Page 17 - City of Crowley FY22 Operating Budget

2021 Tax Rate Calculation Worksheet
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. 44

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 of a snecial taxine unit. 45
68. Adjusted 2021 NNR M &O tax rate. Enter the rate from line 39 of the Voter -
0.508313/$ 100
Approval Tax Rate Worksheet.
69. 2021 total taxable value. Enter the amount from line 21 of the No -New-
Revenue Tax Rate Worksheet. 1, 138, 386,905
70. Rate necessary to impose $500,000 in taxes. Divide $500,000 by line 69 and
0. 043921/$ 100
multiply by $ 100.
71. 2021 debt rate. Enter the rate from line 48 of the Voter - Approval Tax Rate
0. 2034431$ 100
Worksheet.
0. 755677/$ 100
72. De minimis rate. Add lines 68,70, and 71.

44 Tex. Tax Code § 26. 012( 8 -a)
45 Tex. Tax Code § 26.063( a)( 1)