Page 73 - FY 2020-21 Budget Cover.pub

AD VALOREM TAX DATA

TAXABLE VALUE
TAX VALUE 2019 Budget 2020 Proposed

Appraised Value 1,236,743,085 1,324,197,950
Exemptions & Deductions 263,367,154 305,153,493

NET TAXABLE VALUE 973,375,931 1,019,044,457

New Contruction Included 35,178,918 27,878,218
PROPERTY TAX CALCULATION
TOTAL TAXABLE VALUE 973,375,931 1,019,044,457

Proposed Tax Rate x 0.657204 0.657204
Tax Levy 6,397,066 6,697,211
Collection Rate x 1.0000 1.0000
NET COLLECTIONS 6,397,066 6,697,211

Increase (Decrease) from Previous July 25 Certifed Roll 300,145

PROPERTY TAX ALLOCATIONS
M & O DEBT SERVICE TOTAL
TOTAL TAX RATE LEVY LEVY LEVY
$0.657204 5,972,049 725,162 6,697,211
@ @ @
0.586044 0.071160 0.657204

No-New-Revenue Tax Rate 0.637750
Amt. Over (Under) No-New-Revenue Tax Rate 0.019454
Voter-Approval Tax Rate 0.648237
Amt. Over (Under) Voter-Approval Tax Rate 0.008967
De Minimis Tax Rate 0.677788
Amt. Over (Under) De Minimis Tax Rate (0.020584)

Note: The City Charter of the City of Azle does not provide for a debt limit. Under provisions of state law, the
maximum tax rate is limited to $2.50 per $100 assessed valuation.

Tax Rate Limit $ 2.500000
Proposed Tax Rate $ 0.657204
Available Tax Rate $ 1.842796

City of Azle 2020-2021 Budget 62