Notice About 2021 Tax Rates
Property Tax Rates in CITY OF NIXON
This notice concerns the 2021 property tax rates for CITY OF NIXON. This notice provides
information about two tax rates used in adopting the current tax year’s tax rate. The no-new-revenue
tax rate would Impose the same amount of taxes as last year if you compare properties taxed in both
years. In most cases, the voter-approval tax rate is the highest tax rate a taxing unit can adopt without
holding an election. In each case, these rates are calculated by dividing the total amount of taxes by
the current taxable value with adjustments as required by state law. The rates are given per $100 of
This year’s no-new-revenue tax rate: $0.3674/$100
This year’s voter-approval tax rate: $0.3853/$100
To see the full calculations, please visit for a copy of the Tax Rate Calculation Worksheet.
Unencumbered Fund Balance
The following estimated balances will be left in the unit’s accounts at the end of the fiscal year.
These balances are not encumbered by a corresponding debt obligation.
Type of Fund Balance
Current Year Debt Service
The following amounts are for long-term debts that are secured by property taxes. These amounts
will be paid from upcoming property tax revenues (or additional sales tax revenues, if applicable).
Description of Debt
Principal or Contract
Payment to be Paid
from Property Taxes
Interest to be
to be Paid Total Payment
0 0 0 0
Total required for 2021 debt service $0
– Amount (if any) paid from funds listed in
unencumbered funds $0
– Amount (if any) paid from other resources $0
– Excess collections last year $0
= Total to be paid from taxes in 2021 $0
+ Amount added in anticipation that the unit will
collect only 95.00% of its taxes in 2021 $0
= Total debt levy $0
This notice contains a summary of actual no-new-revenue and voter-approval calculations as
certified by , on .