Page 396 - Hurst Budget FY21
P. 396

2020 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts   Form 50-856

       Line                                 No-New-Revenue Tax Rate Worksheet                           Amount/Rate
        8.  2019 taxable value, adjusted for actual and potential court-ordered adjustments. Add Line 3 and Line 7.  $ _____________
                                                                                                         2,950,334,660
        9.  2019 taxable value of property in territory the taxing unit deannexed after Jan. 1, 2019. Enter the 2019 value of property in deannexed
           territory.  5                                                                              $ _____________
                                                                                                                   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.
                                                                                                  0
              A.  Absolute exemptions. Use 2019 market value:.........................................................   $ _____________
              B. Partial exemptions. 2020 exemption amount or 2020 percentage exemption
                 times 2019 value:......................................................................................   + $ _____________
                                                                                           10,171,550
              C.  Value loss. Add A and B.  6                                                         $ _____________
                                                                                                           10,171,550
        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 properties that qualified in 2020 for the first time; do not use proper-
           ties 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 11C.                               $ _____________
                                                                                                           10,171,550
        13. Adjusted 2019 taxable value. Subtract Line 12 from Line 8.                                $ _____________
                                                                                                         2,940,163,110
        14. Adjusted 2019 total levy. Multiply Line 4 by Line 13 and divide by $100.                  $ _____________
                                                                                                           17,561,565
        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 Section 25.25(b) and (c) corrections and Tax Code Section 31.11 payment errors. Do not
           include refunds for tax year 2019. This line applies only to tax years preceding tax year 2019.  8  $ _____________
                                                                                                              348,949
        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 taxing unit has no 2020 captured appraised value in Line 18D, enter 0.  9  $ _____________
                                                                                                                0.00
        17. Adjusted 2019 levy with refunds and TIF adjustment. Add Lines 14, and 15, subtract Line 16.  10  $ _____________
                                                                                                           17,910,514
        18. Total 2020 taxable value on the 2020 certified appraisal roll today. This value includes only certified values or certified estimate of values
           and includes the total taxable value of homesteads with tax ceilings (will deduct in Line 20). These homesteads include homeowners age 65 or
           older or disabled.  11
                                                                                         3,235,114,783
             A.   Certified values:......................................................................................   $ _____________
                                                                                                  0
             B.  Counties: Include railroad rolling stock values certified by the Comptroller’s office: .......................   + $ _____________
             C.   Pollution control and energy storage system exemption: Deduct the value of property exempted
                                                                                                  0
                 for the current tax year for the first time as pollution control or energy storage system property:...........    - $ _____________
             D.  Tax increment financing: Deduct the 2020 captured appraised value of property taxable by a taxing
                 unit in a tax increment financing zone for which the 2020 taxes will be deposited into the tax increment
                 fund. Do not include any new property value that will be included in Line 23 below.   ....................    - $ _____________
                                                                                                  0
                                                                    12
             E.  Total 2020 value. Add A and B, then subtract C and D.                                $ _____________
                                                                                                         3,235,114,783




       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)
       11   Tex. Tax Code § 26.012, 26.04(c-2)
       12   Tex. Tax Code § 26.03(c)
                                                            384
                                       For additional copies, visit: comptroller.texas.gov/taxes/property-tax    Page 2
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