Page 446 - City of Bedford FY21 Budget

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

410

1001.1.6