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08-12-20-Resolution-Setting Public Hearing Date Budget and Tax Rate-08/17/2020RESOLUTION #08-12-20 A RESOLUTION OF THE CITY OF SANGER TEXAS, ESTABLISHING THE DATE, TIME AND PLACE FOR THE PUBLIC HEARINGS ON THE PROPOSED FY 2020-21 BUDGET AND TAX RATE; DIRECTING THE CITY SECRETARY TO PUBLISH SAID HEARING AS REQUIRED BY LAW; DETERMINING THAT THE MEETING AT WHICH THE RESOLUTION WAS APPROVED COMPLIED WITH THE OPEN MEETINGS ACT AND DECLARING AN EFFECTIVE DATE. WHEREAS, a public hearing on the proposed budget and tax rate prior to its adoption is required by Section 102.065 of the Texas Local Government Code and Section 9.04 of the City of Sanger Charter; and WHEREAS, any taxpayer of the City of Sanger may attend and participate in all such hearings; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANGER, TEXAS THAT: Section 1. That the findings set forth are hereby approved and adopted. Section 2. That a Public Hearing on the Proposed Budget for FY 2020-21 and Tax We is hereby set to be held on Tuesday, September 8, 2020 at 7:00 P.M. in the historic church building located at 403 N 7 h Street, Sanger, Texas 76266. Section 3. That the City Secretary is directed to post and publish notice of the public hearing on the budget as required by law. Section 4. That the meeting at which this resolution was passed, was in compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551. Section 5. That this Resolution shall become effective after its passage. DULY PASSED, APPROVED AND ADOPTED by the City Council of the City of Sanger, Texas, on this 17�' day of August, 2020. �`t1,�tttt�ntururr���'t' t�1log ti APPROVED: Thomas E. Muir, Mayor *TEXAS MEMORANDUM To: Alina Ciocan, City Manager From: Clayton Gray, Finance Director Date: August 13, 2020 Re: 2020-21 Property Tax Rate On Friday, July 24�', we received the Certified Totals fiom the Denton Central Appraisal Dishict. On Saturday, August I", we received the 2020 Tax Rate Calculation Worksheet fiom Denton County. This worksheet, which includes the City's No New -Revenue Rate, Voter -Approval Rate, and Di Minimis Rate, is attached to this memo. • The No -New -Revenue Rate is the tax rate that generates the same revenues as last year's revenue for properties taxed in both years. Sanger's No -New -Revenue Rate is $0.662164/$100 (line 26). • The Voter -Approval Rate is the highest tax rate that most entities may adopt before triggering an automatic election in November. Sanger's Voter -Approval Rate is $0.673039/$100 (line 47). • The Di Minimis Rate is the No New Revenue Rate plus a rate that would equal $500,000 additional taxes for entities under 30,000 population. As we have discussed earlier, the Di Minus Rate is meant to add flexibility to tax revenues for growing cities like Sanger. Sanger's Di Minimis Rate is $0.718122/$100 (line 70). The City's tax rate for 2019 was $0.679100/$100, which is below the Di Minimis Rate. Keeping the tax rate flat for 2020 would provide $3421631(7.4%)more properly tax revenues than last year's budget. Of that amount, $248,504 is tax revenue fiom new property added to the tax roll this year. 940.458.7930 � 502 Elm Street (PO Box 1729 � Sanger, TX 76266 � www.sangertexas.or� facebook.com/SangerTexas @CityofSanger TNT-856 06-20/6 2020 Tax Rate Calculation Worksheet CITY OF BANGER No -New -Revenue Tax Rate The NNR tax rate enables the public to evaluate the relationship between taxes for the prior year and for the current year based on a tax rate that would produce the same amount of taxes (no new taxes) if applied to the same properties that are taxed in both years. When appraisal values increase, the NNR tax rate should decrease. The NNR tax rate for a county is the sum of the NNR tax rates calculated for each type of tax the county levies. While uncommon, it is possible for a taxing unit to provide an exemption for only maintenance and operations taxes. In this case, the taxing unit will need to calculate the NNR tax rate separately for the maintenance and operations tax and the debt tax, then add the two components together. 1. 2019 total taxable value. Enter the amount of 2019 taxable value on the 2019 tax roll today. Include any adjustments since last year's certification; exclude Tax Code Section 25.25(d) one-fourth and one-third over -appraisal corrections from these adjustments. Exclude any property value subject to an appeal under Chapter 42 as of July 25 (will add undisputed value in Line 6). This total includes the taxable value of homesteads with tax ceilings (will deduct in Line 2) and the captured value for tax increment financing (will deduct taxes in Line 17).