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1�1 <br />2013 Property Tax Rates in City of San Marcos <br />This notice concerns the 2013 property tax rates for City of San Marcos. It presents information <br />about three tax rates. Last year's tax rate is the actual tax rate the taxing unit used to determine <br />property taxes last year. This year's affective tax rate would impose the same total taxes as last <br />year if you compare properties taxed in both years. This year's rollback tax rate is the highest <br />tax rate the taxing unit can set before taxpayers start rollback procedures. In each case these <br />rates are found. by dividing the total amount of taxes by the tax base (the total value of taxable <br />property) with adjustments as required by state law. The rates are given per $100 of property <br />value. <br />Last year's tax rate: <br />Last year's operating taxes <br />$7,553J96 <br />Last year's debt taxes <br />$7,553,196 <br />Last year's total taxes <br />$15,106 392 <br />Last year's tax base <br />$2,849,187,476 <br />Last year's total tax rate <br />$0.5302/$100 <br />This year's effective tax rate: <br />Last year's adjusted taxes <br />(after subtracting taxes on lost property) <br />$14,838582 <br />, <br />.' This year's adjusted tax base <br />(after subtracting value of new property) <br />$21887,544034 <br />, <br />=This year's effective tax rate <br />$0.5138/$100 <br />(Maximum rate unless unit publishes notices and holds hearings.) <br />This year's rollback tax rate: <br />Last year's adjusted operating taxes <br />$14,905,131 <br />(after subtracting taxes on lost property and adjusting for any <br />transferred function, tax increment financing, state criminal justice <br />mandate, and/or enhanced indigent healthcare expenditures) <br />* This year's adjusted tax base <br />$2,887,544,034 <br />.This year's effective operating rate <br />$0.5162/$100 <br />x 1.08 —this year's maximum operating rate <br />$0.5574/$100 <br />+ This year's debt rate <br />$0.2660/$ l 00 <br />= This year's total rollback rate <br />$0.8234/$100 <br />-Sales tax adjustment rate <br />$0.2524/$100 <br />=Rollback tax rate <br />$0.5710/$100 <br />Statement of Increase/Decrease <br />If City of San Marcos adopts a 2013 tax rate equal to the effective tax rate of $0.5138 per S 100 <br />of value, taxes would increase compared to 2012 taxes by $138,416. <br />Schedule A - Unencumbered Fund Balance <br />'I"'he following estimated balances will be left in the unit's property tax accounts at the end of <br />the fiscal year. These balances are not encumbered by a corresponding debt obligation. <br />Type of Property Tax Fund Balance <br />General Fund 16,599,740 <br />Debt Service <br />10,758,630 <br />ra <br />C <br />0 <br />ND <br />O <br />