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NOTICE ABOUT 2020 TAX RATES
Property Tax Rates in City of Lamesa
This notice concerns the 2020 property tax rates for City of Lamesa. 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 property value.
This year's no-new-revenue tax rate:
This year's voter-approval tax rate:
To see the full calculations, please visit
for a copy of the Tax Rate Calculation Worksheets.
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 Balance
GENERAL FUND 2,679,333
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 upcoming 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
Total required for 2020 debt service 0
-Amount (if any) paid from funds listed in unencumbered funds 0
- Amount (if any) paid from other resources 0
- Excess collections last year 0
= Total to be paid from taxes in 2020 0
collect only 94.00% of its taxes in 2020 0
=Total debt levy 0
This notice contains a summary of the no-new-revenue and voter-approval calculations as certified by, on.
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN TO ALL INTERESTED PERSONS, THAT:
The City Council of the City of Lamesa, Texas will convene a public hearing on August 25, 2020 at 5:30 p.m. at City Hall, 601 S. 1st Street, Lamesa, Texas in accordance with State Law (Local Government Code, Chapter 102.0065), to hear a report from the City Manager and to hear comments from the public regarding the proposed Annual Budget for Fiscal Year 2020-2020 beginning on October 1, 2020.