� $699,251,976 2. 2019 tax ceilings. Counties, Cities and Junior College Districts. Enter 2019 total taxable value of homesteads with tax ceilings. These include the homesteads of homeowners age 65 or older or disabled. Other units enter "0" If your taxing units adopted the tax ceiling provision in 2019 or prior year for homeowners age 65 or older or disabled, use this step.2 $0 3. Preliminary 2019 adjusted taxable value. Subtract line 2 from line 1. $699,251,976 4. 2019 total adopted tax rate. $0.679100/$100 5. 2019 taxable value lost because court appeals of ARB decisions reduced 2019 appraised value. A. Original 2019 ARB values: $126,742,467 B. 2019 values resulting from final court decisions: - $118,436,850 C• 2019 value loss. Subtract B from A.3 $8,305,617 6. 2019 taxable value subject to an appeal under Chapter 42, as of July 25. A. 2019 ARB certified value: $0 B. 2019 dispuated value: - $0 C• 2019 undisputed value. Subtract B from A.4 $0 7. 2019 Chapter 42 related adjusted values. Add line 5 and line 6. $8,305,617 8. 2019 taxable value, adjusted for actual and potential court -ordered adjustments. Add line 3 and line 7. $707,557,593 1 Tex. Tax Code � 26.012(14) 2 Tex. Tax Code � 26.012(14) 3 Tex. Tax Code � 26.012(13) http:/hvww.tr-uth-in-taxation.com/Pi•intFonns.aspx[8/1/2020 1:19:40 PM] 4 Tex. Tax Code § 26.012(13) http:/hvww.truth-in-taxation.com/PrintFoiYns.aspx[8/i/2020 1:19:�40 PM] 2020 Tax Rate Calculation Worksheet CITY OF BANGER No -New -Revenue Tax Rate (continued) 9. 2019 taxable value of property in territory the taxing unit deannexed after January 1, 2019. Enter the 2019 value of property in deannexed territory.5 $0 10. 2019 taxable value lost because property first qualified for an exemption in 2020. If the taxing unit increased an original exemption, use the difference between the original exempted amount and the increased exempted amount. Do not include value lost due to freeport, goods -in -transit, temporary disaster exemptions. Note that lowering the amount or percentage of an existing exemption in 2020 does not create a new exemption or reduce taxable value. A. Absolute exemptions. Use 2019 market value: $591,649 B. Partial exemptions. 2020 exemption amount or 2020 percentage exemption times 2019 value: + $2,445,504 C• Value loss. Add A and B.6 $3,037,153 11. 2019 taxable value lost because property first qualified for agricultural appraisal (1-d or 1-d-1), timber appraisal, recreational/scenic appraisal or public access airport special appraisal in 2020. Use only those properties that first qualified in 2020; do not use properties that qualified in 2019. A. 2019 market value: $0 B. 2020 productivity or special appraised value: - $0 C• Value loss. Subtract B from A.7 $0 12. Total adjustments for lost value. Add lines 9, 10C and 11C. $3,037,153 13. Adjusted 2019 taxable value. Subtract line 12 from line 8. $704,520,440 14. Adjusted 2019 total levy. Multiply line 4 by line 13 and divide by $100. $4,784,398 15. Taxes refunded for years preceding tax year 2019. Enter the amount of taxes refunded by the taxing unit for tax years preceding tax year 2019. Types of refunds include court decisions, Tax Code § 25.25(b) and (c) corrections and Tax Code § 31.11 payment errors. Do not include refunds for tax year 2019. This line applies only to tax years preceding tax year 2019.$ $39,393 16. Taxes in tax increment financing (TIF) for tax year 2019. Enter the amount of taxes paid into the tax increment fund for a reinvestment zone as agreed by the taxing unit. If the unit has no 2020 captured appraised value in Line 18D, enter „0�� 9 $0 17. Adjusted 2019 levy with refunds and TIF adjustment. Add lines 14 and 15, subtract line 16.�0 $4,823,791 5 Tex. Tax Code § 26.012(I5) 6 Tex. Tax Code § 26.012(15) 7 Tex. Tax Code § 26.012(15) 8 Tex. Tax Code § 26.012(13) 9 Tex. Tax Code § 26.03(c) 10 Tex. Tax Code § 26.012(13) http://www.tiuth-in-taxation.com/PrintForms.aspx[8/1/2020 1:19:40 PM] 2020 Tax Rate Calculation Worksheet CITY OF BANGER No -New -Revenue Tax Rate (continued) 18. Total 2020 taxable value on the 2020 certified appraisal roll today. This value includes only certified values or certified estimate of values and includes the total taxable value of homesteads with tax ceilings (will deduct in line 20). These homesteads includes homeowners age 65 or older or disabled.