Page 48 - Lake Worth Adopted Budget FY 23-24
P. 48
2023 Tax Rate Calculation Worksheet—Taxing Units Other Than School Districts or Water Districts Form 50- 856
Line Voter-ApprovalTax Rate Worksheet Amount/ Rate
D41, Disaster Line 41 (D41): 2023 voter -approval M& O rate for taxing unit affected by disaster declaration. If the taxing unit is located in an
area declared a disaster area and at least one person is granted an exemption under Tax Code Section 11. 35 for property located in the taxing
unit, the governing body may direct the person calculating the voter -approval tax rate to calculate in the manner provided for a special taxing
unit. The taxing unit shall continue to calculate the voter -approval tax rate in this manner until the earlier of
1) the first year in which total taxable value on the certified appraisal roll exceeds the total taxable value of
the tax year in which the disaster occurred, or
2) the third taxyear after the tax year in which the disaster occurred
If the taxing unit qualifies under this scenario, multiply Line 40C by 1. 08." If the taxing unit does not qualify, do not complete
Disaster Line 41 ( Line D41).
100
42. Total 2023 debt to be paid with property taxes and additional sales tax revenue. Debt means the interest and principal that will be paid
on debts that:
1) are paid by property taxes,
2) are secured by property taxes,
3) are scheduled for payment over a period longer than one year, and
4) are not classified in the taxing unit's budget as M&O expenses,
A. Debt also includes contractual payments to other taxing units that have incurred debts on behalf of this taxing unit, if those debts
meet the four conditions above. Include only amounts that will be paid from property tax revenue. Do not Include appraisal district
budget payments. If the governing body of a taxing unit authorized or agreed to authorize a bond, warrant, certificate of obligation, or
other evidence of indebtedness on or after Sept. 1, 2021, verify if it meets the amended definition of debt before including it here.' 8
1 859 533
Enter debt amount
75,000
Be Subtract unencumbered fund amount used to reduce total debt. — $
0
C. Subtract certified amount spent from sales tax to reduce debt (enter zero if none) ................... 0 — $
418 '067
D. Subtract amount paid from other resources............................................................ — $
E. Adjusted debt. Subtract Be C and D from A. 11366,466
43, Certified 2022 excess debt collections. Enter the amount certified by the collector. 79 0
44. Adjusted 2023 debt. Subtract Line 43 from Line 42E. 11366,466
45. 2023 anticipated collection rate.
100.00
A. Enter the 2023 anticipated collection rate certified by the collector. 96
99.82
Be Enter the 2022 actual collection rate. 96
99.23
Co Enter the 2021 actual collection rate. 96
101. 03
D. Enter the 2020 actual collection rate. 96
E. If the anticipated collection rate in A is lower than actual collection rates in Be C and D, enter the lowest
collection rate from B, C and D. If the anticipated rate in A is higher than at least one of the rates in the
prior three years, enter the rate from A. Note that the rate can be greater than 10096. 11 100.00
96
46. 2023 debt adjusted for collections. Divide Line 44 by Line 45E. 11366,466
47. 2023 total taxable value. Enter the amount on Line 21 of the No -New -Revenue Tax Rate Worksheet. 703,143,530
48. 2023 debt rate. Divide Line 46 by Line 47 and multiply by $100. 0. 194336 / 5100
49. 2023 voter -approval tax rate. Add Lines 41 and 48. 0.380557 /$
100
D49. Disaster Line 49 (D49): 2023 voter -approval tax rate for taxing unit affected by disaster declaration. Complete this line if the taxing
unit calculated the voter -approval tax rate in the manner provided for a special taxing unit on Line D41.
Add Line D41 and 48.
S1ao
Tex. Tax Code 426.042(a)
Tex.Taz Code 426.012(2)
Tex. Tax Code 426.012( IO) and 26.04(b)
Tex.Tax Code 426.04(b)
Tex. Tax Code 4426.04(h). (h- 1) and (h-2)
Attachment A Page 44 of 48 For additional copies, visit: comptroller.texas.gov/taxes/ property-tax Page 6
