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Notice about 2020 Tax Rates

Notice about 2020 Tax Rates
Posted on 08/17/2020
NOTICE ABOUT 2020 TAX RATES
Property Tax Rates in City of College Station
This notice concerns the 2020 property tax rates for City of College Station. 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:
$0.541991
This year's voter-approval tax rate: $0.569888
To see the full calculations, please visit https://brazos.countytaxrates.com for a copy of the Ta

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 24,275,605
General Debt Service Fund 5,583,524
Current Year 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 upcoming 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
2009 GO Bonds
175,000
3,500
0
178,500
2010 GO Refunding Bonds
3,375,000
108,900
0
3,483,900
2012 GO Bonds
160,000
81,281
0
241,281
2012 GO Refunding Bonds
1,565,000
250,525
0
1,815,525
2013 GO Bonds
345,000
251,694
0
596,694
2013 GO Refunding Bonds
1,000,000
251,950
0
1,251,950
2014 GO Bonds
530,000
386,325
0
916,325
2014 GO Refunding Bonds
1,670,000
477,000
0
2,147,000
2016 GO Bonds
325,000
230,850
0
555,850
2016 GO Refunding Bonds
2,875,000
1,059,225
0
3,934,225
1000.1.12

 

2017 GO Bonds
615000
521,356
0
1,136,356
2017 GO Refunding Bonds
0
587,750
0
587,750
2020 GO Refunding Bonds
1,060,000
741,250
0
1,801,250
2009 CO's
1,285,000
25,700
0
1,310,700
2012 CO's
765,000
395,963
0
1,160,963
2013 CO's
455,000
290,969
0
745,969
2014 CO's
1,750,000
1,168,625
0
2,918,625
2016 CO's
1,195,000
729,844
0
1,924,844
2017 CO's
2,310,000
2,067,394
0
4,377,394
2018 CO's
1,270,000
1,265,408
0
2,535,408
2019 CO's
3,145,000
2,854,225
0
5,999,225
2020 CO's
755,000
819,767
9,000
1,583,767

Total required for 2020 debt service
- Amount (if any) paid from funds listed in unencumbered funds
0
- Amount (if any) paid from other resources
21,300,546
- Excess collections last year 0
= Total to be paid from taxes in 2020
19,902,955
collect only 100.00% of its taxes in 2020
0
=Total debt levy 19,902,955
This notice contains a summary of the no-new-revenue and voter-approval calculations as certified by Kristeen Roe CTA PCC, Brazos County Tax Assessor/Collector on August 05, 2020.
1000.1.12

 

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