Page 100 - Hurst Budget FY21
P. 100
CITY OF HURST
2020-2021 Certified Value
$0.625159 Tax Rate
AD VALOREM TAX REVENUE
Fiscal Year 2020-2021
2020 Certified Roll
Total Appraised Value less Absolute Exemptions $4,113,582,160
Less Protested Property (97,629,040)
Less Incomplete Property (incl. in process) (32,204,207)
Less Partial Exemptions (504,096,291)
Total Net Taxable Value $3,479,652,622
Tax Rate Per $100 Valuation $0.625159
Estimated Tax Levy 21,753,362
Estimated Collection Allowance (98.5%) (326,300)
Less Senior & Disabled Tax Ceiling (1,400,000)
Estimated Current Collections $20,027,061
Estimated Delinquent Collections 125,000
Estimated Available Funds $20,152,061
APPROVED DISTRIBUTION
Current $0.504186 80.65% $17,543,927
Less collection rate allocation (98.5%) (263,159)
Less tax ceiling (1,135,000)
Subtotal $16,145,768
Prior Years 115,000
Total General Fund $16,260,768
Current (includes allowance for tax ceiling) $0.120973 19.35% $4,209,435
Less collection allowance (98.5%) (63,142)
Less tax ceiling (265,000)
Subtotal $3,881,293
Prior Years 10,000
Total Debt Service Fund $3,891,293
TOTAL TAX REVENUE $20,152,061
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