�� A. Certified values: $618,723,649 B. Counties: Include railroad rolling stock values certified by the Comptroller's office: + $0 C. Pollution control and energy storage system exemption: Deduct the value of property exempted for the current tax year for the first time as pollution control or energy storage system property: - $0 D. Tax increment financing: Deduct the 2020 captured appraised value of property taxable by a taxing unit in a tax increment financing zone for which the 2020 taxes will be deposited into the tax increment fund. Do not include any new property value that will be included in line 23 below.12 - $0 E. Total 2020 value. Add A and B, then subtract C and D. $618,723,649 19. Total value of properties under protest or not included on certified appraisal ro11.�3 A. 2020 taxable value of properties under protest. The chief appraiser certifies a list of properties still under ARB protest. The list shows the appraisal district's value and the taxpayer's claimed value, if any or an estimate of the value if the taxpayer wins. For each of the properties under protest, use the lowest of these values. Enter the total value.14 $146,357,380 B. 2020 value of properties not under protest or included on certified appraisal roll. The chief appraiser gives taxing units a list of those taxable properties that the chief appraiser knows about but are not included at appraisal roll certification. These properties also are not on the list of properties that are still under protest. On this list of properties, the chief appraiser includes the market value, appraised value and exemptions for the preceding year and a reasonable estimate of the market value, appraised value and exemptions for the current year. Use the lower market, appraised or taxable value (as appropriate). Enter the total value of property not on the certified roll.15 + $0 11 Tex. Tax Code § 26.12, 26.04(c-2) 12 Tex. Tax Code § 26.03(c) 13 Tex. Tax Code § 26.01(c) and (d) 14 Tex. Tax Code § 26.01(c) 15 Tex. Tax Code § 26.01(d) http://wtvw.huth-in-taxation.com/PrintForms.aspx[8/1/2020 1:19:40 PM] 2020 Tax Rate Calculation Worksheet CITY OF BANGER No -New -Revenue Tax Rate (concluded) 19. C. Total value under protest or not certified. Add A (cont.) and B. $146,357,380 20. 2020 tax ceilings. Counties, cities and junior colleges enter 2020 total taxable value of homesteads with tax ceilings. These include the homesteads of homeowners age 65 or older or disabled. Other taxing units enter "0". If your taxing units adopted the tax ceiling provision in 2019 or a prior year for homeowners age 65 or older or disabled, use this step.l6 $0 21. 2020 total taxable value. Add lines 18E and 19C. Subtract line 20.17 $765,081,029 22. Total 2020 taxable value of properties in territory annexed after January 1, 2019. Include both real and personal property. Enter the 2020 value of property in territory annexed.$ $0 23. Total 2020 taxable value of new improvements and new personal property located in new improvements. New means the item was not on the appraisal roll in 2019. An improvement is a building, structure, fixture or fence erected on or affixed to land. New additions to existing improvements may be included if the appraised value can be determined. New personal property in a new improvement must have been brought into the taxing unit after January 1, 2019 and be located in a new improvement. New improvements do include property on which a tax abatement agreement has expired for 2020.�9 $36,593,082 24. Total adjustments to the 2020 taxable value. Add lines 22 and 23. $36,593,082 25. Adjusted 2020 taxable value. Subtract line 24 from line 21. $728,487,947 26. 2020 NNR tax rate. Divide line 17 by line 25 and multiply by $100.20 $0.662164/$100 27. COUNTIES ONLY. Add together the NNR tax rates for each type of tax the county levies. The total is the 2020 county NNR tax rate.21 $/$100 16 Tex. Tax Code § 26.012(6)(13) 17 Tex. Tax Code § 26.012(6) 18 Tex. Tax Code § 26.012(17) 19 Tex. Tax Code § 26.012(17) 20 Tex. Tax Code § 26.04(c) 21 Tex. Tax Code § 26.04(d) http://www.tiuth-in-taxation.com/PrintForms.aspx[8/1/2020 1:19:40 PM] 2020 Tax Rate Calculation Worksheet CITY OF BANGER Voter -Approval Tax Rate The voter -approval tax rate is the highest tax rate that a taxing unit may adopt without holding an election to seek voter approval of the rate. The voter -approval tax rate is split into two separate rates: 1. Maintenance and Operations (M&O) Tax Rate: The M&O portion is the tax rate that is needed to raise the same amount of taxes that the taxing unit levied in the prior year plus the applicable percentage allowed by law. This rate accounts for such things as salaries, utilities and day-to-day operations. 