City of College Station

Notice about 2020 Tax Rates

Posted on 08/17/2020

				NOTICE ABOUT 2020 TAX RATES
				Property Tax Rates in City of College Station This notice concerns the 2020 property tax rates for City of College Station. This notice provides information about two tax rates. The no-new-revenue tax rate would impose the same amount of taxes as last year if you compare properties taxed in both years. 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.
				This year's no-new-revenue tax rate:												$0.541991
				This year's voter-approval tax rate:												$0.569888
				To see the full calculations, please visit https://brazos.countytaxrates.com for a copy of the Ta
				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
			General Fund									24,275,605
			General Debt Service Fund									5,583,524
				Current Year Debt Service
				The unit plans to pay the following amounts 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).
		Description of Debt				Principal or Contract Payment to be Paid from Property Taxes		Interest to be Paid from Property Taxes		Other Amounts to be Paid				Total Payment
		2009 GO Bonds				175,000		3,500		0				178,500
		2010 GO Refunding Bonds				3,375,000		108,900		0				3,483,900
		2012 GO Bonds				160,000		81,281		0				241,281
		2012 GO Refunding Bonds				1,565,000		250,525		0				1,815,525
		2013 GO Bonds				345,000		251,694		0				596,694
		2013 GO Refunding Bonds				1,000,000		251,950		0				1,251,950
		2014 GO Bonds				530,000		386,325		0				916,325
		2014 GO Refunding Bonds				1,670,000		477,000		0				2,147,000
		2016 GO Bonds				325,000		230,850		0				555,850
		2016 GO Refunding Bonds				2,875,000		1,059,225		0				3,934,225
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		2017 GO Bonds			615000		521,356				0		1,136,356
		2017 GO Refunding Bonds			0		587,750				0		587,750
		2020 GO Refunding Bonds			1,060,000		741,250				0		1,801,250
		2009 CO's			1,285,000		25,700				0		1,310,700
		2012 CO's			765,000		395,963				0		1,160,963
		2013 CO's			455,000		290,969				0		745,969
		2014 CO's			1,750,000		1,168,625				0		2,918,625
		2016 CO's			1,195,000		729,844				0		1,924,844
		2017 CO's			2,310,000		2,067,394				0		4,377,394
		2018 CO's			1,270,000		1,265,408				0		2,535,408
		2019 CO's			3,145,000		2,854,225				0		5,999,225
		2020 CO's			755,000		819,767				9,000		1,583,767
		Total required for 2020 debt service
		- Amount (if any) paid from funds listed in unencumbered funds							0
		- Amount (if any) paid from other resources							21,300,546
		- Excess collections last year							0
		= Total to be paid from taxes in 2020							19,902,955
		collect only 100.00% of its taxes in 2020							0
		=Total debt levy							19,902,955
			This notice contains a summary of the no-new-revenue and voter-approval calculations as certified by Kristeen Roe CTA PCC, Brazos County Tax Assessor/Collector on August 05, 2020.
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