Page 127 - Microsoft Word - Budget FY 19
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CITY OF FOREST HILL
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CALCULATION OF LEGAL DEBT
MARGIN
Calculation of Legal Debt Margin
Net Taxable Value $ 516,965,229
Adopted I&S Tax Rate / $100 valuation 0.130965
Adopted I&S Tax Levy $ 677,044
Maximum Allowed I&S Tax Rate / $100 valuation 1.50
Maximum Allowed I&S Tax Levy @ 90% Collections $ 6,979,030
Adopted I&S Tax Levy at 90% of the Maximum Allowed I&S Tax Levy 9.7%
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