2. Debt Rate: The debt rate inchides the debt service necessary to pay the taxing unit's debt payments in the coming year. This rate accounts for principal and interest on bonds and other debt secured by property tax revenue. The voter -approval tax rate for a county is the sum of the voter -approval tax rates calculated for each type of tax the county levies. In most cases the voter -approval tax rate exceeds the no -new -revenue tax rate, but occasionally decreases in a taxing unit's debt service will cause the NNR tax rate to be higher than the voter -approval tax rate. 28. 2019 M&O tax rate. Enter the 2019 M&O tax rate. $0.591577/$100 29. 2019 taxable value, adjusted for actual and potential court -ordered adjustments. Enter the amount in line 8 of the No -New -Revenue Tax Rate Worksheet. $707,557,593 30. Total 2019 M&O levy. Multiply line 28 by line 29 and divide by $100. $4,185,747 31. Adjusted 2019 levy for calculating NNR M&O taxes. Add line 31 E to line 30. A. 2019 sales tax specifically to reduce property taxes. For cities, counties and hospital districts, enter the amount of additional sales tax collected and spent on M&O expenses in 2019, if any. Other taxing units, enter 0. Counties must exclude any amount that was spent for economic development grants from the amount of sales tax spent. $0 B. M&O taxes refunded for years preceding tax year 2019: Enter the amount of M&O taxes refunded in the preceding year for taxes before that year. Types of refunds include court decisions, Tax Code Section 25.25(b) and (c) corrections and Tax Code Section 31.11 payment errors. Do not include refunds for tax year 2019. This line applies only to tax years preceding tax year 2019. + $33,123 C. 2019 taxes in TIF.: Enter the amount of taxes paid into the tax increment fund for a reinvestment zone as agreed by the taxing unit. If the taxing unit has no 2019 captured appraised value in Line 18D, enter 0. - $0 blip://www.h-uth-in-taxation.com/PrintForms.aspx[8/1/2020 1:19:40 PM] 2020 Tax Rate Calculation Worksheet CITY OF BANGER Voter -Approval Tax Rate (continued) 31. D. 2019 transferred function.: If discontinuing all of (cont.) a department, function or activity and transferring it to another taxing unit by written contract, enter the amount spent by the taxing unit discontinuing the function in the 12 months preceding the month of this calculation. If the taxing unit did not operate this function for this 12-month period, use the amount spent in the last full fiscal year in which the taxing unit operated the function. The taxing unit discontinuing the function will subtract this amount in E below. The taxing unit receiving the function will add this amount in E below. Other taxing units enter 0. +/- $0 E. 2019 M&O levy adjustments.: Add A and B, then subtract C. For taxing unit with D, subtract if discontinuing function and add if receiving function. $33,123 $4,218,870 32. Adjusted 2020 taxable value. Enter the amount in line 25 of the No -New -Revenue Tax Rate Worksheet. $728,487,947 33. 2020 NNR M&O rate. (unadjusted) Divide line 31 by line 32 and multiply by $100. $0.579126/$100 34. Rate adjustment for state criminal justice mandate.23 Enter the rate calculated in C. If not applicable, enter 0. A. 2020 state criminal justice mandate. Enter the amount spent by a county in the previous 12 months providing for the maintenance and operation cost of keeping inmates in county -paid facilities after they have been sentenced. Do not include any state reimbursement received by the county for the same purpose. $0 B. 2019 criminal justice mandate. Enter the amount spent by a county in the 12 months prior to the previous 12 months providing for the maintenance and operation cost of keeping inmates in county - paid facilities after they have been sentenced. Do not include any state reimbursement received by the county for the same purpose. Enter zero if this is the first time the mandate applies. $0 C. Subtract B from A and divide by line 32 and multiply by $100. $0/$100 $0/$100 22 [Reserved for expansion] 23 Tex. Tax Code § 26.044 http://www.tiuth-in-taxation.com/PrintForms.aspx[8/I/2020 1:19:40 PM] 2020 Tax Rate Calculation Worksheet CITY OF BANGER Voter -Approval Tax Rate (continued) 35. Rate adjustment for indigent health care expenditures.24 Enter the rate calculated in C. If not applicable, enter 0. A. 2020 indigent health care expenditures. Enter the amount paid by a taxing unit