Page 86 - Hurst Adopted FY22 Budget
P. 86
APPROVED FISCAL YEAR 2022 BUDGET
2021 certified value
AD VALOREM TAX REVENUE
Fiscal Year 2021-2022
2021 Certified Roll
Total Appraised Value less Absolute Exemptions $4,210,032,331
Less Protested Property (69,110,089)
Less Incomplete Property (incl. in process) (26,609,275)
Less Partial Exemptions (533,794,473)
Total Net Taxable Value $3,580,515,494
Tax Rate Per $100 Valuation $0.625159
Estimated Tax Levy 22,383,915
Estimated Collection Allowance (98.5%) (335,759)
Less Senior & Disabled Tax Ceiling (1,450,000)
Estimated Current Collections $20,598,156
Estimated Delinquent Collections 105,000
Estimated Available Funds $20,703,156
PROPOSED DISTRIBUTION
Current $0.516794 82.67% $18,503,890
Less collection rate allocation (98.5%) (277,558)
Less tax ceiling (1,189,000)
Subtotal $17,037,332
Prior Years 95,000
Total General Fund $17,132,332
Current (includes allowance for tax ceiling) $0.108365 17.33% $3,880,025
Less collection allowance (98.5%) (58,200)
Less tax ceiling (261,000)
Subtotal $3,560,825
Prior Years 10,000
Total Debt Service Fund $3,570,825
TOTAL TAX REVENUE $0.625159 $20,703,156
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