The County Tax Assessor receives the certified tax roll from the Victoria Central Appraisal District and uses documentation of funds from each taxing entity to calculate the following rates:
The No-New-Revenue Tax Rate is the tax rate that would generate the same amount of revenue in the current tax year as was generated by a taxing unit’s adopted tax rate in the preceding tax year from property that is taxable in both the current tax year and the preceding tax year.
The No-New-Revenue Maintenance and Operations Rate is the tax rate that would generate the same amount of revenue for maintenance and operations in the current tax year as was generated by a taxing unit’s maintenance and operations rate in the preceding tax year from property that is taxable in both the current tax year and the preceding tax year.
The Maintenance and Operations Rate (M&O) is the component of the adopted tax rate of a taxing unit that will impose the amount of taxes needed to fund the maintenance and operation expenditures of the taxing unit for the following year.
The Debt Rate (I&S) is the component of the adopted tax rate of a taxing unit that will impose the amount of taxes needed to fund the taxing unit’s debt service for the following year.
The Voter-Approval Rate is the highest tax rate a taxing unit may adopt before requiring voter approval at an election. An election (tax rate ratification (TRE), formally known as a Rollback Election) will automatically be held, if a taxing unit wished to adopt a tax rate in excess of the taxing unit’s voter-approval tax rate.
The Adopted Tax Rate is the tax rate adopted by the governing body of a tax unit. This rate is used to generate tax statements.
Tax Rate History