providing for the maintenance and operation cost of providing indigent health care for the period beginning on July 1, 2019 and ending on June 30, 2020, less any state assistance received for the same purpose. $0 B. 2019 indigent health care expenditures. Enter the amount paid by a taxing unit providing for the maintenance and operation cost of providing indigent health care for the period beginning on July 1, 2018 and ending on June 30, 2019, less any state assistance received for the same purpose. $0 C. Subtract B from A and divide by line 32 and multiply by $100. $0/$100 $0/$100 36. Rate adjustment for county indigent defense compensation.25 Entel• the lessor of C and D. If not applicable, enter 0. A. 2020 indigent defense compensation expenditures. Enter the amount paid by a county to provide appointed counsel for indigent individuals for the period beginning on July 1, 2019 and ending on June 30, 2020, less any state grants received by the county for the same purpose. $0 B. 2019 indigent defense compensation expenditures. Enter the amount paid by a county to provide appointed counsel for indigent individuals for the period beginning on July 1, 2018 and ending on June 30, 2019, less any state grants received by the county for the same purpose. $0 C. Subtract B from A and divide by line 32 and multiply by $100. $0/$100 D. Multiply B by 0.05 and divide by line 32 and multiply by $100. $0/$100 $0/$100 24 Tex. Tax Code § 26.0442 25 Tex. Tax Code § 26.0442 http://www.huth-in-taxation.com/PrintForms.aspx[8/1/2020 1:19:40 PM] 2020 Tax Rate Calculation Worksheet CITY OF BANGER Voter -Approval Tax Rate (continued) 37. Rate adjustment for county hospital expenditures.26 Enter the lessor of C and D, if applicable. If not applicable, enter 0. A. 2020 eligible county hospital expenditures. Enter the amount paid by the county or municipality to maintain and operate an eligible county hospital for the period beginning on July 1, 2019 and ending on June 30, 2020 $0 B. 2019 eligible county hospital expenditures. Enter the amount paid by the county or municipality to maintain and operate an eligible county hospital for the period beginning on July 1, 2018 and ending on June 30, 2019. $0 C. Subtract B from A and divide by line 32 and multiply by $100. $0/$100 D. Multiply B by 0.08 and divide by line 32 and multiply by $100. $0/$100 $0/$100 38. Adjusted 2020 NNR M&O rate. Add lines 33, 34, 35, 36, and 37. $0.579126/$100 39. 2020 voter -approval M&O rate. Enter the rate as calculated by the appropriate scenario below. Special Taxing Unit. If the taxing unit qualifies as a special taxing unit, multiply line 38 by 1.08. Other Taxing Unit. If the taxing unit does not qualify as a special taxing unit, multiply Line 38 by 1.035 Taxing unit affected by disaster declaration. If the taxing unit is located in an area declared as disaster area, the governing body may direct the person calculating the voter -approval rate to calculate in the manner provided for a special taxing unit. The taxing unit shall continue to calculate the voter -approval rate in this manner until the earlier of 1) the second year in which total taxable value on the certified appraisal roll exceeds the total taxable value of the tax year in which the disaster occurred, and 2) the third tax year after the tax year in which the disaster occurred. If the taxing unit qualifies under this scenario, multiply line 38 by 1.08. 27 $0.599395/$100 26 Tex. Tax Code § 26.0443 27 Tex. Tax Code § 26.04(c-1) http://www.both-in-taxation.com/PrintForms.aspx[8/1/2020 1:19:40 PM] 2020 Tax Rate Calculation Worksheet CITY OF SANGER Voter -Approval Tax Rate (concluded) 40. Total 2020 debt to be paid with property taxes and additional sales tax revenue. Debt means the interest and principal that will be paid on debts that: (1) are paid by property taxes, (2) are secured by property taxes, (3) are scheduled for payment over a period longer than one year, and (4) are not classified in the taxing unit's budget as M&O expenses. A: Debt also includes contractual payments to other taxing units that have incurred debts on behalf of this taxing unit, if those debts meet the four conditions above. Include only amounts that will be paid from property tax revenue. Do not include appraisal district budget payments. Enter debt amount. $793,491 B: Subtract unencumbered fund amount used to reduce total debt.-$101000 C: Subtract certified amount spent from sales tax to reduce debt (enter zero if none). 40 D: Subtract amount paid from other resources.