Property Tax Rates in City of Ore City
This notice concerns the 2020 property tax rates for City of Ore City. This notice provides information about two tax rates. The no-new-revenue tax rate
would impose the same amount of taxes as last year if you compare properties taxed in both years. 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 property value.

This year’s no-new-revenue tax rate: $0.711885
This year’s voter-approval tax rate: $0.739097

To see the full calculations, please visit for a copy of the Tax Rate Calculation

Unencumbered Fund Balances
The following estimated balances will be left in the taxing unit’s accounts at the end of the fiscal year. These balances are not encumbered by corresponding
debt obligation.
Type of Fund                                                          Balance
FD INS                                                                    26,264

Current Year Debt Service
The unit plans to pay the following amounts 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                      Interest to be paid from Property Taxes                     Other Amount to be Paid               Total Payment                                                                                                                    Payment to be Paid from
Property Taxes

FD Expansion Project                                                          15,887                                                     5,019                                                                                                         0                                   20,906

Total required for 2020 debt service                                                                                              20,906
– 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 2020                                                                                             20,906
collect only 100.00% of its taxes in 2020                                                                                                 0
=Total debt levy                                                                                                                                    20,906

This notice contains a summary of the no-new-revenue and voter-approval calculations as certified by Luana Howell,  Upshur County Tax Assessor-Collector on August 10, 2020.