Page 70 - Benbrook FY20 Approved Budget
P. 70
CITY OF BENBROOK 2019-20 ANNUAL BUDGET
FY 2019-20 PROPERTY TAX CALCULATION
GROSS VALUATION $ 2,527,560,856
Less:
Exemptions and Adjustments
Veterans 26,107,003
Over-65 79,787,716
Homestead 31,429,313
Disabled Person 481,250
Other 105,415
Absolute Exemptions (churches, schools, and government) 68,932,871
Cases Before ARB 40,095,020
Incomplete, Pro-Rated, and Nominal Accounts 30,471,740
Add:
TAD Projected Value of Property Under Protest 27,776,424
Minimum Value of Incomplete Accounts 15,750,847
NET TAXABLE VALUE $ 2,293,677,799
Rate Per $100 Valuation $ 0.62777
2019-20 Tax Levy $ 14,399,021
Collection rate 98.0%
TOTAL FY 2019-20 ESTIMATED PROPERTY TAX COLLECTIONS $ 14,111,041
Proposed Tax Distribution
Estimated
Fund Tax Rate Percentage Collections
General Fund 0.60647 96.61% $ 13,632,258
Debt Service Fund 0.02130 3.39% 478,782
Totals 0.62777 100.00% $ 14,111,041
70 | P a g e
