Form 50-211 - Notice Of Effective Tax Rate
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1Notice of
50-211
Effective
(Rev. 05-06/8)
Tax Rate
Property Tax Rates in
(for use by counties)
This notice concerns
property tax rates for
.
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.
Farm to Market/
Special Road/
General Fund
Flood Control Fund
Bridge Fund
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
$
/$100
$
/$100
$
/$100
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 for each fund
$
/$100
$
/$100
$
/$100
Total effective tax rate
$
/$100
(Maximum rate unless unit publishes notices and holds hearings.)
In the first year a county collects the additional sales tax to reduce property taxes, it must insert the following lines unless
its first adjustment was made last year:
– Sales tax adjustment rate
$
/$100
= Effective tax rate
$
/$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 rate
$
/$100
$
/$100
$
/$100
x 1.08 = this year’s maximum operating rate
$
/$100
$
/$100
$
/$100
+ This year’s debt rate
$
/$100
$
/$100
$
/$100
= This year’s rollback rate for each fund
$
/$100
$
/$100
$
/$100
This year’s total rollback rate
$
/$100
A county 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
$
/$100
= Rollback tax rate
$
/$100
For a county with additional rollback rate for pollution control, insert the following lines:
+ Additional rollback rate for pollution control
$
/$100
= Rollback tax rate
$
/$100
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