Form 50-777 - Notice Of Public Meeting To Discuss Proposed Tax Rate Page 2
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2P r o p e r t y T a x
N o t i c e o f P u b l i c M e e t i n g t o D i s c u s s P r o p o s e d T a x R a t e
Form 50-777
Comparison of Proposed Rates with Last Year’s Rates
Maintenance
Interest
Local Revenue
State Revenue
& Operations
& Sinking Fund*
Total
Per Student
Per Student
Last Year’s Rate
$_____________ $_____________* $_____________ $_____________ $_____________
Rate to Maintain Same
Level of Maintenance &
Operations Revenue &
Pay Debt Service
$_____________ $_____________* $_____________ $_____________ $_____________
Proposed Rate
$_____________ $_____________* $_____________ $_____________ $_____________
* The Interest & Sinking Fund tax revenue is used to pay for bonded indebtedness on construction, equipment, or both.
The bonds, and the tax rate necessary to pay those bonds, were approved by the voters of this district.
Comparison of Proposed Levy with Last Year’s Levy on Average Residence
Last Year
This Year
Average Market Value of Residences
$____________________
$____________________
Average Taxable Value of Residences
$____________________
$____________________
Last Year’s Rate Versus Proposed Rate per $100 Value
$____________________
$____________________
Taxes Due on Average Residence
$____________________
$____________________
Increase (Decrease) in Taxes
$____________________
Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65
years of age or older or of the surviving spouse of such a person, if the surviving spouse was 55 years of
age or older when the person died, may not be increased above the amount paid in the first year after the
person turned 65, regardless of changes in tax rate or property value.
Notice of Rollback Rate:
The highest tax rate the district can adopt before requiring voter approval
at an election is _______________________________________________________________________________.
(the school district rollback rate determined under Section 26.08, Tax Code)
This election will be automatically held if the district adopts a rate in excess of the rollback rate of
__________________________________.
(the school district rollback rate)
Fund Balances
The following estimated balances will remain at the end of the current fiscal year and are not encumbered with or
by a corresponding debt obligation, less estimated funds necessary for operating the district before receipt of the
first state aid payment:
Maintenance and Operations Fund Balance(s)
$____________________
Interest & Sinking Fund Balance(s)
$____________________
For more information, visit our Web site:
50-777 • 3-10/1 • Page 2
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Parent category: Financial