Page 75 - CITY OF AZLE, TEXAS

AD VALOREM TAX DATA

TAXABLE VALUE

TAX VALUE Tax Year 2023 Tax Year 2024
Appraised Value 2,030,062,399 2,170,397,471
Exemptions & Deductions 487,784,124 492,629,510

NET TAXABLE VALUE 1,542,278,275 1,677,767,961

New Contruction Included 70,136,659 69,161,050
PROPERTY TAX CALCULATION

TOTAL TAXABLE VALUE 1,542,278,275 1,677,767,961
Proposed Tax Rate x 0.5688744 0.6140869
Tax Levy 8,773,626 10,302,953
Collection Rate x 1.0000 1.0000
NET COLLECTIONS 8,773,626 10,302,953

Increase (Decrease) from 2023 Adjusted Tax Roll 1,529,327

PROPERTY TAX ALLOCATIONS
M & O DEBT SERVICE TOTAL
TOTAL TAX RATE LEVY LEVY LEVY
$0.6140869 8,933,009 1,369,945 10,302,953
@ @ @
0.5324341 0.0816528 0.6140869

No-New-Revenue Tax Rate 0.5446237
Amt. Over (Under) No-New-Revenue Tax Rate 0.0694632
Voter-Approval Tax Rate 0.6018780
Amt. Over (Under) Voter-Approval Tax Rate 0.0122089
De Minimis Tax Rate 0.6140869
Amt. Over (Under) De Minimis Tax Rate 0.0000000

2023 Total Approved Rate 0.5688744
Amt. Over (Under) 2023 Total Approved Rate 0.0452125

Note: The City Charter of the City of Azle does not provide for a debt limit. Under provisions of state law, the
maximum tax rate is limited to $2.50 per $100 assessed valuation.

Tax Rate Limit $ 2.5000000
Proposed Tax Rate $ 0.6140869
Available Tax Rate $ 1.8859131

City of Azle FY 2024-2025 Budget 64