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<br /> VALUATION AND DEBT INFORMATION
<br /> 1984 Market Valuation Established by Hays County Appraisal District $467,454,529
<br /> Less Local Exemptions at Market Val~e: $9,182,292
<br /> Residence Homestead (over 65) (1)
<br /> Disabled Veterans (2) 169,100
<br /> Agricultural Reductions (3) 3,038,550 12,389,942
<br /> 1984 Net Taxable Assessed Valuation $455,064,587
<br /> City Funded Debt Payable From Ad Valorem Taxes: $ 780,000
<br /> General Purpose Debt
<br /> General Purpose Combination Tax and Revenue Certificates
<br /> of Obligation 389,000
<br /> System Combination Tax and Revenue Certificates of Obligation 6,456,000
<br /> Combination Tax and Airport Revenue Certificates of Obligation 72,000
<br /> The Bonds 3,020,000
<br /> Total General Obligation Debt $10,717,000
<br /> Less Self-Supporting Debt:
<br /> System Combination Tax and Revenue Certificates $6,456,000
<br /> of Obligation
<br /> Combination Tax and Airport Revenue Certificates
<br /> of Obligation -0- 6,456,000
<br /> Net Funded Debt Payable from Ad Valorem Taxes $ 3,872,000
<br /> General Obligation Interest and Sinking Fund (as of 1-31-85) $ 425,388
<br /> Airport Interest and Sinking Fund (as of 1-31-85) $ 17,104
<br /> Ratio Net Funded Debt to 1984 Net Taxable Assessed Valuation----------------------------0.85%
<br /> 1980 U. S. Census Population - 23,420
<br /> 1985 Estimated Population - 33,345*
<br /> Per Capita Net Taxable Assessed Valuation - $13,656.16
<br /> Per Capita Total Debt - $321.40
<br /> Area - 14.02 Square Miles
<br /> " Source: Chamber of Commerce. Estimate.
<br /> (1) Pursuant to authority permitted by Section l-b, Article VIII of the State Constitution,
<br /> which became effective January 1, 1973, the City, beginning in 1974, has granted a property tax
<br /> exemption to the residence homestead of property owners over 65 years of age.
<br /> (2) The ~egislature, pursuant to a constitutional amendment and Article 7150h, VATCS, mandated
<br /> an additional property.tax exemption, beginning in 1976, for disabled veterans or the surviving
<br /> spouse or children of a deceased veteran who died while on active duty in the armed forces. The
<br /> exemption from taxation applies to either real or personal property with the amount of Assessed
<br /> Valuation exempted ranging from $1,500 to $3,000, dependent upon the amount of disability or
<br /> whether the exemption is applicable to a surviving spouse or children.
<br /> (3) Reductions made to the Appraised Value of productive agricultural and open-space lands
<br /> under the provisions of Article VIII, Sections l-d and l-d-l of the State Constitution.
<br /> Note: The above statement of indebtedness does not include the following revenue debt, as this
<br /> debt is payable solely from the net revenues of the System, as defined in the Ordinances
<br /> authorizing the debt: S2.755.COO '"jaten'iorks and Sewer Svstem "'evenue Bonds and Certificates
<br /> of Obligation. .
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