The Mercedes Enterprise (Mercedes, Tex.), Vol. 86, No. 34, Ed. 1 Wednesday, August 26, 1998 Page: 2 of 18
This newspaper is part of the collection entitled: Mercedes Area Newspapers and was provided to The Portal to Texas History by the Dr. Hector P. Garcia Memorial Library.
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Page 2 — The Mercedes Enterprise
Mercedes, Texas 78570 Wednesday, August 26, 1998
B Banking...
- Texas Style
Member FDIC Harlingen’s National Bank
LENDER
1998
PUBLIC NOTICE
Property Tax Rates in H.C.C.I.D. #9
This notice concerns 1998
property tax rates for H.C.C.I.D. #9
. 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
Last year’s debt taxes
Last year’s total taxes
Last year’s tax base
Last year’s total tax rate
$
$
$
$
$
.08823
.11177
444,617.04
222,308,361.00
• .20 /$100
WACKY MAN
00'
Do we sometimes
inadvertantly get the truth?
This year's effective tax rate:
Last year’s adjusted taxes
(after subtracting taxes on lost property)
+ This year’s adjusted tax base
(after subtracting value of new property)
- This year’s effective tax rate
$
446,117.71
$ 191,130,924.00
$
.24387 /$100
Top nature photos
on display at STISD
More than 50 award-winning na- to educate the public about the special
ture photographs are on display beauty of our region.”
through September 11 in Mercedes at The free exhibit is open to visitors
Biblioteca Las Americas, the South 1.o :
— . on weekdays from 8 a.m. to 7 p.m.
exas schoo strict s library. Biblioteca Las Americas is located off
The photographs were winners in Expressway 83 at the Mile 2 West exit
the 1996 Valley Land Fund Wildlife in Mercedes. For exhibit information,
Photo Contest. Visitors to the exhibit 1 1.1 11 #14 1040
. , . one should call (956) 514-4268.
■ will find photos of such animals as a .
Rio Grande leopard frog, a western The Valley Land Fund, a non-profit
diamondback rattlesnake, a bobcat and organization formed in 1987 to iden-
an American alligator. All of the pho- tify and protect unique natural areas,
tos were taken on private land in holds thephoto contestevery two years.
Hidalgo, Cameron, Willacy and Starr Winners of the 1998 contest will be
Counties. announced August 29 in a fiesta event
“These photos show that the Val- at the McAllen Civic Center.
ley is home to a wide diversity of For information on the 1998 Photo
wildlife,” said Martha Hefling, photo Contest Awards Evening, one should
contest coordinator. “The images help call (956) 682-5566.
In the first year a hospital district or city collects the additional sales tax to reduce property
taxes, it must insert the following lines unless its first adjustment was made last year:
- Sales tax adjustment rate
- Effective tax rate
$.
/$100
/$100
TAKE A
This year's rollback tax rate:
Last year’s adjusted operating taxes
(after subtracting taxes on lost property and
adjusting for transferred function)
+ This year’s adjusted tax base
= This year’s effective operating rate
x 1.08 = this year’s maximum operating rate
+ This year’s debt rate
= This year’s rollback rate
FRIEND TO
$ 186,756.00
$ 191,130,924.00________
$ _______.09771 /$100
$________________.10552 /$100
$.14191 /$100
$
.24743 /$100
A hospital district or city that collects the additional sales tax to reduce property taxes, includ-
ing one that collects the tax for the first time this year, must insert the following lines:
- Sales tax adjustment rate
- Rollback tax rate
$
$
/$100
/$100
Fora taxing unit with additional rollback rate for pollution control, insert the following lines:
+ Additional rate for pollution control
= Rollback tax rate
$.
$.
/$100
/$100
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
. Balance
Schedule B
1998 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 Debt
Principal or
Contract Payment
to be Paid from
Property Taxes
$ 205,432.30
Interest to
to be Paid Other Amounts
from Property to be Paid
Taxes
$ 73,711.12 $ 351.58
$
Total
Payment
COLLEGE
Send your son or daughter, away at college or-
vocational school, their hometown newspaper —
The Mercedes Enterprise. Think of the pleasure it:
will give them keeping up with local news. There is
nothing equal to the Enterprise for brightening
school days away from home.
(expand as needed)
Total required for 1998 debt service •
- Amount (if any) paid from funds listed in Schedule A
- Excess collections last year
- State aid for facilities
- Total to be paid from taxes in 1998 .
+ Amount added in anticipation that the unit will
$ 279.495.00
$ -0-
$ -0-
$ 279,495.00
$ -0-
$19.50
The Merced
Enterprise
collect only
= Total Debt Levy
% of its taxes in 1998
$ -0-
5 279,495.00
| Sign me up for a student subscription to the Mercedes
for one year and
Enterprise. I am enclosing $19.50
$29.50 • for two years.
NAME:
This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full
calculations at 301 & Second, Mercedes, TX District Office
Name of person preparing this notice: Judy Beall
Title: Tax Assessor-Collector
Date Prepared: August 18.1998
ADDRESS:
RENEWAL □
NEWSUBSCRIPTION
CITY:
ZIP CODE:
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The Mercedes Enterprise (Mercedes, Tex.), Vol. 86, No. 34, Ed. 1 Wednesday, August 26, 1998, newspaper, August 26, 1998; (https://texashistory.unt.edu/ark:/67531/metapth1632225/m1/2/?rotate=90: accessed June 23, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Dr. Hector P. Garcia Memorial Library.