Board of Directors Budget Workshop #1


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Meeting Date: 08/03/2020  

SUBJECT MATTER:
Receive, consider and accept a report regarding the 2020 no-new-revenue tax rate and voter-approval tax rate; 
FISCAL IMPACT:
Not known at this time
BACKGROUND:
Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenue (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same properties taxed in both years.
 
The debt service rate is the rate that produces the amount of revenue needed to satisfy debt obligations secured by property tax revenue. 
 
The voter-approval (rollback) rate is the total of the effective maintenance and operations rate (the portion of the tax rate that is not used for debt service) multiplied by 3.5%, plus the debt service rate.  For the 2020 tax year (2021 budget year), the multiplying factor is 8.0% due to the disaster declaration issued by the Governor's office regarding the COVID-19 pandemic.  For the 2020 tax year, the tax assessor has calculated an effective maintenance and operations rate of $0.xxxx.  This rate when multiplied by 8% = $0.xxxx.  Adding the debt service rate of $0.xxxx produces a voter-approval rate of $0.xxxx.  If the property tax rate is set above the voter-approval rate, an election to approve the voter-approval rate will be required on November 3, 2020.  
 
Please note that the Harris County taxable value information for the Village of Creekside Park will be based on May 2020 preliminary values.  Certified values from Harris County will not be available until August 21. 
 
The purpose of this agenda item is only to accept the tax rate worksheets prepared by the Montgomery County Tax Assessor’s Office.  The proposed 2020 tax rate for the Township’s 2021 budget will be discussed during the budget workshop meetings and voted on as a separate agenda item.

Information regarding the no-new-revenue tax rate (previously referred to as the effective rate) and the voter-approval tax rate (previously referred to as the rollback rate) will be provided by the Montgomery County Tax Assessor’s Office sometime during the week of August 3 - 7, 2020, which is the week of the budget workshop meetings.  Once staff receives this tax rate information, the chart and accompanying narrative below will be updated and provided to the Board of Directors.  Because staff does not know the exact date the tax rate information will be received from the tax assessor's office, this item has been placed on the agenda for each of the budget workshop meetings.
 
 
Montgomery County Harris County Total 
2020 Taxable Values                                                                        
2019 Taxable Values       
Total Increase in taxable property values      
       
2020 taxable values attributable to new properties      

  
2019 adopted tax rate (2020 budget year) = $0.2240          
2020 no-new-revenue (effective) tax rate (2021 budget year) = 
2020 debt service rate = 
2020 voter-approval (rollback) rate = 
 
The no-new-revenut (effective) tax rate is the rate that would produce the same amount of property tax revenue for the 2020 and 2021 budget years if applied to the same