Notice About 2020 Tax Rates

Property Tax Rates in City of Baytown

This notice concerns the 2020 property tax rates for City of Baytown. This notice provides information about two tax rates. The no-new-revenue tax rate would impose the same amount of taxes as last year if you compare properties taxed in both years. 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: $0.84881
This year's voter-approval tax rate: $0.82077

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 FundBalance
 General Fund $27,231,970
 Debt Service $7,275,255

Current Year 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 upcoming property tax revenues (or additional sales tax revenues, if applicable).

Current Year 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 upcoming property tax revenues (or additional sales tax revenues, if applicable).

Description of DebtPrincipal or Contract
Payment to be Paid from
Property Taxes
Interest to be Paid from
Property Taxes
Other Amounts to be
Paid
Total Payment
General Obligation
Refunding Bonds Series
2019A
 $1,160,000 $323,850 $0 $1,483,850
Combination Tax &
Revenue Certificates of
Obligation Series 2019A
 $1,490,000 $214,750 $0 $1,704,750
General Obligation
Refunding Bonds Series
2019
 $185,000 $69,000 $0 $254,000
Combination Tax &
Revenue Certificates of
Obligation Series 2017
 $1,645,000 $563,475 $0 $2,208,475
General Obligation
Refunding Bonds Series
2016
 $664,664 $249,661$0 $914,325
General Obligation &
Refunding Bonds Series
2015
 $813,898 $359,443 $0 $1,173,341
Combination Tax &
Revenue Certificates of
Obligation Series 2015
 $280,000 $188,293 $0 $468,293
General Obligation &
Refunding Bonds Series
2014
 $1,382,547 $483,403 $0 $1,865,950
General Obligation Bonds
Series 2013
 $760,000 $360,875 $0 $1,120,875
General Obligation &
Refunding Bonds Series
2012
 $1,588,835 $373,346$0 $1,962,181
Tax-Exempt Lease-
Purchase Series 2014
 $352,245 $10,578 $0 $362,823
Combination Tax &
Revenue Certificates of
Obligation Series 2020
 $1,315,000 $878,979 $0 $2,193,979
Total required for 2020 debt service $15,712,842
Amount (if any) paid from funds listed in unencumbered funds $0
Amount (if any) paid from other resources $0
Excess collections last year $1,588,083
Total to be paid from taxes in 2020 $14,124,759
collect only 100.50% of its taxes in 2020 $-70,272
Total debt levy $14,054,487

 

This notice contains a summary of the no-new-revenue and voter-approval calculations as certified by 0, 0 on .