Page 273 - CityofGrapevineFY25AdoptedBudget

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

Line No-New-Revenue Tax Rate Worksheet Amount/Rate
8. Prior year taxable value, adjusted for actual and potential court-ordered adjustments. Add Line 3 and Line 7. $ _____________
11,424,232,607
9. Prior year taxable value of property in territory the taxing unit deannexed after Jan. 1, 2024. Enter the prior year value of property in
deannexed territory. 5 $ _____________
0
10. Prior year taxable value lost because property first qualified for an exemption in the current year. 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 the current
year does not create a new exemption or reduce taxable value.
1,433,741
A. Absolute exemptions. Use prior year market value: .................................................... $ _____________
B. Partial exemptions. Current year exemption amount or current year percentage exemption
16,770,898
times prior year value: ................................................................................. + $ _____________
C. Value loss. Add A and B. 6 $ _____________
18,204,639
11. Prior year 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 the current year. Use only properties that qualified for the first time in the cur-
rent year; do not use proper- ties that qualified in the prior year.
0
A. Prior year market value:.............................................................................. $ _____________
0
B. Current year productivity or special appraised value: ................................................ - $ _____________
C. Value loss. Subtract B from A. 7 $ _____________
0
12. Total adjustments for lost value. Add Lines 9, 10C and 11C. $ _____________
18,204,639
13. Prior year captured value of property in a TIF. Enter the total value of the prior year captured appraised value of property taxable by a tax-
8
ing unit in a tax increment financing zone for which the prior year taxes were deposited into the tax increment fund. If the taxing unit has no
captured appraised value in line 18D, enter 0. $ _____________
1,124,731,632
14. Prior year total value. Subtract Line 12 and Line 13 from Line 8. $ _____________
10,281,296,336
15. Adjusted prior year total levy. Multiply Line 4 by Line 14 and divide by $100. $ _____________
25,760,816
16. Taxes refunded for years preceding the prior tax year. Enter the amount of taxes refunded by the taxing unit for tax years preceding the
prior tax year. 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 the prior tax year. This line applies only to tax years preceding the prior tax year. 9 $ _____________
361,054
17. Adjusted prior year levy with refunds and TIF adjustment. Add Lines 15 and 16. 10 $ _____________
26,121,870
18. Total current year taxable value on the current year certified appraisal roll today. This value includes only certified values or certified esti-
mate of values and includes the total taxable value of homesteads with tax ceilings (will deduct in Line 20). These homesteads include home-
owners age 65 or older or disabled. 11
12,303,212,111
A. Certified values:...................................................................................... $ _____________
B. Counties: Include railroad rolling stock values certified by the Comptroller’s office: ....................... + $ _____________
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 current year captured appraised value of property taxable by a taxing
unit in a tax increment financing zone for which the current year taxes will be deposited into the tax increment
1,227,727,683
12
fund. Do not include any new property value that will be included in Line 23 below. .................... - $ _____________
E. Total current year value. Add A and B, then subtract C and D. $ _____________
11,075,484,428

5 Tex. Tax Code §26.012(15)
6 Tex. Tax Code §26.012(15)
7 Tex. Tax Code §26.012(15)
8 Tex. Tax Code §26.03(c)
9 Tex. Tax Code §26.012(13)
10 Tex. Tax Code §26.012(13)
11 Tex. Tax Code §26.012, 26.04(c-2)
12 Tex. Tax Code §26.03(c)
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