Page 21 - City of Crowley FY22 Operating Budget

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Notice About 2021 Tax Rates

Property Tax Rates in Crowley. This notice concerns the 2021 property tax rates for Crowley. This notice provides information about two tax rates
used in adopting the current tax year's tax rate. The no- new - revenue tax rate would Impose the same amount oftaxes as last year ifyou compare
properties taxed in both years. In most cases, the voter - approval tax rate is the highest tax rate a taxing unit can adopt without holding an election.
In each case, these rates are calculated by dividing the total amount oftaxes by the current taxable value with adjustments as required by state law.
The rates are given per $ 100 of property value.

This year' s no- new-revenue tax rate: $ 0.693124/$ 100
This year' s voter - approval tax rate: $ 0.729546/$ 100
To see the full calculations, please visit tvtPtt: ci.crowley.tv.its for a copy of the Tax Rate Calculation Worksheet.

Unencumbered Fund Balances:
The following estimated balances will be left in the taxing unit's accounts at the end ofthe fiscal year. These balances are not ehcumbered by corresponding debt
obligation.
Type of fund Balance
Debt Service Fund 325, 663

Current Year Debt Service:
The following amounts are for long -term debts that are secured by property taxes. These amounts will be paid from upcoming property tax revenues (or additional
sales tar revenues, ifapplicable).

Description ofDebt Principal or Interest to be Paid Other Amounts to Total Payment
Contract Payment to from Property Taxes be Paid
be Paid from
Property Taxes
2012 GO Refunding 95, 000 1, 425 0 96,425
2012A GO Refunding 65,000 3, 075 0 68, 075
2013 GO Refunding 225, 000 15,385 0 240,385
2016 CO Tax & Ltd Pledge Rev 135, 000 52,850 0 187, 850
2017 GO Refunding 435,000 112,450 0 547,450
2018 CO Tax & Ltd pledge rev 260,000 255,069 0 515, 069
2012 CO Tax & Ltd Pldg Rev 230,000 102, 150 0 332, 150
2021 CO Tax & Ltd Pldg Rev 500,000 0 600 500,600

Total required for 2021 debt service $ 2,488, 004
Amount (if any) paid from funds listed in unencumbered funds $ 0
Amount (if any) paid from other resources $ 0
172, 033
Excess collections last year $
Total to be paid from taxes in 2021 $ 2, 315, 971
Amount added in anticipation that the taxing unit will collect only 100.000000% of its taxes in 2021 $ 0

2,315, 971
TotalDebtLevy $

This notice contains a summary ofthe no -new- revenue and voter - approval calculations as certified by
Name ofperson preparing this notice: Lori M. Watson
Position: ACM/Finance Director
Date prepared: July 30, 2021