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<br />VALUATION AND DEBT INFORMATION
<br />
<br />1987 Market Valuation Established by Hays County Appraisal District
<br />
<br />$817,099,696
<br />
<br />Less Local Exemptions at Market Value:
<br />Residence Homestead (over 65) (1)
<br />Disabled Veterans (2)
<br />Agricultural Reductions (3)
<br />A ppraisals Under Protest
<br />
<br />1987 Net Taxable Assessed Valuation
<br />
<br />$ 9,476,790
<br />Ill,DGO
<br />11,617,060
<br />4,644,290
<br />
<br />25,915,140
<br />$791,184,556
<br />
<br />City Funded Debt Payable From Ad Valorem Taxes (as of 9-30-87):
<br />General Purpose Debt
<br />General Purpose Combination Tax and Water and Sewer System
<br />Revenue Certificates of Obligation
<br />Combination Tax and Revenue Certificates of Obligation
<br />Combination Tax and Airport Revenue Certificates
<br />of Obligation
<br />General Obligation Bonds being issued 2-17-88
<br />Certificates of Obligation being issued 2-17-88
<br />
<br />Total General Obligation Debt
<br />
<br />$
<br />
<br />3,765,000
<br />
<br />1,850,000
<br />8,080,000
<br />
<br />233,000
<br />1,660,000
<br />1,340,000
<br />
<br />$ 16,928,000
<br />
<br />Less Self-Supportin¡;¡; Debt (as of 9-30-87):
<br />Combination Tax and Water and Sewer System Revenue
<br />Certificates of Obligation
<br />
<br />Net Funded Debt Payable from Ad Valorem Taxes
<br />
<br />General Obligation Interest and Sinking Fund, 9-30-87
<br />Airport Interest and Sinking Fund, 9-30-87
<br />
<br /> 8,080,000
<br />$ 8,848,000
<br />$ 802,325
<br />$ 9,120
<br />
<br />Ratio Net Funded Debt to Net Taxable Assessed Valuation ---------u--u_----_uu------u-- 1.12%
<br />
<br />1980 U. S. Census Population - 23,420
<br />1987 Estimated Population - 33,900*
<br />Per Capita Net Taxable Assessed Valuation - $23,338.78
<br />Per Capita Total Debt - $499.35
<br />Area - 18.51 Square Miles
<br />
<br />*Source: San Marcos Chamber of Commerce.
<br />
<br />(1) Pursuant to authority permitted by Section I-b, Ar~icle VIII of the State Constitution, which became
<br />effective January 1, 1973, the City, beginning in 1974, has granted a property tax exemption to the
<br />residence homestead of property owners over 65 years of age.
<br />
<br />(2) The Legislature, pursuant to a constitutional amendment and Article 7150h, V .A.T .C.s., mandated an
<br />additional property tax exemption, beginning in 1976, for disabled veterans or the surviving spouse or
<br />children of a deceased veteran who died while on active duty in the armed forces. The exemption from
<br />taxation applies to either real or personal property with the amount of Assessed Valuation exempted
<br />ranging from $1,500 to $3,000, dependent upon the amount of disability or whether the exemption is
<br />applicable to a surviving spouse or children.
<br />
<br />(3) Reductions made to the Appraised Value of productive agricultural and open-space lands under the
<br />provisions of Article VIII, Sections l-d and l-d-l of the State Constitution.
<br />
<br />Note: The above statement of indebtedness does not include any self-supporting waterworks and sewer
<br />system revenue bond debt.
<br />
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