Page 17 - Crowley FY21 Budget

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2020 Tax Rate Calculation Worksheet
City of Crowley

No- New - Revenue Tax Rate ( continued)
9. 2019 taxable value of property in territory the taxing unit deannexed after
January 1, 2019. Enter the 2019 value of property in deannexed territory,s 0
10. 2019 taxable value lost because property first qualified for an exemption
in 2020. If the taxing unit increased an original exemption, use the difference
between the original exempted amount and the increased exempted amount.
Do not include value lost due to freeport, goods -in- transit, temporary disaster
exemptions. Note that lowering the amount or percentage of an existing
exemption in 2020 does not create a new exemption or reduce taxable value.
A. Absolute exemptions. Use 2019 market value: $ 624, 717
B. Partial exemptions. 2020 exemption amount or
2020 percentage exemption times 2019 value: + $ 5, 486,285
C. Value loss. Add A and B. 6 6, 111, 002

11. 2019 taxable value lost because property first qualified for agricultural
appraisal ( 1 - d or 1 - d -1), timber appraisal, recreational /scenic appraisal or
public access airport special appraisal in 2020. Use only those properties
that first qualified in 2020; do not use properties that qualified in 2019.
A. 2019 market value: $ 0
B. 2020 productivity or special appraised value: -$ 0
C. Value loss. Subtract B from A.7 0

12. Total adjustments for lost value. Add lines 9, 10C and 11 C. 6, 111, 002
13. Adjusted 2019 taxable value. Subtract line 12 from line 8. 1, 064,261, 441
14. Adjusted 2019 total levy. Multiply line 4 by line 13 and divide by $ 100. 7, 258, 177
15. Taxes refunded for years preceding tax year 2019. Enter the amount of taxes
refunded by the taxing unit for tax years preceding tax year 2019. Types of
refunds include court decisions, Tax Code § 25. 25( b) and ( c) corrections and
Tax Code § 31. 11 payment errors. Do not include refunds for tax year 2019. This
line applies only to tax years preceding tax year 2019,8 0

16. Taxes in tax increment financing (TIF) for tax year 2019. Enter the amount of
taxes paid into the tax increment fund for a reinvestment zone as agreed by the
taxing unit. If the unit has no 2020 captured appraised value in Line 18D, enter
11011 9 266, 950
17. Adjusted 2019 levy with refunds and TIF adjustment. Add lines 14 and 15,
subtract line 16. 10 6, 991, 227

5 Tex. Tax Code § 26. 012( 15)
6 Tex, Tax Code § 26. 012( 15)
7 Tex. Tax Code § 26. 012( 15)
8 Tex. Tax Code § 26. 012( 13)
9 Tex, Tax Code § 26. 03( c)
10 Tex. Tax Code § 26. 012( 13)

7/28/ 2020, 2:54 PM
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