Page 247 - Grapevine FY22 Adopted Budget v2

2021 Tax Rate Calculation Worksheet Date: 08/04/2021 09:43 AM

Taxing Units Other Than School Districts or Water Districts
City of Grapevine 817-481-1242
Taxing Unit Name Phone (area code and number)
200 Main St, Grapevine, TX 76051 www.grapevinetexas.gov
Taxing Unit's Address, City, State, ZIP Code Taxing Unit's Website Address

GENERAL INFORMATION: Tax Code Section 26.04(c) requires an officer or employee designated by the governing body to calculate the
No-New-Revenue (NNR) tax rate and Voter-Approval tax rate for the taxing unit. These tax rates are expressed in dollars per $100 of taxable
value calculated. The calculation process starts after the chief appraiser delivers to the taxing unit the certified appraisal roll and the estimated
values of properties under protest. The designated officer or employee shall certify that the officer or employee has accurately calculated the
tax rates and used values shown for the certified appraisal roll or certified estimate. The officer or employee submits the rates to the governing
body by Aug. 7 or as soon thereafter as practicable.

School districts do not use this form, but instead use Comptroller Form 50-859 Tax Rate Calculation Worksheet, School Districts without
Chapter 313 Agreements or Comptroller Form 50-884 Tax Rate Calculation Worksheet, School District with Chapter 313 Agreements.

Water districts as defined under Water Code Section 49.001(1) do not use this form, but instead use Comptroller Form 50-858 Water District
Voter-Approval Tax Rate Worksheet for Low Tax Rate and Developing Districts or Comptroller Form 50-860 Developed Water District Voter-
Approval Tax Rate Worksheet.

The Comptroller's office provides this worksheet to assist taxing units in determining tax rates. The information provided in this worksheet is
offered as technical assistance and not legal advice. Taxing units should consult legal counsel for interpretations of law regarding tax rate
preparation and adoption.
SECTION 1: No-New-Revenue Tax Rate
The NNR tax rate enables the public to evaluate the relationship between taxes for the prior year and for the current year based on a tax rate
that would produce the same amount of taxes (no new taxes) if applied to the same properties that are taxed in both years. When appraisal
values increase, the NNR tax rate should decrease.

The NNR tax rate for a county is the sum of the NNR tax rates calculated for each type of tax the county levies.

While uncommon, it is possible for a taxing unit to provide an exemption for only maintenance and operations taxes. In this case, the
taxing unit will need to calculate the NNR tax rate separately for the maintenance and operations tax and the debt tax, then add the two
components together.
No-New-Revenue Tax Rate Worksheet Amount/Rate

1. 2020 total taxable value. Enter the amount of 2020 taxable value on the 2020 tax roll
today. Include any adjustments since last year's certification; exclude Tax Code Section
25.25(d) one-fourth and one-third over-appraisal corrections from these adjustments.
Exclude any property value subject to an appeal under Chapter 42 as of July 25 (will add $9,206,526,591
undisputed value in Line 6). This total includes the taxable value of homesteads with tax
ceilings (will deduct in Line 2) and the captured value for tax increment financing
(adjustment is made by deducting TIF taxes, as reflected in Line 17). 1
2. 2020 tax ceilings. Counties, cities and junior college districts. Enter 2020 total taxable
value of homesteads with tax ceilings. These include the homesteads of homeowners age 65
or older or disabled. Other taxing units enter 0. If your taxing units adopted the tax ceiling $0
provision in 2020 or a prior year for homeowners age 65 or older or disabled, use this step. 2
3. Preliminary 2020 adjusted taxable value. Subtract Line 2 from Line 1. $9,206,526,591

4. 2020 total adopted tax rate. $0.282601/$100
5. 2020 taxable value lost because court appeals of ARB decisions reduced 2020
appraised value.
A. Original 2020 ARB values: $782,569,557
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