Notice of Public Hearings on Tax Increase
The Travis County Emergency Services District #14 will hold a public hearing on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 15 percent (percentage by which proposed
tax rate exceeds lower of rollback tax rate or effective tax calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.
The first public hearing will be held on September 06, 2006 at 7:00PM at the Volente Fire Department, 15406 FM 2769, Volente, TX 78641.
A second public hearing will be held on September 13, 2006 at 7:00PM at the Volente Fire Department, 15406 FM 2769, Volente, TX 78641.
The members of the governing body voted on the proposal to consider the tax increase as follows:
FOR: Stan Phillips, Lonnie Moore, Suellen Jordan, Tom Stevenson and Ernest Garcia; AGAINST: none; PRESENT and not voting: none; ABSENT: none
Comparison of Proposed Budget with Last Year’s Budget
The applicable percentage increase or decrease (or difference) in the amount budgeted in the preceding fiscal year and the amount budgeted for the fiscal year that begins during the current tax year is indicated for each of the following expenditure categories:
Maintenance and operations |
22.0% (increase) |
Debt service |
(none) % (increase) |
Total expenditures |
22.0% (increase) |
Total Appraised Value and Total Taxable Value as calculated under section 26.04, Tax Code
|
Preceding Tax Year |
Current Tax Year |
Total appraised value* of all property |
$633,375,649 |
$818,631,910 |
Total appraised value* of new property** |
$ 57,851,669 |
$ 77,014,777 |
Total taxable value*** of all property |
$552,739,015 |
$713,481,618 |
Total taxable value*** of new property** |
$ 57,851,669 |
$ 77,012,861 |
Bonded Indebtedness
Total amount of outstanding and unpaid bonded indebtedness $ 0.00
Tax Rates |
|
| Adopted tax rate for the preceding tax year | $0.10 per $100 in value |
| Proposed tax rate for the current tax year | $0.10 per $100 in value |
| Difference in the proposed tax rate and the adopted tax rate for the preceding tax year |
$0.00 per $100 in value |
| Percentage increase or decrease in the proposed tax rate and the adopted tax rate for the preceding tax year | 0 % Increase OR 0% Decrease |
These tax rate figures are not adjusted for changes in the taxable value of property.
*“Appraised value” is the amount shown on the appraisal roll and defined by Section 1.04(8), Tax Code.
** “New property” is defined by Section 26.012(17), Tax Code.
*** “Taxable value” is defned by Section 1.04(10), Tax Code.
|
Preceding Tax Year |
Current Tax Year |
Average residence homestead appraised value |
$322,503 |
$321,354 |
Homestead exemption amount for the taxing unit |
$0 |
$0 |
|
|
|
Average taxable value of a residence homestead |
$322,503 |
$321,354 |
|
|
Comparison of Residence Homestead Taxes
The taxes that would have been imposed in the preceding tax year on a residence homestead at the average appraised value (excluding special exemptions for persons 65 years of age or older or disabled) are estimated to be $322.50. The taxes that would be imposed in the current tax year on a residence homestead appraised at the average appraised value in the current tax year (excluding special exemptions for persons 65 years of age or older or disabled), if the proposed tax rate is adopted, are estimated to be $321.35. The difference between the amount of taxes on the average residence homestead in the current tax year, if the proposed tax rate is adopted, and the preceding tax year would be a decrease of $1.15 in taxes.