Page 439 - City of Bedford FY21 Budget

Taxing Units Other Than School Districts or Water Districts Date: 07/29/2020 10:38 AM

2020 Tax Rate Calculation Worksheet

2020 City of Bedford 817 952-2100
Taxing Unit Name Phone (area code and number
2000 Forest Ridge Drive, Bedford, TX, 76021 http://www.bedfordtx.gov
Taxing Unit Address, City, State, ZIP Code Taxing Unit's Website Address

GENERAL INFORMATION: Tax Code Section 26.04(c) requires an officer or employee designated by the governing body to
calculate the no-new-revenue (NNR) tax rate and voter-approval tax rate for the taxing unit. These tax rates are expressed in dollars per
$100 of taxable value calculated. The calculation process starts after the chief appraiser delivers to the taxing unit the certified appraisal
roll and the estimated values of properties under protest. The designated officer or employee shall certify that the officer or employee has
accurately calculated the tax rates and used values shown for the certified appraisal roll or certified estimate. The officer or employee
submits the rates to the governing body by Aug. 7 or as soon thereafter as practicable.
School districts do not use this form, but instead use Comptroller For 50-859 Tax Rate Calculation Worksheet for School Districts.
Water districts as defined under Water Code Section 49.001(1) should use Comptroller Form 50-858 Water District Rollback Tax Rate
Worksheet. All other taxing units should use Comptroller Form 50-856 Tax Rate Calculation, Taxing Units Other Than School Districts.
The Comptroller's office provides this worksheet to assist taxing units in determining tax rates. The information provided in this
worksheet is offered as technical assistance and not legal advice. Taxing units should consult legal counsel for interpretations of law
regarding tax rate preparation and adoption.

STEP 1: No-New-Revenue Tax Rate

The NNR tax rate enables the public to evaluate the relationship between taxes for the prior year and for the current year based on a tax
rate that would produce the same amount of taxes (no new taxes) if applied to the same properties that are taxed in both year.

The NNR tax rate for a county is the sum of the NNR tax rates calculated for each type of tax the county levies.

While uncommon, it is possible for a taxing unit to provide an exemption for only maintenance and operation taxes. In this case, the
taxing unit will need to calculate the NNR tax rate separately for the maintenance and operations tax and the debt tax, then add the two
components together.
Line No-New-Revenue Rate Activity Amount/Rate
1. 2019 total taxable value. Enter the amount of 2019 taxable value on the 2019 tax $4,688,608,354
roll today. Include any adjustments since last year's certification; exclude Tax Code
Section 25.25(d) one-fourth and one-third over-appraisal corrections from these
adjustments. Exclude any property value subject to an appeal under Chapter 42 as of
July 25 (will add undisputed value in Line 6). This total includes the taxable value of
homesteads with tax ceilings (will deduct in Line 2) and the captured value for tax
increment financing (will deduct taxes in Line 17).
2. 2019 tax ceilings. Counties, cities and junior college districts. Enter 2019 total $875,284,733
taxable value of homesteads with tax ceilings. These include the homesteads of
homeowners age 65 or older or disabled. Other taxing units enter 0. If your taxing
unit adopted the tax ceiling provision in 2019 or a prior year for homeowners age 65
or older or disabled, use this step
3. Preliminary 2019 adopted taxable value. Subtract Line 2 from Line 1. $3,813,323,621

4. 2019 total adopted tax rate $.569000
5. 2019 taxable value lost because court appeals of ARB decisions reduced 2019
appraised value:
A. Original 2019 ARB values: $691,793,720
B. 2019 values resulting from final court decisions: $625,321,851

C. 2019 value loss. Subtract B from A.[3] $66,471,869
6. 2019 taxable value subject to appear under Chapter 42, as of July 25.
403
A. 2019 ARB certified value
1001.1.6