FY 2007-08 Recommended Budget and Proposed
Ad Valorem Tax Revenue PROPERTY, AD VALOREM TAXES attach as an enforceable lien on property as of January 1st of each year. The City’s property tax is levied each October 1st on the assessed value listed as of the prior January 1st for all real and business personal property located in the City. Assessed values are established by the Bastrop County Central Appraisal District at 100% of the estimated market value and certified by the Appraisal Review Board. The Bastrop County Tax Collections Office certified a collection rate of 95% for Property Tax Year 2011. The City is permitted by Article XI, Section 5 of the State of Texas Constitution to levy taxes up to $2.50 per $100 of assessed valuation for general government services including the payment of principal and interest on general obligation long-term debt.
2011 Property Tax Rates for FY2012 budget: Proposed Tax Rate:
0.5840/ $100
Effective Tax Rate:
0.5468/ $100
Rollback Tax Rate:
.05862/ $100
The A Truth-in-Taxation@ laws of the State of Texas require notices to be published and hold two public hearings if an entity’s proposed tax rate exceeds the effective or rollback tax rate.
Property Tax Calculations FY2012 Tax Year 2011
TAX ROLL:
Assessed Valuation (100%) Rate per $100 Tax Levy Freeze Adjusted Tax Levy - Frozen (Disabled/ over 65)* Total Tax Levy
Percent of Tax Collection
$627,256,816 0.58400 3,663,180 292,333 3,955,512
95%
SUMMARY OF TAX COLLECTIONS:
Current Tax
Revenue From Tax Freeze Property
3,480,021
277,716
Delinquent Tax
65,080
Penalty and Interest
45,050
TOTAL TAX COLLECTIONS
$3,867,867
Property Tax Rate History 0.5835
0.584 0.554
0.535
0.5277
0.554
0.554
0.5011
Tax Rate
0.4282 2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-2011
Proposed 2011-2012
Property Tax Distribution PROPOSED TAX RATE
PERCENT
TOTAL
GENERAL FUND: Current Tax
$0.32027
1,908,443
Revenue From Tax Freeze Property
152,299
Delinquent Tax
35,690
Penalty and Interest
24,705
Total General Fund
$0.32027
54.84%
$2,121,138
DEBT SERVICE FUND: Current Tax
$0.26373
1,571,577
Revenues From Tax Freeze Property
125,417
Delinquent Tax
29,390
Penalty and Interest
20,345
Total Debt Service DISTRIBUTION
0.26373
45.16%
1,746,729
$0.58400
100%
$3,867,867
Property Tax Rate Distribution History FISCAL YEAR
M&O
I&S
1998
$
0.2132
$
1999
$
0.2245
$
2000
$
0.2245
2001
$
2002
RATE -
$
0.2132
0.1849
$
0.4094
$
0.2102
$
0.4347
0.2016
$
0.1816
$
0.3832
$
0.1954
$
0.2353
$
0.4307
2003
$
0.2043
$
0.2527
$
0.4570
2004
$
0.1992
$
0.2290
$
0.4282
2005
$
0.2050
$
0.2961
$
0.5011
2006
$
0.1902
$
0.3375
$
0.5277
2007
$
0.1834
$
0.4001
$
0.5835
2008
$
0.1952
$
0.3398
$
0.5350
2009
$
0.1992
$
0.3548
$
0.5540
2010
$
0.2292
$
0.3248
$
0.5540
2011
$
0.2889
$
0.2651
$
0.5540
Proposed 2012
$
0.32027
$
0.26373
$
0.5840
100%
90% 80% 70% 60% 50% 40% 30% 20% 10% 0%
2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12
Interest & Sinking
Maintenance & Operation (General Fund)
2011 Property Tax Rates for FY2012 budget: Proposed Tax Rate:
0.5840/ $100
Effective Tax Rate:
0.5468/ $100
Rollback Tax Rate:
.05862/ $100
The A Truth-in-Taxation@ laws of the State of Texas require notices to be published and hold two public hearings if an entity’s proposed tax rate exceeds the effective or rollback tax rate.
Property Tax Calculations FY2012 Tax Year 2011
TAX ROLL:
Assessed Valuation (100%) Rate per $100 Tax Levy Freeze Adjusted Tax Levy - Frozen (Disabled/ over 65)* Total Tax Levy
Percent of Tax Collection
$627,256,816 0.58400 3,663,180 292,333 3,955,512
95%
SUMMARY OF TAX COLLECTIONS:
Current Tax
Revenue From Tax Freeze Property
3,480,021
277,716
Delinquent Tax
65,080
Penalty and Interest
45,050
TOTAL TAX COLLECTIONS
$3,867,867
Property Tax Rate History 0.5835
0.584 0.554
0.535
0.5277
0.554
0.554
0.5011
Tax Rate
0.4282 2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-2011
Proposed 2011-2012
Property Tax Distribution PROPOSED TAX RATE
PERCENT
TOTAL
GENERAL FUND: Current Tax
$0.32027
1,908,443
Revenue From Tax Freeze Property
152,299
Delinquent Tax
35,690
Penalty and Interest
24,705
Total General Fund
$0.32027
54.84%
$2,121,138
DEBT SERVICE FUND: Current Tax
$0.26373
1,571,577
Revenues From Tax Freeze Property
125,417
Delinquent Tax
29,390
Penalty and Interest
20,345
Total Debt Service DISTRIBUTION
0.26373
45.16%
1,746,729
$0.58400
100%
$3,867,867
Property Tax Rate Distribution History FISCAL YEAR
M&O
I&S
1998
$
0.2132
$
1999
$
0.2245
$
2000
$
0.2245
2001
$
2002
RATE -
$
0.2132
0.1849
$
0.4094
$
0.2102
$
0.4347
0.2016
$
0.1816
$
0.3832
$
0.1954
$
0.2353
$
0.4307
2003
$
0.2043
$
0.2527
$
0.4570
2004
$
0.1992
$
0.2290
$
0.4282
2005
$
0.2050
$
0.2961
$
0.5011
2006
$
0.1902
$
0.3375
$
0.5277
2007
$
0.1834
$
0.4001
$
0.5835
2008
$
0.1952
$
0.3398
$
0.5350
2009
$
0.1992
$
0.3548
$
0.5540
2010
$
0.2292
$
0.3248
$
0.5540
2011
$
0.2889
$
0.2651
$
0.5540
Proposed 2012
$
0.32027
$
0.26373
$
0.5840
100%
90% 80% 70% 60% 50% 40% 30% 20% 10% 0%
2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12
Interest & Sinking
Maintenance & Operation (General Fund)
