Property Tax Rates in Dallas College
This notice concerns the 2020 property tax rates for Dallas College. 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: $0.131367
This year's voter-approval tax rate: $0.140185
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: General Fund
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: Debt service
Principal or Contract Payment to be Paid from Property Taxes: 47,425,000
Interest to be Paid from Property Taxes: 6,218,198
Other Amounts to be Paid: 0
Total Payment: 53,643,198
Total required for 2020 debt service
Amount (if any) paid from funds listed in unencumbered funds
Amount (if any) paid from other resources
Excess collections last year
Total to be paid from taxes in 2020
Collect only 100.00% of its taxes in 2020
Total debt levy
To see the full calculations, please visit the
Dallas County website for a copy of the Tax Rate Calculation Worksheets.
This notice contains a summary of the no-new-revenue and voter-approval calculations as certified by John R. Ames, Tax Assessor Collector on July 30, 2020.