Page 120 - CityofKennedaleFY25AdoptedBudget

Notice About ________ Tax Rates
2024
(current year)

the City of Kennedale
Property Tax Rates in ___________________________________________________________________________________
(taxing unit’s name)
2024 the CIty of Kennedale
This notice concerns the ____________ property tax rates for _______________________________________________________.
(current year) (taxing unit’s name)
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 of taxes as last year if you 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 of taxes by the current taxable value with
adjustments as required by state law. The rates are given per $100 of property value.
Taxing units preferring to list the rates can expand this section to include an explanation of how these tax rates were calculated.
0.686241
This year’s no-new-revenue tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $__________________/$100

0.727523
This year’s voter-approval tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $__________________/$100
cityofkennedale.com
To see the full calculations, please visit _______________________________ for a copy of the Tax Rate Calculation Worksheet.
(website address)

Unencumbered Fund Balances
The following estimated balances will be left in the taxing unit’s accounts at the end of the fiscal year. These balances are not encumbered by corresponding
debt obligation.
Type of Fund Balance
Debt Service $ 0.00

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 tax revenues, if applicable).
Principal or
Contract Payment Interest
to be Paid From to be Paid From Other Amounts Total
Description of Debt Property Taxes Property Taxes to be Paid Payment
$3,720,000 GO Refunding Series 2016 $ 375,000.00 $ 21,703.75 $ $396,703.75
$2,000,000 Tax Notes Series 2019 385,000.00 11,162.50 396,162.50
$1,260,000 GO Refunding Series 2020 125,000.00 13,874.75 138,875.75
$1,540,000 GO Refunding Series 2020A 150,000.00 12,505.00 162,505.00

$5,735,000 Comb Tax and Rev C/O Series 2021 240,000.00 124,050.00 364,050.00
$17,065,000 Comb Tax and Rev C/O Series 2023 80,000.00 104,125.00 184,125.00
$

$1 Comb Tax and Rev C/O Series 202 ,000.00

CITYOFKENNEDALE.COM/BUDGET 120