1	Tax Department
2	Current Year Collection Rate W/ Original Roll
3	Prior Year Collection Rate w/Original Roll
4	Truth in Taxation A Guide for Setting Tax Rates The Texas Constitution and Property Tax Code embody the concept of truth-in-taxation to require taxing units to comply with certain steps in adopting their tax rates.
5	Four Principals in Truth in Taxation Right to know of increases in property value and estimated taxes that could result from the new value. Most taxing units must publish effective and rollback rates before adopting an actual tax rate. Most taxing units must publish special notices and hold a public hearing before adopting a tax rate that exceeds the lower of the rollback rate or the effective tax rate. If a taxing unit adopts a rate that exceeds the rollback rate, voters may petition for an election to limit the rate to the rollback rate.
6	Effective Tax Rate The effective tax rate is a calculated rate that would provide the taxing unit with about the same amount of revenue it received in the year before, on properties taxed in both years.
7	Rollback Tax Rate The rollback rate is a calculated maximum rate allowed by law without voter approval. It provides the taxing unit with about the same amount of tax revenue it spent the previous year for day to day operations, plus an extra 8 percent for those operations, and sufficient taxes to pay its debts in the coming year.
8	Effective & Rollback Tax Rate Comparisons (Final calculations expected later this week.)
9	City of Laredo Tax Rate History
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