Page 38 - City of Lake Worth Ord 1220 FY22 Adopted Budget

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

annexed.18

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 3,3813106

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. 3,381,106

25. Adjusted 2021 taxable value. Subtract Line 24 from Line 21. 556,930,186

26. 2021 NNR tax rate. Divide Line 17 by Line"25 and multiply by $100.20 0.458548/$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

1Tex. Tax Code Section 26.012(14) 13'Tex. Tax Code Section 26.01(c) and (d)

2Tex. Tax Code Section 26.012(14) 14'Tex. Tax Code Section 26.01(c)

3Tex. Tax Code Section 26.012(13) 15Tex. Tax Code Section 26.01(d)

4Tex. Tax Code Section 26.012(13) 1r'Tex. Tax Code Section 26.012(6)( b)

STex. Tax Code Section 26.012( 15) 17Tex. Tax Code Section 26.012(6)

6Tex, Tax Code Section 26.012(15) 18Tex. Tax Code Section 26.012(17)

7Tex. Tax Code Section 26.012(15) 19Tex. Tax Code Section 26.012(17)

8Tex. Tax Code Section 26.03(c) Z Tex. Tax Code Section 26.04(c)

9Tex. Tax Code Section 26.012(13) ZITex. Tax Code Section 26.04(d)

10Tex. Tax Code Section 26.012(13) 22Reserved for expansion

11Tex. Tax Code Section 26.012,26.04(c-2) 231ex. Tax Code Section 26.044

12Tex, Tax Code Section 26.03(c) 24Tex. Tax Code Section 26.0441

Ordinance No. 1220

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