NOTICE ABOUT 2020 TAX RATES
Property Tax Rates in County of Lavaca
This notice concerns the 2020 property tax rates for County of Lavaca. This notice provides information about two tax rates used in adopting the current tax year's tax rate. The no-new-revenue tax rate would impose the same amount of taxes as last year if you compare properties taxed in both years. In most cases, 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: $0.6016
This year's total voter-approval tax rate: $0.6115
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 corresponding debt obligation.
Type of Fund Balance
General Fund (M&O) 11,741,397
0
Current Year Debt Service
The following amounts are for long-term debts that are secured by property taxes. These amounts will be paid from upcoming property tax revenues (or additional sales tax revenues, if applicable).
Description of Debt Principal or Contract Interest to be Paid from Other Amounts to be Total
Payment to be Paid from Property Taxes Paid from Property Taxes Paid Payment
Property Taxes
Total required for 2020 debt service 0
-Amount (if any) paid from funds listed in unencumbered funds 0
-Amount (if any) paid from other resources
-Excess collections last year 1.267
=Total to be paid from taxes in 2020 -1.267
+ Amount added in anticipation that the taxing unit will collect only
100.00% of its taxes in 2020
=Total debt levy -1,267
This notice contains a summary of the no-new-revenue and voter-approval calculations as certified by Deborah A. Sevcik, Tax Assessor-Collector on August 03, 2020.