HomeMy WebLinkAboutNotice About Tax Rates (2023)Notice About 2023 Tax Rates
Property tax rates in City of Euless, Texas.
This notice concerns the 2023 property tax rates for City of Euless, Texas. 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.
This year's no -new -revenue tax rate
This year's voter -approval tax rate
$0.413007/$100
$0.463168/$100
To see the full calculations, please visit https://www.eulesstx.gov for a copy of the Tax Rate
Calculation Worksheet.
Unencumbered Fund Balance
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 Obligation Debt Service 1,572,911
General Fund 11,477,193
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, i f applicable).
Principal or Contract Interest to be Other Amounts
Description of Debt Payment to be Paid Paid from to be Paid Total Payment
from Property Taxes Property Taxes
General Obligation 535,000 8,359 613 543,972
Refunding Bonds, Series
2012
Tax & Waterworks & Sewer 385,000
255,812
612
641,424
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2018
Axon Enterprise, Inc. Lease 231,805
0
612
232,417
Tax & Waterworks & Sewer460,000
397,556
612
858,168
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2019
Tax & Waterworks & Sewer 295,000
159,463
613
455,076
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2020
Tax & Waterworks & Sewer 225,000
109,855
612
335,467
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2021
Tax Notes, Series 2021 570,000
11,400
613
582,013
Tax Notes, Series 2022 1,020,000
175,857
613
1,196,470
Tax & Waterworks & Sewer 10,000
3,300
400
13,700
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2011
Tax & Waterworks & Sewer 170,000
55,344
400
225,744
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2011
Tax & Waterworks & Sewer 305,000
117,900
400
423,300
System (Limited pledge)
Revenue Certificates of
Obligation, Series 2014
Tax & Waterworks & Sewer 150,000
69,000
400
219,400
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2015
Tax & Waterworks & Sewer 590,000 405,888 400 996,288
System (Limited pledge)
Revenue Certificates of
Obligation, Series 2016
Tax & Waterworks & Sewer 600,000 923,621 0 1,523,621
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2023
Total required for 2023 debt service $8,247,060
- Amount (if any) paid from funds listed in
unencumbered funds $0
Amount (if any) paid from other resources $2,124,702
Excess collections last year $521,212
= Total to be paid from taxes in 2023 $5,601,146
+ Amount added in anticipation that the unit will $0
collect only 100.00% of its taxes in 2023
= Total debt levy $5,601,146
This notice contains a summary of actual no -new -revenue and voter -approval calculations as
certified by Janina Jewell, Director of Finance on 07/30/2023 .
Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can
easily access information regarding your property taxes, including information about proposed tax
rates and scheduled public bearings of each entity that taxes your property.
The 86th Texas Legislature modified the manner in which the voter -approval tax rate is calculated to
limit the rate of growth of property taxes in the state.