2011 Property Tax Rates in City of Alton

This notice concerns the 2011 property tax rates for City of Alton. It presents information about three tax rates. Last year's tax rate is the actual tax 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 start 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.

Statement of Increase/Decrease

If City of Alton adopts a 2011 tax rate equal to the effective tax rate of $0.4880 per $100 of value, taxes would increase compared to 2010 taxes by $2,317.

Schedule A - Unencumbered Fund Balance

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.

Schedule B - 2011 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).

This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations at 2804 South Business HWY 281, Edinburg, TX 78539
Name of person preparing this notice: Armando Barrera Jr.

Title: Hidalgo County Tax Assessor/Collector

Date Prepared: 08/03/2011