Page 226 - Grapevine FY19 Operating Budget

29. 2018 adjusted taxable value. Enter Line 23 from the Effective Tax Rate Worksheet. $8,337,484,485
30. 2018 effective maintenance and operations rate. Divide Line 28H by Line 29 and $0.136459/$100
multiply by $100.
31. 2018 rollback maintenance and operation rate. Multiply Line 30 by 1.08. $0.147375/$100

32. Total 2018 debt to be paid with property taxes and additional sales tax revenue.
Debt means the interest and principal that will be paid on debts that:
(1) are paid by property taxes,
(2) are secured by property taxes,
(3) are scheduled for payment over a period longer than one year and
(4) are not classified in the taxing unit's budget as M&O expenses.

A. Debt also includes contractual payments to other taxing units that have incurred debts on $13,366,005
behalf of this taxing unit, if those debts meet the four conditions above. Include only
amounts that will be paid from property tax revenue. Do not include appraisal district budget
payments. Enter debt amount.

B. Subtract unencumbered fund amount used to reduce total debt. $0

C. Subtract amount paid from other resources.
$0
D. Adjusted debt. Subtract B and C from A.
$13,366,005
33. Certified 2017 excess debt collections. Enter the amount certified by the collector. $0

34. Adjusted 2018 debt. Subtract Line 33 from Line 32D. $13,366,005

35. Certified 2018 anticipated collection rate. Enter the rate certified by the collector. If 100.00%
the rate is 100 percent or greater, enter 100 percent.

36. 2018 debt adjusted for collections. Divide Line 34 by Line 35 $13,366,005
37. 2018 total taxable value. Enter the amount on Line 19. $8,524,932,215

38. 2018 debt tax rate. Divide Line 36 by Line 37 and multiply by $100. $0.156787/$100

39. 2018 rollback tax rate. Add Lines 31 and 38. $0.304162/$100
40. COUNTIES ONLY. Add together the rollback tax rates for each type of tax the county
levies. The total is the 2018 county rollback tax rate.

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