Page 446 - City of Bedford FY21 Budget
P. 446

STEP 6: De Minimis Rate

      The de minimis rate is the rate equal to the sum of the no=new-revenue maintenance and operations rate, the rate that will raise $500,000,
      and the current debt rate for a taxing unit.[42]
      This section should only be completed by a taxing unit that is a municipality of less than 30,000 or a taxing unit that does not meet the
      definition of a special taxing unit. [41]
       Line                                          Activity                                              Amount/Rate
        66.   Adjusted 2020 NNR M&O tax rate.  Enter the rate from Line 38 of the Voter-Approval Tax Rate    0.000000
              Worksheet
        67.   2020 total taxable value Enter the amount on Line 21 of the No-New-Revenue Tax Rate Worksheet         0

        68.   Rate necessary to impose $500,000 in taxes. Divide $500,000 by Line 67 and multiply by $100.   0.000000
        69.   2020 debt rate  Enter the rate from Line 46 of the Voter- Approval Tax Rate Worksheet          0.000000
        70.   De minimis rate Add Lines 66, 68 and 69.                                                       0.000000

      STEP 7: Total Tax Rate


      Indicate the applicable total tax rates as calculated above.

      No-new-revenue tax rate                                                                                 0.489115
      Voter-Approval Tax Rate                                                                                 0.571968

      De minimis rate                                                                                         0.000000

      STEP 8: Taxing Unit Representative Name and Signature

       print here
               Printed Name of Taxing Unit Representative


       sign here
               Taxing Unit Representative                                       Date









































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