Page 272 - CityofGrapevineFY25AdoptedBudget

2024 Tax Rate Calculation Worksheet Form 50-856
Taxing Units Other Than School Districts or Water Districts

City of Grapevine
817-481-1242
____________________________________________________________________________ ________________________________
Taxing Unit Name Phone (area code and number)
200 Main St, Grapevine, TX 76051
www.grapevinetexas.gov
____________________________________________________________________________ ________________________________
Taxing Unit’s Address, City, State, ZIP Code Taxing Unit’s Website Address
GENERAL INFORMATION: Tax Code Section 26.04(c) requires an officer or employee designated by the governing body to calculate the no-new-revenue (NNR) tax rate and
voter-approval tax rate for the taxing unit. These tax rates are expressed in dollars per $100 of taxable value calculated. The calculation process starts after the chief appraiser
delivers to the taxing unit the certified appraisal roll and the estimated values of properties under protest. The designated officer or employee shall certify that the officer or
employee has accurately calculated the tax rates and used values shown for the certified appraisal roll or certified estimate. The officer or employee submits the rates to the
governing body by Aug. 7 or as soon thereafter as practicable.
School districts do not use this form, but instead use Comptroller Form 50-859 Tax Rate Calculation Worksheet, School District without Chapter 313 Agreements or Comptroller Form
50-884 Tax Rate Calculation Worksheet, School District with Chapter 313 Agreements.
Water districts as defined under Water Code Section 49.001(1) do not use this form, but instead use Comptroller Form 50-858 Water District Voter-Approval Tax Rate Worksheet for
Low Tax Rate and Developing Districts or Comptroller Form 50-860 Developed Water District Voter-Approval Tax Rate Worksheet.
The Comptroller’s office provides this worksheet to assist taxing units in determining tax rates. The information provided in this worksheet is offered as technical assistance and not
legal advice. Taxing units should consult legal counsel for interpretations of law regarding tax rate preparation and adoption.
SECTION 1: No-New-Revenue Tax Rate
The NNR tax rate enables the public to evaluate the relationship between taxes for the prior year and for the current year based on a tax rate that would produce the same amount
of taxes (no new taxes) if applied to the same properties that are taxed in both years. When appraisal values increase, the NNR tax rate should decrease.
The NNR tax rate for a county is the sum of the NNR tax rates calculated for each type of tax the county levies.
While uncommon, it is possible for a taxing unit to provide an exemption for only maintenance and operations taxes. In this case, the taxing unit will need to calculate the NNR tax
rate separately for the maintenance and operations tax and the debt tax, then add the two components together.

Line No-New-Revenue Tax Rate Worksheet Amount/Rate
1. Prior year total taxable value. Enter the amount of the prior year taxable value on the prior year tax roll today. Include any adjustments since last
year’s certification; exclude Tax Code Section 25.25(d) one-fourth and one-third over-appraisal corrections from these adjustments. Exclude any
property value subject to an appeal under Chapter 42 as of July 25 (will add undisputed value in Line 6). This total includes the taxable value of
homesteads with tax ceilings (will deduct in Line 2) and the captured value for tax increment financing (adjustment is made by deducting TIF taxes,
as reflected in Line 17). 1 $ _____________
11,641,391,629
2. Prior year tax ceilings. Counties, cities and junior college districts. Enter the prior year total taxable value of homesteads with tax ceilings.
These include the homesteads of homeowners age 65 or older or disabled. Other taxing units enter 0. If your taxing unit adopted the tax ceiling
provision last year or a prior year for homeowners age 65 or older or disabled, use this step. 2 $ _____________
1,001,404,242
3. Preliminary prior year adjusted taxable value. Subtract Line 2 from Line 1. $ _____________
10,639,987,387
4. Prior year total adopted tax rate. 0.250560
$ __________/$100
5. Prior year taxable value lost because court appeals of ARB decisions reduced the prior year’s appraised value.
2,497,194,536
A. Original prior year ARB values:....................................................................... $ _____________
2,179,601,435
B. Prior year values resulting from final court decisions:................................................ - $ _____________
C. Prior year value loss. Subtract B from A. 3 $ _____________
317,593,101
6. Prior year taxable value subject to an appeal under Chapter 42, as of July 25.
493,388,079
A. Prior year ARB certified value: ....................................................................... $ _____________
26,735,960
B. Prior year disputed value:............................................................................ - $ _____________
C. Prior year undisputed value. Subtract B from A. 4 $ _____________
466,652,119
7. Prior year Chapter 42 related adjusted values. Add Line 5C and Line 6C. $ _____________
784,245,220
1 Tex. Tax Code §26.012(14)
2 Tex. Tax Code §26.012(14)
3 Tex. Tax Code §26.012(13)
4 Tex. Tax Code §26.012(13)
Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division 264 For additional copies, visit: comptroller.texas.gov/taxes/property-tax
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50-856 • 11-23/11