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NOTICE ABOUT 2020 TAX RATES
Property Tax Rates in CITY OF MANVEL
This notice concerns the 2020 property tax rates for CITY OF MANVEL. 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: $0.584838
This year's voter-approval tax rate: $0.632097
To see the full calculations, please visit https://www.brazoriacountytx.gov/departments/legal-notices for a copy of the Tax Rate Calculation Worksheets.
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
Maintenance & Operations Interest & Sinking 7,000,000
Interest and Sinking 300,000
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 |
2013 CO | 100,000 | 34,700 | 500 | 135,200 |
2014 Tax | 160,000 | 4,680 | 0 | 164,680 |
2015 GO | 220,000 | 27,800 | 350 | 248,150 |
2016 GO | 230,000 | 106,950 | 500 | 337,450 |
2017 CO | 130,000 | 102,219 | 400 | 232,619 |
2018 CO | 390,000 | 280,319 | 400 | 670,719 |
2019 CO | 125,000 | 98,094 | 400 | 223,494 |
Total required for 2020 debt service 2,012,312
- Amount (if any) paid from funds listed in unencumbered funds 0
- Amount (if any) paid from other resources 0
- Excess collections last year 0
= Total to be paid from taxes in 2020 2,012,312
collect only 102.19 % of its taxes in 2020 -43,125
=Total debt levy 1,969,187
This notice contains a summary of the no-new-revenue and voter-approval calculations as certified by Ro'Vin Garrett PCC, Tax Assessor-Collector on July 29, 2020.