Page 81 - Honorable Mayor and Members of the City Council
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2018-19 PROPERTY TAX CALCULATION
GROSS VALUATION $2,377,391,093
Less:
Exemptions and Adjustments
Veterans 21,232,656
Over-65 76,507,440
Homestead 30,633,538
Disabled Person 451,250
Other 12,677,690
Absolute Exemptions (churches, schools, and government) 137,403,538
Cases Before ARB 49,979,876
Incomplete, Pro-Rated, and Nominal Accounts 9,453,739
Add:
TAD Projected Value of Property Under Protest 49,454,502
Minimum Value of Incomplete Accounts 163,347
NET TAXABLE VALUE $2,088,669,215
Rate Per $100 Valuation $ 0.6400
2018-19 Tax Levy $ 13,367,483
TOTAL 2018-19 ESTIMATED PROPERTY TAX COLLECTIONS $ 13,367,483
Proposed Tax Distribution
Estimated
Fund Tax Rate Percentage Collections
General Fund 0.6075 94.92 $12,688,665
Debt Service Fund 0.0325 05.08 678,818
TOTALS 0.6400 100.00 $13,367,483
CITY OF BENBROOK 2018-19 ANNUAL BUDGET
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