Page 76 - Azle City Budget 2019
P. 76
AD VALOREM TAX DATA
TAXABLE VALUE
TAX VALUE 2017 Budget 2018 Adopted
Appraised Value 1,068,398,649 1,155,417,469
Exemptions & Deductions 267,337,517 267,501,323
NET TAXABLE VALUE 801,061,132 887,916,146
New Contruction Included 29,083,912 32,578,488
PROPERTY TAX CALCULATION
TOTAL TAXABLE VALUE 801,061,132 887,916,146
Proposed Tax Rate x 0.6715 0.667287
Tax Levy 5,379,126 5,924,949
Collection Rate x 1.0000 1.0000
NET COLLECTIONS 5,379,126 5,924,949
Increase (Decrease) from Previous Year 545,824
PROPERTY TAX ALLOCATIONS
M & O DEBT SERVICE TOTAL
TOTAL TAX RATE LEVY LEVY LEVY
$0.6673 5,110,560 814,389 5,924,949
@ @ @
0.575568 0.091719 0.667287
Effective Tax Rate 0.629430
Amt. Over (Under) Effective Rate 0.037857
Rollback Tax Rate 0.667287
Amt. Over (Under) Rollback Rate 0.000000
Note: The City Charter of the City of Azle does not provide for a debt limit. Under provisions of state law, the
maximum tax rate is limited to $2.50 per $100 assessed valuation.
Tax Rate Limit $ 2.500000
Proposed Tax Rate $ 0.667287
Available Tax Rate $ 1.832713
City of Azle 2018-2019 Budget 64