-$2121500 E: Adjusted debt. Subtract B, C and D from A. $570,991 41. Certified 2019 excess debt collections. Enter the amount certified by the collector.28 $7,550 42. Adjusted 2020 debt. Subtract line 41 from line 40E. $5633441 ------------- 43. 2020 anticipated collection rate. If the anticipated rate in A is lower than actual rates in B, C or D, enter the lowest rate from B, C or D. If the anticipated rate in A is higher than at least one of the rates in the prior three years, enter the rate from A. Note that the rate can be greater than 100%. 29 A. Enter the 2020 anticipated collection rate certified by the collector.30 100.000000% B. Enter the 2019 actual collection rate. 99.000000% C. Enter the 2018 actual collection rate. 101.000000% D. Enter the 2017 actual collection rate. 1006000000% 1000000000% 44. 2020 debt adjusted for collections. Divide line 42 by line 43. $563,441 45. 2020 total taxable value. Enter the amount on line 21 of the No -New -Revenue Tax Rate Worksheet. $765,081,029 46. 2020 debt rate. Divide line 44 by line 45 and multiply by $100. $0.073644/$100 47. 2020 voter -approval tax rate. Add lines 39 and 46. $0.673039/$100 48. COUNTIES ONLY. Add together the voter -approval tax rates for each type of tax the county levies. The total is the 2020 county voter -approval tax rate. $/$100 28 Tex. Tax Code § 26.012(10) and 16.04(b) 29 Tex. Tax Code � 26.04(h),(h-1) and (h-2) 30 Tex. Tax Code § 26.04(b) http://www.hlith-in-taxation.com/PrintForms.aspx[8/1/2020 1:19:40 PM] 2020 Tax Rate Calculation Worksheet CITY OF SANGER Voter -Approval Tax Rate Adjustment for Unused Increment Rate The unused increment rate is the rate equal to the difference between the adopted tax rate and voter - approval tax rate before the unused increment rate for the prior three years. 39 In a year where a taxing unit adopts a rate by applying any portion of the unused increment rate, the unused increment rate for that year would be zero. For each tax year before 2020, the difference between the adopted tax rate and voter -approval rate is considered zero, therefore the unused increment rate for 2020 is zero. 40 This section should only be completed by a taxing unit that does not meet the definition of a special taxing unit. 41 61. 2019 unused increment rate. Subtract the 2019 actual tax rate and the 2019 unused increment rate from the 2019 voter -approval tax rate. If the number is less than zero, enter zero. If the year is prior to 2020, enter zero. $0/$100 62. 2018 unused increment rate. Subtract the 2018 actual tax rate and the 2018 unused increment rate from the 2018 voter -approval tax rate. If the number is less than zero, enter zero. If the year is prior to 2020, enter zero. $0/$100 63. 2017 unused increment rate. Subtract the 2017 actual tax rate and the 2017 unused increment rate from the 2017 voter -approval tax rate. If the number is less than zero, enter zero. If the year is prior to 2020, enter zero. $0/$100 64. 2020 unused increment rate. Add lines 61, 62, and 63. $0/$100 65. 2020 voter -approval tax rate, adjusted for unused increment rate. Add line 64 to one of the following lines (as applicable): line 47, line 48 (counties), line 56 (taxing units with the additional sales tax) or line 60 (taxing units with pollution control), $0.673039/$100 39 Tex. Tax Code § 26.013(a) 40 Tex. Tax Code § 26.013(c) 41 Tex. Tax Code § 26.063(a)(1) http://www.tiuth-in-taxation.com/PrintForms.aspx[8/1/2020 1:19:40 PM] 2020 Tax Rate Calculation Worksheet CITY OF SANGER De Minimis Rate The de minimis rate is the rate equal to the sum of the no -new -revenue maintenance and operations rate, the rate that will raise $500,000, and the current debt rate for a taxing unit. 42 This section should only be completed by a taxing unit that is a municipality of less than 30,000 or a taxing unit that does not meet the definition of a special taxing unit. 43 66. Adjusted 2020 NNR M&O tax rate. Enter the rate from line 38 of the Approval Tax Tax Rate Worksheet, 67. I2020 total taxable value. Enter the amount from line 21 of the No -New -Revenue Tax Rate Worksheet. 68. Rate necessary to impose $500,000 in taxes. Divide $500,000 by line 67 and multiply by $100. 69.I2020 debt rate. Enter the rate from line 46 of the Voter -Approval Tax Rate Worksheet. 70. (De minimis rate. Add lines 66,68, and 69. 