City of Nederland 2023 Notice of Tax Rates 8-2-2023Notice About 2023 Tax Rates
Property tax rates in City of Nederland.
This notice concerns the 2023 property tax rates for City of Nederland. This notice provides
information about two tax rates used in adopting the current tax year's tax rate. The no -new -revenue
tax rate would impose the same amount of taxes as last year if you compare properties taxed in both
years. In most cases, 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 $lot] of
property value.
This year's no -new -revenue tax rate $0.439078/$100
This year's voter -approval tax rate $0.4676075100
To see the full calculations, please visit 1149 Pearl Street, Beaumont, Texas 77701 for a copy of the
Tax Rate Calculation Worksheet.
Unencumbered Fund Balance
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
Maintenance and Operations 16,370,303
Interest and sinking
150,362
Current Year Debt Service
The following amounts are 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).
Principal r r Contract Interest to be ether Amounts
Description of Debt Payment to he Paid Paid from to he Paid Total Payment
from Property Taxes Property Taxes
2013 Tax & Revenue CO'S 130,000 65,625 400 196,025
2017 Tax & Revenue CO'S 605,000 102,800 400 708,200
2020 Tax Notes 135,000 3,465 400 138,865
2021 Combination Tax & 250,000 83,494 400 333,894
Rev COs
2023 Combination Tax & 305,000 227,000 400 532,400
Rev COs
Total required for 2023 debt service
$1,909,384
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 2023
$1,909,384
+ Amount added in anticipation that the unit will
$0
collect only 100.00% of its taxes in 2023
= Total debt levy
$1,909,384
This notice contains a summary of actual no -new -revenue and voter -approval calculations as
certified by Cindy Savant, P.C.C., Jefferson County Tax Deputy Assessor -Collector on 08/02/2023 _
Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can
easily access information regarding your property taxes, including information about proposed tax
rates and scheduled public hearings of each entity that taxes your property.
The 8fith Texas Legislature modified the manner in which the voter -approval tax rate is calculated to
limit the rate of growth of property taxes in the state.