Page 65 - Trophy Club FY22 Budget

Include both real and personal property. Enter the 2021 value of property in territory
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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 $60,309,365
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. $60,309,365

25. Adjusted 2021 taxable value. Subtract Line 24 from Line 21. $1,919,316,561

26. 2021 NNR tax rate. Divide Line 17 by Line 25 and multiply by $100. 20 $0.437943/$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)
5 Tex. Tax Code Section 26.012(15) Tex. Tax Code Section 26.012(6)
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6 Tex. Tax Code Section 26.012(15) Tex. Tax Code Section 26.012(17)
7 Tex. Tax Code Section 26.012(15) Tex. Tax Code Section 26.012(17)
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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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63 FY22 Approved Budget