HomeMy WebLinkAboutNotice About Tax Rates (2025)Notice About 2025 Tax Rates
Property tax rates in City of Euless, Texas.
This notice concems the 2025 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 $0.467324/$100
This year's voter -approval tax rate $0.476958/$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 Debt Service Fund 1,487,715
General Fund 22,759,844
General Emergency / Contingency 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, if applicable).
Principal or Contract Interest to be Other Amounts
Description of Debt Payment to be Paid Paid from Total Payment
from Property Taxes Property Taxes to be Paid
Tax & Waterworks & Sewer 244,144 149,223 700 394,067
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2018
AXON Enterprise, Inc. 226,895 0 700 227,595
Lease
Tax & Waterworks & Sewer 500,000 361,457 700 862,157
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2019
Tax & Waterworks & Sewer 315,000 140,425 700 456,125
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2020
Tax & Waterworks & Sewer 230,000 101,426 700 332,126
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2021
Tax Notes Series 2022 1,085,000 115,094 700 1,200,794
Tax & Waterworks & Sewer 1,260,000 867,050 700 2,127,750
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2023
Tax & Waterworks & Sewer 620,000 374,462 500 994,962
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2016
Tax & Waterworks & Sewer 170,856 74,590 2,300 247,746
System (Limited Pledge)
Revenue Certificates of
Obligation, Series 2018
Total required for 2025 debt service $6,843,322
- Amount (if any) paid from funds listed in
unencumbered funds $0
-Amount (if any) paid from other resources $927,173
- Excess collections last year $467,662
= Total to be paid from taxes in 2025 $5,448,487
+ Amount added in anticipation that the unit will $0
collect only 100.00% of its taxes in 2025
= Total debt levy $5,448,487
This notice contains a summary of actual no -new -revenue and voter -approval calculations as certified by Janina
Jewell, Director of Finance on 08/03/2025 .
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.