Page 42 - Lake Worth FY23 Adopted Budget Ord 1241

2022 Tak RateCalculatrWoeetTaxingUnits OtherThan SchoolDistrictsorWaterDlstrrc s LineNonNewwRevenue
sh l6n

Tax Rate Worksheet Amount/Rate 19, Total

value of properties under protestor not Included on certified appraisal roll." A.
2022

taxable value of properties under protest, The chief appraiser certifies a list of properties still under ARB

protest.The list shows the appraisal district' s value and the taxpayer' s claimed value, if any, or an

estimate of the value If the taxpayer wins. For each of the properties under protest, use the lowest of these

B, 2022
values. Enter the total value under protest. 11, F 0 8 .0014100.. 9... 00... 00. a00maa0,. 981@9064a0990a0 $ 19, 1881275
0.

value of properties not under protest or Included on certified appraisal roll, The chief appraiser gives

taxing units a list of those taxableproperties that the chief appraiser knows about but are not

Included in the appraisal roll certification. These properties also are not on the list of properties that are

still under protest. On this list of properties, the chief appraiser Includes the market value, appraised value

and exemptions for the preceding year and a reasonable estimate of the marketvalue, appraised value

and exemptions for the current year. Use the lower market, appraised or taxable value as appropriate).

783 C. Total
17,
767,
Enter the totalvalue of property noton the certified roll, 11 .... . ... . ..................... + $

value under protest or not certified. Add A and B. 361956, 058 20. 2022

tax ceilings, Counties, cities and junior colleges enter 2022 total taxable value of homesteads withtax ceilings. These Include the home- steads of

homeowners age 65 or older or disabled, Other taxing units enter 0. If your taxing unit adopted the tax ceiling provision in 2021 or a prior

year for homeowners age 65 or older or disabled, use this step 16 0219 2022

total taxable value, Add Lines 18E and 19C, Subtract Line 20, 77 606l620, 382 22, Total

2021.
2022 taxable value of properties in territory annexed after Jan.1, Include both real and personal property. Enter the 2022 value of

property Interritory annexed." 0 23. Total

2022 taxable value of new Improvements and new personal property located in new Improvements, New means the Item was not on

the appraisal roll in 2021. An Improvement Is a building, structure, fixture or fence erected on or affixed to land. New additions to exist-ing

Improvements may be Included if the appraisedvalue can be determined, New personal property in a new Improvement must have been brought

Into the taxing unit after Jan.1, and be located in a new Improvement, New Improvements do Include property on which a tax
2021

abatement agreement has expired for 2022.11 7,220, 987 24, Total

adjustments to the 2022 taxable value, Add Lines 22 and 23. 71220,987 25. Adjusted

2022 taxable value, Subtract Line 24 from Line 21. 599,399, 395 26, 2022

NNR tax rate, Divide Line 17 by Line 25 and multiply by $1004 0. 438928100 27. COUNTIES ONLY.

Add together the NNR tax rates for each type of tax the countylevies. The total Is the 2022 county NNR tax rate. 21 100 The voter - approval

tax rate Is the highest tax rate that a taxing unit may adopt without holding an election to seek voter approval of the rate. Thevoter -approval tax rate is split Into two separate

rates: 1. Maintenance and

Operations ( M&Tax Rates The M&Oportion Is the tax rate that Is needed to raise the same amount of taxes that thetaxing unit levied In the prior year plus the applicable
O)

percentage allowed bylaw, This rate accounts for such things as salaries, utilities and day-to-day operations. 2. Debt Rate:

The debt rate Includes the debt service necessary to pay the taxing unit's debt payments in the coming year, This rate accounts for principal and Interest on bonds and other debt

secured by property tax revenue. The voter -approval

tax rate for a county is the sum of the voter -approvaltax rates calculated for each type of tax the countylevies. In most cases the voter -approval tax rate exceeds the no-

new•revenue tax rate, but occasionally decreases in a taxing unit' s debt servicewill cause the NNR tax rate to be higher than the voter -approval tax rate. 28, M&
12021

0 tax rate. Enter the 2021 M&tax rate. 0.202760/$100 29. 12021 taxable
0

value, for actual and potential court -ordered adjustments. Enter the amount in Line 8 ofthe No -New -Revenue Tax RateWorksheet. $ 568,
adjusted Tex.Tax Cade

424,785

Tex
4 26.01(c) and (d) Tax Code

426.01(c) iex. Tax Code

5 26.01(d) Tex.Tax Code

4 26.012(6)(B) Tex.Tax Code §

Tex.
26.012(6) Tax Code §

26.012(17) Tex.Tax Code §

26.012(17) Tex.Tax Code §

26.04(c) Tax Code §
Tex.

26.04(d) 38 of
Page

44 For additional copies
visit: comptroller.texas.gov/ taxes/property-tax - 4Page 3