Page 136 - Hurst FY19 Approved Budget
P. 136
CITY OF HURST
2018-2019 APPROVED BUDGET
0.58 TAX RATE
AD VALOREM TAX REVENUE
2018-2019
2018 CERTIFIED ROLL
Total Appraised Value $3,624,770,418
Less Protested Property (23,637,499)
Less Incomplete Property (34,219,245)
Less Exemptions (463,071,573)
Total Net Taxable Value $3,103,842,101
Tax Rate Per $100 Valuation $0.580000
Estimated Tax Levy 18,002,284
Estimated Collection Allowance (98.5%) (270,034)
Less Senior & Disabled Tax Ceiling (780,000)
Estimated Current Collections $16,952,250
Estimated Delinquent Collections 125,000
Estimated Available Funds $17,077,250
APPROVED DISTRIBUTION
Current $0.471551 81.30% $14,636,198
Less collection rate allocation (98.5%) (219,543)
Less tax ceiling (630,000)
Subtotal $13,786,655
Prior Years 115,000
Total General Fund $13,901,655
Current (includes allowance for tax ceiling) $0.108449 18.70% $3,366,086
Less collection allowance (98.5%) (50,491)
Less tax ceiling (150,000)
Subtotal $3,165,595
Prior Years 10,000
Total Debt Service Fund $3,175,595
TOTAL TAX REVENUE $17,077,250
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