Updated 8-12-2021

NOTICE ABOUT 2021 TAX RATES

Property Tax Rates in CITY OF DUNCANVILLE

This notice concerns the 2021 property tax rates for City of Duncanville. 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 $100 of property value.

This year’s no-new-revenue tax rate:
This year’s voter-approval tax rate:

$0.673838/$100
$0.702073/$100

To see the full calculations, please visit www.DallasCounty.org for a copy of the Tax Rate Calculation Worksheets.

Unencumbered Fund Balance

The following estimated balances will be left in the unit’s accounts at the end of the fiscal year.

These balances are not encumbered by a corresponding debt obligation.

Type of Fund
General Fund
Debt Service Fund

Balance
10,945,525
1,326,788

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).

Description of Debt

Principal or Contract
Payment to be Paid
from Property Tax

Interest to be Paid
from Property Tax

Other
Amount
to be Paid

Total Payment

Debt

755,000

726,757

0

1,481,757

Total required by 2021 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 2021
+ Amount added in anticipation that taxing unit will collect only 100.84% of its taxes in 2021
= Total debt levy

$1,481,757

$71,200
$27,600
$106,310

$1,276,647
$-10,635
$1,266,012

This notice contains a summary of actual no-new-revenue and voter-approval calculations as certified by John R. Ames, PCC, CTA, Tax Assessor/Collector on August 4, 2021.