42 Tex. Tax Code § 26.012(8-a) 43 Tex. Tax Code 9 26.063(a)(1) $0.579126/$100 $765,081,029 $0.065352/$100 $0.073644/$100 $0.718122/$100 http://www.huth-in-taxation.com/PrintFoims.aspx[8/1/2020 1:19:40 PM] Total Tax Rate Indicate the applicable total tax rates as calculated above. No -New -Revenue tax rate. As applicable, enter the 2020 NNR tax rate from: line 26, line 27 (counties), or line 54 (adjusted for sales tax). Voter -approval tax rate. As applicable, enter the 2020 voter -approval tax rate from: line 47, line 48 (counties), line 56 (adjusted for sales tax), line 60 (adjusted for pollution control), or line 65 (adjusted for unused increment). De minimis rate. If applicable, enter the de minimis rate from line 70. $0.662164/$100 $0.673039/$100 $0.718122/$100 http://www.truth-in-taxation.com/PrintFmms.aspx[8/1/2020 1:19:40 PM] 2020 Notice of No -New -Revenue Tax Rate Worksheet for Calculation of Tax Increase/Decrease Entity Name: CITY OF SANGER 1.2019 taxable value, adjusted for court -ordered reductions. Enter line 8 of the No -New -Revenue Tax Rate Worksheet. 2.2019 total tax rate. Enter line 4 of the No -New -Revenue Tax Rate Worksheet. 3.Taxes refunded for years preceding tax year 2019. Enter line 15 of the No -New -Revenue Tax Rate Worksheet. 4.Last year's levy. Multiply Line 1 tunes Line 2 and divide by 100. To the result, add Line 3. 5.2020 total taxable value. Enter Line 21 of the No -New -Revenue Tax Rate Worksheet. 6.2020 no -new tax rate. Enter line 26 of the No -New -Revenue Tax Rate Worksheet or Line 54 of the Additional Sales Tax Rate Worksheet. 7.2020 taxes if a tax rate equal to the no -new -revenue tax rate is adopted. Multiply Line 5 times Line 6 and divide by 100. 8.Last year's total levy. Sum of line 4 for all funds. 9.2020 total taxes if a tax rate equal to the no -new -revenue tax rate is adopted. Sum of line 7 for all funds. 10.Tax Increase (Decrease). Subtract Line 8 from Line 9, Date: 08/01 /2020 $70755575593 0.679100 $39,393 $4,844,417 $765,081,029 0.662164 $5,066,091 $4,844,417 $5,066,091 $221,674 http://www.truth-in-taxation.com/PrintForms.aspx[8/1/2020 L•19:40PM] CITY OF SANGER Tax Rate Recap for 2020 Tax Rates Tax Levy This is calculated using the Additional Tax Levy Tax Rate Per Total Adjusted Taxable Additional Tax Levy Compared to no-new- Description of Rate $100 Value (line 25) of the No- Compared to last year's tax revenue tax rate levy of Q of 4,749,620 New -Revenue Tax Rate 4,823,785 Worksheet Last Year's Tax Rate 0,679100 $4,947,162 $198,541 S1231377 No -New -Revenue Tax Rate 00662164 $45823,785 $759165 SO Notice & Hearing Limit* 00662164 $41823,785 $75,165 SO Voter -Approval Tax Rate 0,673039 $4,9035008 $1541388 $793223 Proposed Tax Rate 0,000000 $0 $437481620 S 458239785 No -New -Revenue Tax Rate Increase in Cents per $100 0.00 0.662164 4,823,785 75,165 0 0,50 0.667164 49860,209 1114589 362424 1,00 0,672164 4,896,634 1484014 72,849 1,50 0.677164 41933,058 184,438 109,273 2.00 0.682164 4,96%483 220,862 145,698 2.50 0.687164 570052907 257,287 1823122 3.00 0.692164 57042,331 293,711 2183546 3.50 0,697164 510789756 330,136 254,971 4,00 0,702164 511159180 366,560 291,395 4,50 0,707164 5,1519605 402,984 327,820 5,00 0,712164 5/1889029 4393409 3643244 5,50 0,717164 5/2249453 4753833 4001668 6,00 0,722164 5,260,878 512,258 437,093 6,50 0,727164 5,297,302 54802 4739517 7,00 0,732164 593339726 585,106 50%942 7,50 0,737164 52370,151 6219531 546,366 8,00 0,742164 5,406,575 657,955 532,790 8.50 0.747164 5,443,000 694,380 6197215 9.00 0,752164 51479,424 730s8O4 655,639 9.50 0,757164 515159848 767,228 692,064 10.00 0,762164 515529273 803,653 728,488 10,50 0,767164 5,5889697 840,077 764,912 11.00 0,772164 5,6259122 876,502 8015337 11,50 0,777164 596619546 912,926 837,761 12,00 0,782164 5,697,970 949350 874,186 12,50 0.787164 59734,395 985,775 910,610 13,00 0.792164 59770,819 11022,199 947,034 13,50 0.797164 51807,244 1,058,623 983,459 14.00 0.802164 51843,668 11095,048 1,019,883 14.50 0,807164 518809092 11131,472 1,056,308 • *Notice & Hearing Limit Rate: This is the highest tax rate that may be adopted without notices and a public hearing. It is the lower of the voter -approval tax rate or the no -new -revenue tax rate. http://www.huth-in-taxation.com/PrintFol7ns.aspx[8/1/2020 1:19:40 PM] Tax Levy: This is calculated by taking the adjusted taxable value (line 25 of No -New -Revenue Tax Rate Worksheet), multiplying by the appropriate rate, such as the No -New -Revenue Tax Rate and dividing by 100. For School Districts: This is calculated by taking the adjusted taxable value (line 34 of the Voter - Approval Tax Rate Worksheet), multiplying by the appropriate rate, dividing by 100 and then adding this year's frozen tax levy on homesteads of the elderly. Additional Levy This