2019 Property Tax Rate

2019 PROPERTY TAX RATES IN THE DALLAS COUNTY COMMUNITY COLLEGE DISTRICT

This notice concerns 2019 property tax rates for Dallas County Community College District. It presents information about three tax rates. Last year's tax rate is the actual rate the taxing unit used to determine property taxes last year. This year's effective tax rate would impose the same total taxes as last year if you compare properties taxed in both years. This year's rollback tax rate is the highest tax rate the taxing unit can set before taxpayers can start tax rollback procedures. In each case these rates are found by dividing the total amount of taxes by the tax base (the total value of taxable property) with adjustments as required by state law. The rates are given per $100 of property value.

LAST YEAR'S TAX RATE:

Last year's operating taxes

$264,250,542

Last year's debt taxes

$50,817,412

Last year's total taxes

$315,067,954

Last year's tax base

$254,087,059,677

Last year's total tax rate

$0.124000 /$100

THIS YEAR'S EFFECTIVE TAX RATE:

Last year's adjusted taxes (after subtracting taxes on lost property)

$312,141,613

÷ This year's adjusted tax base (after subtracting value of new property)

$265,426,627,503

= This year's effective tax rate (Maximum rate unless unit publishes notices and holds hearings.) $ 0.117599 /$100

THIS YEAR'S ROLLBACK TAX RATE:

Last year's adjusted operating taxes (after subtracting taxes on lost property adjusting for any transferred function, tax increment financing, state criminal justice mandate, and/or enhanced indigent health care expenditures)

$261,795,662

÷ This year's adjusted tax base

$265,426,627,503

= This year's effective operating rate

$0.098632 /$100

x 1.08 = this year's maximum operating rate

$0.106522 /$100

+ This year's debt rate

$0.020000 /$100

= This year's total rollback rate

$0.126522 /$100

STATEMENT OF INCREASE/DECREASE

If Dallas County Community College District adopts a 2019 tax rate equal to the effective tax rate of $0.117599 per $100 of value, taxes would increase compared to 2018 taxes by $ 5,356,456.

SCHEDULE A: UNENCUMBERED FUND BALANCES

The following estimated balances will be left in the unit's property tax accounts at the end of the fiscal year.

These balances are not encumbered by a corresponding debt obligation.

Type of Property Tax Fund
M&O Fund
Balance
$ 20,946,554

SCHEDULE B: 2019 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 property tax revenues (or additional sales tax revenues, if applicable).

Description of DebtPrincipal or Contract Payment to be Paid from Property TaxesInterest to be Paid from Property TaxesOther Amounts to be PaidTotal Payment
Total Debt$41,230,000$8,808,337$4,456,663$54,495,000
Total required for 2019 Debt Service$54,495,000
- Amount (if any) paid from funds listed in Schedule A$0
- Excess collections last year$0
- Excess collections last year$0
= Total to be paid from taxes in 2019$54,495,000
+ Amount added in anticipation that the unit will collect only 100% of its taxes in 2019$0
= Total Debt Levy$54,495,000

This notice contains a summary of actual effective and rollback tax rate calculations. You can inspect a copy of the full calculations at 1201 Elm Street Suite 2600, Dallas, Texas 75270.

Name of Person preparing this notice: John R. Ames, PCC, CTA Title: Dallas County Tax Assessor/Collector Date Prepared: July 27, 2019