Page 44 - Lake Worth Adopted Budget FY 23-24

2023 Tax Rate Calculation Worksheet- Taxing Units Other Than School Districts or Water Districts Form 50- 856

Line No-New-RevimueTax Rate Worksheet Amou.9tiRate

8. 2022 taxable value, adjusted for actual and potential court -ordered adjustments. Add Line 3 and Line 7. $ 621, 497,063

9. 2022 taxable value of property in territory the taxing unit deannexed after Jan. 1, 2022, Enter the 2022 value of property in deannexed

territory. s 0

10. 2022 taxable value lost because property first qualified for an exemption in 2023, If the taxing unit increased an original exemption, use

the difference between the original exempted amount and the increased exempted amount. Do not include value lost due to freeport, goods -

in -transit, temporary disaster exemptions. Note that lowering the amount or percentage of an existing exemption in 2023 does not create a new

exemption or reduce taxable value.

0

A. Absolute exemptions. Use 2022 market value: ...... $

B. Partial exemptions. 2023 exemption amount or 2023 percentage exemption
349,000

times2022 value%..................................................................................... + $

C. Value loss. Add A and B. 6 34% 000

11. 2022 taxable value lost because property first qualified for agricultural appraisal (1- d or 1- d-1), timber appraisal, recreational/scenic

appraisal or public access airport special appraisal in 2023. Use only properties that qualified in 2023 for the first time; do not use proper-

ties that qualified in 2022.

0
A. 2022 market values, $

0

B. 2023 productivity or special appraised value:.... $

C. Value loss. Subtract B from A.' 0

12. Total adjustments for lost value. Add Lines 9, 10C and 11 C. 349,000

13. 2022 captured value of property in a TIF. Enter the total value of 2022 captured appraised value of property taxable by a taxing unit in a tax

increment financing zone for which 2022 taxes were deposited into the tax increment fund. 6If the taxing unit has no captured appraised value

In line 181), enter 0. 0

14. 2022 total value. Subtract Line 12 and Line 13 from Line 8. 6219148,063

15. Adjusted 2022 total levy. Multiply Line 4 by Line 14 and divide by $100. 2,726,392

16. Taxes refunded for years preceding tax year 2022. Enter the amount of taxes refunded by the taxing unit for tax years preceding tax year

2022. Types of refunds Include court decisions, Tax Code Section 25.25(b) and (c) corrections and Tax Code Section 31. 11 payment errors. Do not

Include refunds for tax year 2022. This line applies only to tax years preceding tax year 2022, 9 242947

17. Adjusted 2022 levy with refunds and TIF adjustment. Add Lines 15 and 16, 10 2,751, 339

18, Total 2023 taxable value on the 2023 certified appraisal roll today. This value includes only certified values or certified estimate ofvalues

and includes the total taxable value of homesteads with tax ceilings (will deduct in Line 20). These homesteads include homeowners age 65 or

older or disabled."

662,807,260
A. Certified values:...................................................................................... $

B. Counties: Include railroad rolling stock values certified by the Comptroller's office: .... 0 6 4 0 6 6 0 a & & 0 * 9 0 a a 9 + $

C, Pollution control and energy storage system exemption: Deduct the value of property exempted
0

for the current tax year for the first time as pollution control or energy storage system property:........... $

D. Tax Increment financing: Deduct the 2023 captured appraised value of property taxable by a taxing

unit in a tax increment financing zone for which the 2023 taxes will be deposited into the tax increment
0

fund. Do not Include any new property value that will be included in Line 23 below.' .................... $

E. Total 2023 value. Add A and B, then subtract C and D. 6623807,260

Tex. Tax Code §26.012( IS)

Tex. Tax Code §26.012( 16)

Tex. Tax Code §26.012( 15)

Tex. Tax Code §26.03(c)

Tex. Tax Code §26.012( 13)

10 Tex. Tax Code §26.012( 13)

Tex. Tax Code §26.012, 26.04(c-2)

Tex. Tax Code §26.03(c)

Attachment A Page 40 of 4i3 For additional copies, visit: comptrollertexas.gov/taxes/property-tax Page 2