Page 93 - Pantego Adopted Budget FY21

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

Line Voter-Approval Tax Rate Worksheet Amount/Rate
41. Certified 2019 excess debt collections. Enter the amount certified by the collector. 28 0.00
$
42. Adjusted 2020 debt. Subtract Line 41 from Line 40E. $ 178,450.00

43. 2020 anticipated collection rate.
100.00 %
A. Enter the 2020 anticipated collection rate certified by the collector. 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B. Enter the 2019 actual collection rate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98.58 %

C. Enter the 2018 actual collection rate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99.95 %
100.24 %
D. Enter the 2017 actual collection rate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

E. If the anticipated collection rate in A is lower than actual collection rates in B, C and D, enter the lowest
collection rate from B, C and D. If the anticipated rate in A is higher than at least one of the rates in the
30
prior three years, enter the rate from A. Note that the rate can be greater than 100%. 100.00%
44. 2020 debt adjusted for collections. Divide Line 42 by Line 43E. $ 178,450.00

45. 2020 total taxable value. Enter the amount on Line 21 of the No-New-Revenue Tax Rate Worksheet. $ 360,617,790

46. 2020 debt rate. Divide Line 44 by Line 45 and multiply by $100. $ 0.049484 /$100

47. 2020 voter-approval tax rate. Add Lines 39 and 46. $ 0.541791 /$100

48. COUNTIES ONLY. Add together the voter-approval tax rates for each type of tax the county levies. The total is the 2020 county voter-approval
tax rate.
$ /$100

SECTION 3: NNR Tax Rate and Voter-Approval Tax Rate Adjustments for Additional Sales Tax to Reduce Property Taxes
Cities, counties and hospital districts may levy a sales tax specifically to reduce property taxes. Local voters by election must approve imposing or abolishing the additional sales
tax. If approved, the taxing unit must reduce its NNR and voter-approval tax rates to offset the expected sales tax revenue.
This section should only be completed by a county, city or hospital district that is required to adjust its NNR tax rate and/or voter-approval tax rate because it adopted the
additional sales tax.

Line Additional Sales and Use Tax Worksheet Amount/Rate

49. Taxable Sales. For taxing units that adopted the sales tax in November 2019 or May 2020, enter the Comptroller’s estimate of taxable sales for
the previous four quarters. Estimates of taxable sales may be obtained through the Comptroller’s Allocation Historical Summary webpage.
32
Taxing units that adopted the sales tax before November 2019, skip this line. $ 0.00

50. Estimated sales tax revenue. Counties exclude any amount that is or will be spent for economic development grants from the amount of esti-
33
mated sales tax revenue.
Taxing units that adopted the sales tax in November 2019 or in May 2020. Multiply the amount on Line 49 by the sales tax rate (.01,
.005 or .0025, as applicable) and multiply the result by .95. 34
- or -
Taxing units that adopted the sales tax before November 2019. Enter the sales tax revenue for the previous four quarters. Do not
multiply by .95. $ 322,723.00

51. 2020 total taxable value. Enter the amount from Line 21 of the No-New-Revenue Tax Rate Worksheet. $ 360,617,790

52. Sales tax adjustment rate. Divide Line 50 by Line 51 and multiply by $100. $ 0.089492 /$100

53. 2020 NNR tax rate, unadjusted for sales tax. Enter the rate from Line 26 or 27, as applicable, on the No-New-Revenue Tax Rate Worksheet. $ 0.435250/$100
35

54. 2020 NNR tax rate, adjusted for sales tax.
Taxing units that adopted the sales tax in November 2019 or in May 2020. Subtract Line 52 from Line 53. Skip to Line 55 if you
adopted the additional sales tax before November 2019.
$ /$100

29 Tex. Tax Code § 26.04(b)
30 Tex. Tax Code §§ 26.04(h), (h-1) and (h-2)
31 [Reserved for expansion]
32 Tex. Tax Code § 26.041(d)
33 Tex. Tax Code § 26.041(i)
34 Tex. Tax Code § 26.041(d)
35 Tex. Tax Code § 26.04(c)
36 Tex. Tax Code § 26.04(c)

For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 6