Page 49 - Lake Worth Adopted Budget FY 23-24
P. 49
2023 Tax Rate Calculation Worksheet- Taxing Units Other Than School Districts or Water Districts Form 50- 856
Line Voter -Approval Tax Rate Worksheet Amount/Rate
50. ( COUNTIES ONLY. Add together the voter -approval tax rates for each type of tax the county levies. The total is the 2023 county voter -approval
0
tax rate. $
Cities, counties and hospital districts may levy a sales tax specifically to reduce property taxes. Local voters by election must approve imposing or abolishing the additional sales
tax. If approved, the taxing unit must reduce its NNR and voter -approval tax rates to offset the expected sales tax revenue.
This section should only be completed by a county, city or hospital district that is required to adjust its NNR tax rate and/ or voter -approval tax rate because it adopted the
additional sales tax.
Line Additional Sales and Use Tax Worksheet t e
51. Taxable Sales. For taxing units that adopted the sales tax In November 2022 or May 2023, enter the Comptroller's estimate oftaxable sales for
the previous four quarters. 31 Estimates of taxable sales may be obtained through the Comptroller's Allocation Historical Summary webpage.
0
Taxing units that adopted the sales tax before November 2022, enter 0. S
52, Estimated sales tax revenue. Counties exclude any amount that Is or will be spent for economic development grants from the amount of esti-
mated sales tax revenue."
Taxing units that adopted the sales tax in November 2022 or in May 2023. Multiply the amount on Line 51 by the sales tax rate (.01,
005 or .0025, as applicable) and multiply the result by .95. 31
or-
Taxing units that adopted the sales tax before November 2022. Enter the sales tax revenue for the previous four quarters. Do not
0
multiply by. 95.
703,1431530
53. 2023 total taxable value. Enter the amount from Line 21 of the No -New -Revenue Tax Rate Worksheet
0 /$
54. Sales tax adjustment rate. Divide Line 52 by Line 53 and multiply by $100. 100
0.398246 /$
55. 2023 NNR tax rate, unadjusted for sales tax.31 Enter the rate from Line 26 or 27, as applicable, on the No -New -Revenue Tax Rate Worksheet.
100
56. 2023 NNR tax rate, adjusted for sales tax.
Taxing units that adopted the sales tax in November 2022 or in May 2023. Subtract Line 54 from Line 55. Skip to Line 57 if you
0.398246 /$
adopted the additional sales tax before November 2022.
100
57. 2023 voter -approval tax rate, unadjusted for sales tax" Enter the rate from Line 49, Line D49 (disaster) or Line 50 (counties) as applicable,
0. 380557 /$
of the Voter -Approval Tax Rate Worksheet.
100
0.380557 /$
58. 2023 voter -approval tax rate, adjusted for sales tax. Subtract Line 54 from Line 57.
100
A taxing unit may raise its rate for M&O funds used to pay for a facility, device or method for the control of air, water or land pollution. This includes any land, structure, building,
installation, excavation, machinery, equipment or device that is used, constructed, acquired or Installed wholly or partly to meet or exceed pollution control requirements. The
taxing unit's expenses are those necessary to meet the requirements of a permit Issued by the Texas Commission on Environmental Quality (TCEQ). The taxing unit must provide
the tax assessor with a copy of theTCEQ letter of determination that states the portion of the cost ofthe installation for pollution control.
This section should only be completed by a taxing unit that uses M&0 funds to pay for a facility, device or method forthe control ofair, water or land pollution.
59, Certified expenses from the Texas Commission on Environmental Quality (TCEQ). Enter the amount certified in the determination letter
0
from TCEQ. 37The taxing unit shall provide Its tax assessor -collector with a copy of the letter, ae
703,143,630
60. 2023 total taxable value. Enter the amount from Line 21 of the No -New -Revenue Tax Rate Worksheet.
0 /$
61. Additional rate for pollution control. Divide Line 59 by Line 60 and multiply by $100. 100
62. 2023 voter -approval tax rate, adjusted for pollution control. Add Line 61 to one of the following lines (as applicable): Line 49, Line D49
0,380557 /$
disaster), Line 50 (counties) or Line 58 (taxing units with the additional sales tax). 100
Tex. Tax Code 426.041( d)
Tex. Tax Code 426.041( I)
s' Tex.Tax Cade 426.04 i (d)
Tex.Tax Code §26.04(0
Tex. Tax Code §26.04(c)
Tex.Tax Code §26.045(d)
Tex.Tax Code §26.0450)
Attachment A Page 45 of 48 For additional copies, vis(t: comptroller.texas.gov/taxes/property-tax Page 7
