89-TAX O - FY 1989-1990 Tax Rate• �wwwo+�, �'�/ crest
mmy.a WW vs. ran
NB of Tom Las C 11sis;
Approved by Motion `
September 12,1989
311189 P1i6PS9TY TAX RATffii W THE, :CITY OP PILOSPBR
This notice eaneea'ns it" p ty tart rat for the City of Proper. -it presents
in oraratwa { tax ra Cat 8ar+a a is the atupI rate the
one 'to deti+r � t taxes. ah�year's Weettl tut r!str1 12
C re�tei ptq ear �erties t tdyn both tea
tart rt a t�s taxi year. ear's ho
rain is twhoisat -tax mu the before taxpayers can start tax
rolback i& . in too can thews. aril` LitiMd by dividing the total amount
of taxap by this, tsx base '(the Hai of ' roperty) with -ed�►stments as
required, by stoC ta*. fine rates, i►en pet''#�Qf Pr'o'ty value.
Last 110" eater
Leal V=ate :tastaui
+ Last year a
_ L "Or''tt ;Intel taxed S
V DIWdrd ,fast year's. tta base S
alost
Eal-tax labs 9 0
P3 us. log N•'R7t. 1
utt4_ttsnlis ,tod- *6 rkoi�;A vtors)
ilivle 6y year's adjusted fast base $ 33 0ALS
{a(ta en ftft. taxes on new property
_' 'lapis yasr'a 1tatrttae tax rate ¢ Q:d1984118 �199
Is Let
+�U11
t•
This year's eolbw* tax rater
Z 4 tP
aRn�ltaxes
and WAIS 110-leertxidtt a0raisel ll thwe
and teaslast ih eourt' loAW
Divided by .06 year's-g4Wte4rtax Dave ; 33.81E 93¢
{after eykti'llrOuse f@94e`40 Adiw °property
m This yaw* effective operating rate _ 0.21988 A"
x 1.08
This year's maximum operating rate
+ ThUr yeerls d64Tt rate a. ,.
= This year's ro baek rate Ste" 9
SCIM1113 A: rtbnlgeYmbeeed rPugd 9aletaeda
The lollowiat balaOfts tall probably be leftin the +gait's property tax accounts at the
end of the, fiscal Pear. `these balances are not encumbered )ry a corresponding debt
obligation.
t
Type of Property UX Pond Balwme
l _ It1 dr S:,punds _ R8 100
SCIMULE it 1969 DWT S$ItVIC19
The unit plane to pay the following amounts for "-term debts that are secured by
property taxes., These amqunis will be paid from property tax revenues (or additional
sales tax revenues, It api+Umbla).
Peinaipai
Deseriotio Coatroet Payment Interest Other Amowsts Total
W'be Paid to be Paid to be Paid, Payment
General Obligation % a4.M
Total required tot 199q debt service i 24,000
Amount (if any) paid from funds Bated in
scbedulb A n
- Excess collections last year ; O
_ Total to be paid from taxes in 19U 1 $4,000
+ Amount added in anticipation that the unit will
eoUeet only 10096 of its taxes in 1989 $ 0
= Total Debt Service Levy i 114,000
This notice contains a summary of actual effective and raliback tax rate calculations. '
You can inspect * copy, of the full calculation at the City of Prospeel' I0Broadway
Street, Prosper, Texas.
Radean ile('rOn,Tax Assessor NOW
City of Prosper
e
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