Page 25 - Crowley FY21 Budget

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2020 Tax Rate Calculation Worksheet
City of Crowley

De Minimis Rate
The de minimis rate is the rate equal to the sum of the no- new - revenue maintenance and operations
rate, the rate that will raise $500,000, and the current debt rate for a taxing unit. 42

This section should only be completed by a taxing unit that is a municipality of less than 30, 000 or a
taxing unit that does not meet the definition ofa special taxing unit. 43

66. Adjusted 2020 NNR M &O tax rate. Enter the rate from line 38 of the Voter -
Approval Tax Rate Worksheet. 0. 474918/$ 100

67. 2020 total taxable value. Enter the amount from line 21 of the No -New-
Revenue Tax Rate Worksheet. 1, 115, 308, 980
68. Rate necessary to impose $500,000 in taxes. Divide $ 500,000 by line 67 and
multiply by $ 100. 0. 04483/$ 100
69. 2020 debt rate. Enter the rate from line 46 of the Voter - Approval Tax Rate
Worksheet. 0. 186896/$ 100
70. De minimis rate. Add lines 66,68, and 69. 0.706644/$ 100

42 Tex. Tax Code § 26. 012( 8 -a)
43 Tex. Tax Code § 26. 063( a)( 1)

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