Page 69 - Benbrook FY2021
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FY 2020-21 PROPERTY TAX CALCULATION
GROSS VALUATION $ 2,656,003,882
Less:
Exemptions and Adjustments
Veterans 29,276,543
Over-65 80,128,623
Homestead 31,599,427
Disabled Person 297,500
Other -
Absolute Exemptions (churches, schools, and government) 82,154,965
Cases Before ARB 107,534,365
Incomplete, Pro-Rated, and Nominal Accounts 32,373,216
Add:
TAD Projected Value of Property Under Protest 73,139,760
Minimum Value of Incomplete Accounts 11,505,575
NET TAXABLE VALUE $ 2,377,284,578
Rate Per $100 Valuation $ 0.62250
2020-21 Tax Levy $ 14,798,596
Collection rate 100.0%
TOTAL FY 2020-21 ESTIMATED PROPERTY TAX COLLECTIONS $ 14,798,596
Tax Distribution
Estimated
Fund Tax Rate Percentage Collections
General Fund 0.60150 96.63% $ 14,299,367
Debt Service Fund 0.02100 3.37% 499,230
Totals 0.62250 100.00% $ 14,798,596
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