2010 Subtotal, Pension Obligations Tax & Revenue Certificates Tax & Revenue Certificates Tax & Revenue Certificates Tax & Revenue Certificates Tax & Revenue Certificates Tax & Revenue Certificates Tax & Revenue Certificates Subtotal, Tax & Revenue Certificates Tax Supported Debt Service Total

Series

Principal Payments 1,150,000 10,920,000 11,700,000 7,170,000 6,585,000 4,675,000 62,000,000 8,100,000 2,630,000 970,000 13,910,000 7,345,000 137,155,000 137,155,000

Scheduled Interest 1,203,125 437,025 3,129,050 5,869,188 2,612,275 3,488,525 306,875 15,249,125 8,192,163 4,976,350 398,213 4,787,000 1,085,755 6,635,500 1,589,250 2,349,425 281,438 9,538,250 16,456,025 20,217,275 4,690,288 113,492,118 13,755,000 127,247,118

Total Payments 1,203,125 1,587,025 14,049,050 17,569,188 9,782,275 10,073,525 4,981,875 77,249,125 16,292,163 4,976,350 398,213 4,787,000 1,085,755 6,635,500 4,219,250 2,349,425 1,251,438 23,448,250 16,456,025 27,562,275 4,690,288 250,647,118 13,755,000 264,402,118

1998A 2000 2001A 2001B 2002 2003A-1 2003A-2 2004A 2004B 2005A 2005B 2005E 2006B 2006D 2006E 2006F 2006G 2007A 2008A 2009A 2009B E-J

2005 2006A 2007A 2008 2008 2010

20,100,000 20,100,000

3,035,462 3,510,799 3,533,244 24,067,427 1,269,951 603,000 36,019,883

3,035,462 3,510,799 3,533,244 24,067,427 1,269,951 20,703,000 56,119,883

2001A 2002A 2005D 2006C 2007B 2010

675,000 605,000 1,970,000 3,250,000 $160,505,000

16,875 394,113 2,328,388 165,750 428,750 270,000 3,603,875 $166,870,876

691,875 999,113 4,298,388 165,750 428,750 270,000 6,853,875 $327,375,876

TOTAL REQUIRED FOR 2010 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 2010 + AMOUNT ADDED IN ANTICIPATION THAT THE UNIT WILL COLLECT ONLY 99.59% OF ITS TAXES IN 2010 = TOTAL DEBT LEVY

$327,375,876 $44,872,323 $49,958,553 $0 $232,545,000

$957,360 $233,502,360

SCHEDULE C
EXPECTED REVENUE FROM ADDITIONAL SALES TAX

$0

SCHEDULE D

STATE CRIMINAL JUSTICE MANDATE (FOR COUNTIES)

$0

SCHEDULE E
TRANSFER OF DEPARTMENT, FUNCTION OR ACTIVITY

$0

SCHEDULE F
ENHANCED INDIGENT HEALTH CARE EXPENDITURES

$0

THIS NOTICE CONTAINS A SUMMARY OF ACTUAL EFFECTIVE AND ROLLBACK TAX RATES' CALCULATIONS. YOU CAN INSPECT A COPY OF THE FULL CALCULATIONS AT THE OFFICE OF THE CITY SECRETARY ON THE PUBLIC LEVEL OF CITY HALL ANNEX AT 900 BAGBY, HOUSTON, TEXAS.

NAME OF PERSON PREPARING THIS NOTICE.................... SYLVIA SHAW TITLE …..…..…………..………...………….................….......... DEPUTY TAX ASSESSOR / COLLECTOR DATE PREPARED .....…………………………...………................. …SEPTEMBER 23, 2010

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