| 2009 Property Tax Rates in Jackson County |
| This notice concerns 2009 property tax rates for Jackson County. It presents |
| information about three tax rates. Last year's tax rate is the actual rate the taxing unit |
| used to determine property taxes last year. This year's effective tax rate would impose |
| the same total taxes as last year if you compare properties taxed in both years. This |
| year's rollback tax rate is the highest tax rate the taxing unit can set before taxpayers can |
| start tax rollback procedures. In each case these rates are found by dividing the total |
| amount of taxes by the tax base (the total value of taxable property) with adjustments as |
| required by state law. The rates are given per $100 of property value. |
| Last year's tax rate: |
| Last year's operating taxes |
| Last year's debt taxes |
| Last year's total taxes |
| Last year's tax base |
| Last year's total tax rate |
| This year's effective tax rate: |
| Last year's adjusted taxes |
| (after subtracting taxes on |
| lost property) |
| ÷ This year's adjusted tax |
| base (after subtracting value |
| of new property) |
| = This year's effective tax |
| rate for each fund |
| (Maximum rate unless unit publishes notices and holds hearings.) |
| This year's rollback tax rate: |
| Last year's adjusted operating |
| taxes (after subtracting taxes |
| on lost property and |
| adjusting for any transferred |
| function, tax increment |
| financing, state criminal |
| justice mandate, and/or |
| enhanced indigent health |
| care expenditures) |
| ÷ This year's adjusted tax base |
| = This year's effective |
| operating rate |
| x 1.08 = this year's maximum |
| operating rate |
| + This year's debt rate |
| = This year's rollback rate for |
| each fund |
| - Sales tax adjustment rate |
| = Rollback tax rate |
| 0.4054 /$100 |
| 0.4506 /$100 |
| 0.5394 /$100 |
| 0.0000 /$100 |
| 0.5394 /$100 |
| 0.5787 /$100 |
| 0.4995 /$100 |
| 0.0574 /$100 |
| 0.0806 /$100 |
| 0.0896 /$100 |
| 0.0967 /$100 |
| 0.0000 /$100 |
| 0.0967 /$100 |
| 0.0896 /$100 |
| General Fund |
| Farm to Market/ |
| Flood Control Fund |
| Total effective tax rate |
| This year's total rollback rate |
| 0.5402 /$100 |
| 0.6361 /$100 |
| Statement of Increase/Decrease |
| If Jackson County adopts a 2009 tax rate equal to the effective tax rate of $0.5402 per |
| $100 of value, taxes would increase compared to 2008 taxes by $65,010. |
| Schedule A: General Fund - Unencumbered Fund Balances |
| The following estimated balances will be left in the unit's property tax accounts at the |
| end of the fiscal year. These balances are not encumbered by a corresponding debt |
| obligation. |
| Type of Property Tax Fund |
| Balance |
| Schedule B: General Fund - 2009 Debt Service |
| The 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 |
| Property Taxes |
| Interest to be |
| Paid from |
| Property |
| Taxes |
| Other |
| Amounts |
| to be Paid |
| Total |
| Payment |
| Total Required for 2009 Debt Service |
| - Amount (if any) paid from funds listed in Schedule A |
| = Total Debt Levy |
| + Amount added in anticipation that the unit will |
| collect only 100.00% of its taxes in 2009 |
| = Total to be paid from taxes in 2009 |
| - Excess collections last year |
| - Amount (if any) paid from other resources |
| Schedule A: Farm to Market/Flood Control Fund - Unencumbered Fund Balances |
| The following estimated balances will be left in the unit's property tax accounts at the |
| end of the fiscal year. These balances are not encumbered by a corresponding debt |
| obligation. |
| Type of Property Tax Fund |
| Balance |
| Schedule B: Farm to Market/Flood Control Fund - 2009 Debt Service |
| The 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 |
| Property Taxes |
| Interest to be |
| Paid from |
| Property |
| Taxes |
| Other |
| Amounts |
| to be Paid |
| Total |
| Payment |
| Total Required for 2009 Debt Service |
| - Amount (if any) paid from funds listed in Schedule A |
| = Total Debt Levy |
| + Amount added in anticipation that the unit will |
| collect only 100.00% of its taxes in 2009 |
| = Total to be paid from taxes in 2009 |
| - Excess collections last year |
| - Amount (if any) paid from other resources |
| Schedule C - Expected Revenue from Additional Sales Tax |
| In calculating its effective and rollback tax rates, the unit estimated that it will receive |
| $500,000 in additional sales and use tax revenues. The county has excluded any amount |
| that is or will be distributed for economic development grants from this amount of |
| expected sales tax revenue. |
| This notice contains a summary of actual effective and rollback tax rates' calculations. |
| You can inspect a copy of the full calculations at 115 W. Main, Room 102, Edna, TX |
| 77957. |
| Name of person preparing this notice: Donna Atzenhoffer, RTA |
| Title: Tax Assessor-Collector |
| Date Prepared: July 27, 2009 |