Notice of Tax Rates
August 12, 2020
In the interest of financial transparency and fiduciary responsibility, the Alamo Colleges District is providing the public with the following information.
Below you will find a Notice of Tax Rates document which concerns the 2020 property tax rates for the Alamo Colleges District. One is the no-new-revenue tax rate, which would impose the same amount of taxes as last year if you compare properties taxed in both years.
The other, the voter-approval tax rate, is the highest tax rate a taxing unit can adopt without holding an election. The tax information is provided by the Office of the Bexar County Tax Assessor-Collector Albert Uresti, MPS, PCC.
NOTICE OF TAX RATES
Property Tax Rates in ALAMO COMMUNITY COLLEGE DISTRICT. This notice concerns the 2020 property tax rates for ALAMO COMMUNITY COLLEGE DISTRICT. This notice provides information about two tax rates. The no-new-revenue tax rate would impose the same amount of taxes as last year if you compare properties taxed in both years. 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: 0.147871
= This year's total voter-approval tax rate: 0.160493
To see the full calculations please visit The Office of the Bexar County Tax Assessor-Collector Albert Uresti, MPA, PCC for a copy of the Tax Rate.
Unencumbered Fund Balances
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 I&S |
Balance 10,838,000 0 0 |
Current Year 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 | Interest to be Paid from Property Taxes | Other Amounts to be Paid |
Total Payment |
| Limited Tax Series | 14,450,000 | 15,698,775 | 0 | 30,148,775 |
| Maintenance Tax Notes | 36,560,000 | 3,967,683 | 0 | 40,527,683 |
| 0 | 0 | 0 | 0 | |
| Total required for 2020 debt service |
70,676,458 | |||
| - Amount (if any) paid from Schedule A |
0 | |||
| - Amount (if any) paid from other resources |
0 | |||
| - Excess collections last year | 0 | |||
| = Total to be paid from taxes in 2020 | 70,676,458 | |||
| collect only 98% of its taxes in 2020 |
1,185,726 | |||
| =Total debt levy | 71,862,184 | |||
This notice contains a summary of the no-new-revenue and voter-approval calculations as certified on 8/3/20 by:
The Office of the Bexar County Tax Assessor-Collector Albert Uresti, MPA, PCC Carlos Gutierrez, PCC
Property Tax Division Director
233 N. Pecos-La Trinidad, San Antonio, TX 78207 210-335-6600
taxoffice@bexar.org
home.bexar.org/tax