Page 73 - CITY OF AZLE, TEXAS

AD VALOREM TAX DATA

TAXABLE VALUE

TAX VALUE 2021 Budget 2022 Adopted
Appraised Value 1,476,707,138 1,634,727,165
Exemptions & Deductions 340,444,110 367,084,055

NET TAXABLE VALUE 1,136,263,028 1,267,643,110

New Contruction Included 23,424,199 32,908,840
PROPERTY TAX CALCULATION

TOTAL TAXABLE VALUE 1,136,263,028 1,267,643,110
Proposed Tax Rate x 0.646149 0.623426
Tax Levy 7,341,952 7,902,817
Collection Rate x 1.0000 1.0000
NET COLLECTIONS 7,341,952 7,902,817

Increase (Decrease) from 2021 Adjusted Tax Roll 560,865

PROPERTY TAX ALLOCATIONS
M & O DEBT SERVICE TOTAL
TOTAL TAX RATE LEVY LEVY LEVY
$0.623426 7,218,949 683,868 7,902,817
@ @ @
0.569478 0.053948 0.623426

No-New-Revenue Tax Rate 0.593271
Amt. Over (Under) No-New-Revenue Tax Rate 0.030155
Voter-Approval Tax Rate 0.602534
Amt. Over (Under) Voter-Approval Tax Rate 0.020892
De Minimis Tax Rate 0.623426
Amt. Over (Under) De Minimis Tax Rate 0.000000

2021 Total Approved Rate 0.646149
Amt. Over (Under) 2021 Total Approved Rate (0.022723)

Note: The City Charter of the City of Azle does not provide for a debt limit. Under provisions of state law, the
maximum tax rate is limited to $2.50 per $100 assessed valuation.

Tax Rate Limit $ 2.500000
Proposed Tax Rate $ 0.623426
Available Tax Rate $ 1.876574

City of Azle FY 2022-2023 Budget 62