Page 99 - HurstFY23AnnualBudget

APPROVED BUDGET FISCAL YEAR 2022-2023

*Includes Operations & Debt Property Tax Levy

AD VALOREM TAX REVENUE
Fiscal Year 2022-2023
2022 Certified Roll

Total Appraised Value less Absolute Exemptions $4,562,259,864
Less Protested Property (63,178,186)
Less Incomplete Property (incl. in process) (31,509,982)
Less Partial Exemptions (581,434,382)
Total Net Taxable Value $3,886,137,314
Tax Rate Per $100 Valuation $0.614043
Estimated Tax Levy 23,862,554
Estimated Collection Allowance (98.5%) (357,938)
Less Senior & Disabled Tax Ceiling (1,643,230)
Estimated Current Collections $21,861,386
Estimated Delinquent Collections 105,000
Estimated Available Funds $21,966,386

PROPOSED DISTRIBUTION

Current $0.513753 $19,965,147
Less collection rate allocation (98.5%) (299,401)
Less tax ceiling (1,374,846)
Subtotal $18,290,900
Prior Years 95,000
Total General Fund $18,385,900

Current (includes allowance for tax ceiling) $0.100290 $3,897,407
Less collection allowance (98.5%) (58,537)
Less tax ceiling (268,384)
Subtotal $3,570,486
Prior Years 10,000
Total Debt Service Fund $3,580,486
TOTAL TAX REVENUE $21,966,386

99