HomeMy WebLinkAboutNotice About Tax Rates (2024)Notice About 2024 Tax Rates
Property tax rates in City of Euless, Texas.
This notice concerns the 2024 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
$0.448603/$100
$0.447192/$100
To see the full calculations, please visit 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 1,727,652
General Fund 17,440,186
General Emergency Fund 1,500,000
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, ifapplicable).
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
TAX & WATERWORKS & 400,000
240,113
700
640,813
SEWER SYSTEM
(LIMITED PLEDGE)
REVENUE
CERTIFICATES OF
OBLIGATION, SERIES
2018
AXON ENTERPRISE, INC.199,952
26,943
700
227,595
LEASE
TAX & WATERWORKS & 480,000
381,057
700
861,757
SEWER SYSTEM
(LIMITED PLEDGE)
REVENUE
CERTIFICATES OF
OBLIGATION, SERIES
2019
TAX & WATERWORKS & 305,000
149,725
700
455,425
SEWER SYSTEM
(LIMITED PLEDGE)
REVENUE
CERTIFICATES OF
OBLIGATION, SERIES
2020
TAX AND WATERWORKS230,000
105,451
700
336,151
AND SEWER SYSTEM
(LIMITED PLEDGE)
REVENUE CERTIFICATE
OF OBLIGATION, SERIES
2021
TAX NOTES, SERIES 20221,050,000
145,945
700
1,196,645
TAX AND WATERWORKS 1,305,000
924,650
700
2,230,350
AND SEWER SYSTEM
(LIMITED PLEDGE)
REVENUE
CERTIFICATES OF
OBLIGATION, SERIES
2023
TAX & WATERWORKS & 10,000
2,900
375
13,275
SEWER SYSTEM
(LIMITED PLEDGE)
REVENUE
CERTIFICATES OF
OBLIGATION, SERIES
2011
TAX & WATERWORKS & 175,000
48,544
375
223,919
SEWER SYSTEM
(LIMITED PLEDGE)
REVENUE
CERTIFICATES OF
OBLIGATION, SERIES
2011 (GL
TAX & WATERWORKS & 315,000
108,750
375
424,125
SEWER SYSTEM
(LIMITED PLEDGE)
REVENUE
CERTIFICATES OF
OBLIGATION, SERIES
2014 (GL
TAX & WATERWORKS & 160,000
62,850
375
223,225
SEWER SYSTEM
(LIMITED PLEDGE)
REVENUE
CERTIFICATES OF
OBLIGATION, SERIES
2015 (GL
TAX & WATERWORKS & 605,000
392,612
500
998,112
SEWER SYSTEM
(LIMITED PLEDGE)
REVENUE
CERTIFICATES OF
OBLIGATION, SERIES
2016 (MI
Total required for 2024 debt service
$7,831,392
- Amount (if any) paid from funds listed in
unencumbered funds
$0
Amount (if any) paid from other resources
$2,128,637
Excess collections last year
$612,423
= Total to be paid from taxes in 2024
$5,090,332
+ Amount added in anticipation that the unit will
$0
collect only 100.00 % of its taxes in 2024
= Total debt levy
$5,090,332
This notice contains a summary of actual no -new -revenue and voter -approval calculations as certified by Janina
Jewell, Director of Finance on 08/06/2024 .
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
hearings 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.