Page 250 - Grapevine FY22 Adopted Budget v2

22. Total 2021 taxable value of properties in territory annexed after Jan. 1, 2020.
Include both real and personal property. Enter the 2021 value of property in territory $0
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annexed.
23. Total 2021 taxable value of new improvements and new personal property located
in new improvements. New means the item was not on the appraisal roll in 2020. An
improvement is a building, structure, fixture or fence erected on or affixed to land. New
additions to existing improvements may be included if the appraised value can be $164,616,800
determined. New personal property in a new improvement must have been brought into the
taxing unit after Jan. 1, 2020, and be located in a new improvement. New improvements do
include property on which a tax abatement agreement has expired for 2021. 19

24. Total adjustments to the 2021 taxable value. Add Lines 22 and 23. $164,616,800

25. Adjusted 2021 taxable value. Subtract Line 24 from Line 21. $9,799,550,506
26. 2021 NNR tax rate. Divide Line 17 by Line 25 and multiply by $100. 20 $0.270644/$100

27. COUNTIES ONLY. Add together the NNR tax rates for each type of tax the county
levies. The total is the 2021 county NNR tax rate. 21

1 Tex. Tax Code Section 26.012(14) Tex. Tax Code Section 26.01(c) and (d)
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2 Tex. Tax Code Section 26.012(14) Tex. Tax Code Section 26.01(c)
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3 Tex. Tax Code Section 26.012(13) Tex. Tax Code Section 26.01(d)
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4 Tex. Tax Code Section 26.012(13) Tex. Tax Code Section 26.012(6)(b)
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5 Tex. Tax Code Section 26.012(15) Tex. Tax Code Section 26.012(6)
6 Tex. Tax Code Section 26.012(15) Tex. Tax Code Section 26.012(17)
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7 Tex. Tax Code Section 26.012(15) Tex. Tax Code Section 26.012(17)
8 Tex. Tax Code Section 26.03(c) Tex. Tax Code Section 26.04(c)
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9 Tex. Tax Code Section 26.012(13) Tex. Tax Code Section 26.04(d)
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10 Tex. Tax Code Section 26.012(13) Reserved for expansion
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11 Tex. Tax Code Section 26.012,26.04(c-2) Tex. Tax Code Section 26.044
12 Tex. Tax Code Section 26.03(c) Tex. Tax Code Section 26.0441
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