Page 6 - City of Crowley FY22 Operating Budget

2021 Tax Rate Calculation Worksheet
Crowley
No- New - Revenue Tax Rate ( continued)
9. 2020 taxable value of property in territory the taxing unit deannexed after
January 1, 2020. Enter the 2020 value of property in deannexed territory.5 0
10. 2020 taxable value lost because property first qualified for an exemption
in 2021. 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 2021 does not create a new exemption or reduce taxable value.
A. Absolute exemptions. Use 2020 market value: $ 2, 763
B. Partial exemptions. 2021 exemption amount or
2021 percentage exemption times 2020 value: + $ 3, 961, 472
C. Value loss. Add A and B. e 3, 964,235
11. 2020 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 2021. Use only those properties
that first qualified in 2021; do not use properties that qualified in 2020.
A. 2020 market value: $ 0
B. 2021 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. 3, 964,235
13. 2020 captured value of property in a TIF. Enter the total value of 2020
captured appraised value of property taxable by a taxing unit in a tax increment
financing zone for which 2020 taxes were deposited into the tax increment
fund.8 If the taxing unit has no captured appraised value in line 18D, enter 0. 46,503,564
14. Adjusted 2020 taxable value. Subtract line 12 and Line 13 from line 8. 1, 087,773,003

15. Adjusted 2020 total levy. Multiply line 4 by line 14 and divide by $ 100. 7, 612,300
16. Taxes refunded for years preceding tax year 2020. Enter the amount of taxes
refunded by the taxing unit for tax years preceding tax year 2020. Types of
refunds include court decisions, Tax Code § 25.25( b) and ( c) corrections and
Tax Code § 31. 11 payment errors. Do not include refunds for tax year 2020. This
line applies only to tax years preceding tax year 2020.9 50, 368
17. Adjusted 2020 levy with refunds and TIF adjustment. Add Lines 15 and 16.
1 a 7, 662,668

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 § 26.03( c)
9 Tex. Tax Code § 26.012( 13)
10 Tex. Tax Code § 26.012( 13)