is calculated by taking Last Year's taxable value (line 3 of No -New -Revenue Tax Rate Last Year: Worksheet), multiplying by Last Year's tax rate (line 4 of No -New -Revenue Tax Rate Worksheet) and dividing by 100. For School Districts: This is calculated by taking Last Year's taxable value, subtracting Last Year's taxable value for the elderly, multiplying by Last Year's tax rate, dividing by 100 and adding Last Year's tax ceiling. Additional Levy This is calculated by taking the current adjusted taxable value, multiplying by the No -New -Revenue This Year: Tax Rate and dividing by 100. For School Districts: This is calculated by taking the adjusted taxable value (line 34 of the Voter - Approval Tax Rate Worksheet), multiplying by the No -New -Revenue Tax Rate, dividing by 100 and adding This Year's tax ceiling. COUNTIES All figures in this worlcsheet include ALL County Funds. Tax Levy amounts are the sum of each ONLY: Fund's Taxable Value X each Fund's Tax Rate. http://www.huth-in-taxation.com/PrintForms.aspx[8/1/2020 1:19:40 PM] TNT-856 04-20/16 2020 Notice of Tax Rates in CITY OF SANGER Property Tax Rates in CITY OF SANGER . This notice concerns the 2020 property tax rates for CITY OF SANGER . This notice provides information about two tax rates. The no -new -revenue tax rate would Impose the same amount of taxes as last year if you compare properties taxed in both years. The voter -approval tax rate is the highest tax rate a taxing unit can adopt without holding an election. In each case, these rates are calculated by dividing the total amount of taxes by the current taxable value with adjustments as required by state law. The rates are given per $100 of property value. This year's no -new -revenue tax rate: Last year's adjusted taxes (after subtracting taxes on lost property) $45823,791 This year's adjusted taxable value (after subtracting value of new property) $728,4871947 =This year's no -new -revenue tax rate 0.662164/$100 +This year's adjustments to the no -new -revenue tax rate $0 /$100 =This year's adjusted no -new -revenue tax rate 0.662164/$100 This is the maximum rate the taxing unit can propose unless it publishes a notice and holds a hearing, This year's voter -approval tax rate: Last year's adjusted operating taxes (after adjusting as required by law) This year's adjusted taxable value (after subtracting value of new property) =This year's voter -approval operating tax rate x(1.035 or 1.08, as applicable) = this year's maximum operating rate +This year's debt rate +The unused increment rate, if applicable =This year's total voter -approval tax rate This is the maximum rate the taxing unit can adopt without an election for voter approval. $4,218,870 $728,487,947 0.579126/$100 0.599395/$100 0.073644/$100 0.000000/$100 0.673039/$100 Unencumbered Fund Balances: The following estimated balances will be left in the taxing unit's accounts at the end of the fiscal year. These balances are not encumbered by a corresponding debt obligation. Type of Fund GENERAL FUND DEBT SERVICE FUND Balance $5,221,709 $476,180 2020 Debt Service: The taxing 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). Description of Debt Principal or Contract Payment to be Paid from operty Taxes Interest to be Paid from Pr Other Amounts Total Payment to be Paid http://www,truth-in-taxation.com/PrintForms.aspx[8/1/2020 1:19:40 PM] Property Taxes 2007 CERTIFICATES OF OBLIGATION $34,000 $11,894 $0 W4 894 2012 CERTIFICATES OF OBLIGATION $1451200 $3,994 $0 $1491194 2013 CERTIFICATES OF OBLIGATION $22,200 $16,332 $0 $38,532 2016 G O REFUNDING BONDS $2485400 $95936 $0 $258,336 2019 G O REFUNDING BONDS $2005000 $485500 $0 $2485500 GOVERNMENT CAPITAL: STREET $45J79 $6,356 $0 $515535 EQUIPMENT BOND AMINISTRATION FEES $0 $0 $15500 $1,500 Total required for 2020 debt service $7935491 Amount (if any) paid from funds listed in unencumbered funds $105000 Amount (if any) paid from other- resources $2125500 Excess collections last year $71550 Total to be paid from taxes in 2020 $5635441 + Amount added in anticipation that the unit will collect only 100.000000% of its taxes in 2020 $0 = Total Debt Levy $563,441 This notice contains a summary of the no -new -revenue and voter -approval calculations as certified by Name of person preparing this notice: Michelle French Position: Tax Assessor Collector Date prepared: July 25, 2020 You can inspect a copy of the full calculations on the taxing unit's website at: www. tax. dentoncounty 0 com. http://www.riuth-in-taxation.com/PrintForms.aspx[8/1/2020 1:19:40 PM]