Page 334 - City of Mansfield FY22 Operarting Budget
P. 334
SECTION 6: De Minimis Rate
The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate, the rate that will raise $500,000,
and the current debt rate for a taxing unit. 44
This section should only be completed by a taxing unit that is a municipality of less than 30,000 or a taxing unit that does not meet the
definition of a special taxing unit. 45
De Minimis Rate Worksheet Amount/Rate
68. Adjusted 2021 NNR M&O tax rate. Enter the rate from Line 39 of the Voter-Approval $0.463023/$100
Tax Rate Worksheet
69. 2021 total taxable value. Enter the amount on Line 21 of the No-New-Revenue Tax $7,068,691,712
Rate Worksheet.
70. Rate necessary to impose $500,000 in taxes. Divide $500,000 by Line 69 and multiply $0.007073
by $100.
71. 2021 debt rate. Enter the rate from Line 48 of the Voter-Approval Tax Rate Worksheet. $0.224999/$100
23
72. De minimis rate. Add Lines 68, 70 and 71. $0.000000/$100
44 Tex. Tax Code Section 26.012(8-a)
45 Tex. Tax Code Section 26.063(a)(1)
