Form 50-179 - Statement Of Increase/decrease
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1
2P r o p e r t y T a x
Statement of Increase/Decrease
Form 50-179
____________________________________
______
____________________
If
adopts a
tax rate equal to the effective tax rate of $
per
(name of taxing unit)
(current year)
(unit’s effective tax rate)
_______________________
______
______________________
$100 of value, taxes would
compared to
taxes by $
.
(increase or decrease)
(previous year)
(amount of increase or decrease)
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
$
Schedule B – 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 property tax revenues
(or additional sales tax revenues, if applicable).
Principal or
Contract Payment
Interest
To Be Paid From
To Be Paid From
Other Amounts
Total
Description of Debt
Property Taxes
Property Taxes
To Be Paid
Payment
$
$
$
$
(expand as needed)
______
_____________________
Total required for
debt service
$
(current year)
_____________________
–
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
$
(current year)
+
Amount added in anticipation that the unit will collect
__________
______
_____________________
only
% of its taxes in
$
(current year)
_____________________
=
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 $
in additional sales and use tax revenues.
(amount)
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.
The Property Tax Assistance Division at the Texas Comptroller of Public Accounts provides property tax
For more information, visit our Web site:
information and resources for taxpayers, local taxing entities, appraisal districts and appraisal review boards.
50-179 • 05-11/5
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Parent category: Financial