Page 114 - Hurst FY20 Approved Budget
P. 114
CITY OF HURST
2019-2020 Certified Value
.597299 Tax Rate
AD VALOREM TAX REVENUE
2019-2020
2019 Certified Roll
Total Appraised Value less Absolute Exemptions $3,998,529,600
Less Protested Property (48,547,238)
Less Incomplete Property (incl. in process) (32,981,013)
Less Partial Exemptions (502,483,257)
Total Net Taxable Value $3,414,518,092
Tax Rate Per $100 Valuation $0.597299
Estimated Tax Levy 20,394,882
Estimated Collection Allowance (98.5%) (305,923)
Less Senior & Disabled Tax Ceiling (1,085,000)
Estimated Current Collections $19,003,959
Estimated Delinquent Collections 125,000
Estimated Available Funds $19,128,959
ADOPTED DISTRIBUTION
Current $0.478236 80.07% $16,329,454.74
Less collection rate allocation (98.5%) (244,942)
Less tax ceiling (870,000)
Subtotal $15,214,513
Prior Years 115,000
Total General Fund $15,329,513
Current (includes allowance for tax ceiling) $0.119063 19.93% $4,065,428
Less collection allowance (98.5%) (60,981)
Less tax ceiling (215,000)
Subtotal $3,789,447
Prior Years 10,000
Total Debt Service Fund $3,799,447
TOTAL TAX REVENUE $19,128,960
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