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Estimated Revenues from Current Property Taxes

Tennessee Code Annotated
Tennessee Attorney General Opinions
Reference Number: CTAS-2094

________________  County, Tennessee
Statement of Estimated Revenues from Current Property Taxes
20__ Assessments Based upon Estimated
Assessed Valuation of $640,870,000

Fund

Proposed Tax Rate

Amount of Tax Levy

Reserve for Delinquency 9.0%

Net Estimated Collection of Taxes

General

$0.5568

$3,568,044

$321,124

$3,246,920

General Purpose School

$0.6987

$4,477,841

$403,006

$4,074,835

General Debt Service

$0.0855

$548,182

$49,336

$498,845

Total

$1.3410

$8,594,067

$773,466

$7,820,601

_______________  County, Tennessee
Statement of Estimated Revenues from Current Property Taxes
20__ Assessments Based upon Estimated
Assessed Valuation of $640,870,000

Fund

Proposed Tax Rate

Amount of Tax Levy

Reserve for Delinquency 9.0%

Net Estimated Collection of Taxes

General

$0.5568

$3,568,044

$321,124

$3,246,920

General Purpose School

$0.6987

$4,477,841

$403,006

$4,074,835

General Debt Service

$0.0855

$548,182

$49,336

$498,846

Rural Debt Service (inside city or SSD)

$     -

$      -

$      -

$      -

Rural Debt Service (outside city or SSD)

$0.2000

$1,237,360

$111,362

$1,125,998

Total

$1.5410

$9,831,427

$884,828

$8,946,599

Notes:

  1. The Assessment for the Rural Debt Service Fund tax rate is $618,680,000 – excludes SSD or city assessment
  2. ADA Proration:

 

Percentage

Amount

General Purpose School Fund

93.50%

$3,809,971

City or Special School District

6.50%

$264,864

Total

100.00%

$4,074,835
  1. Rate of $0.00 for ___________ Special School District