Page 280 - CityofGrapevineFY25AdoptedBudget

2024 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
SECTION 6: De Minimis Rate
The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate, the rate that will raise $500,000, and the current debt rate for a taxing unit. 44
This section should only be completed by a taxing unit that is a municipality of less than 30,000 or a taxing unit that does not meet the definition of a special taxing unit. 45
Line De Minimis Rate Worksheet Amount/Rate

69. Adjusted current year NNR M&O tax rate. Enter the rate from Line 39 of the Voter-Approval Tax Rate Worksheet. 0.145601

10,886,435,385
70. Current year total taxable value. Enter the amount on Line 21 of the No-New-Revenue Tax Rate Worksheet. $ _____________
0.004592
71. Rate necessary to impose $500,000 in taxes. Divide $500,000 by Line 70 and multiply by $100. $ __________/$100
72. Current year debt rate. Enter the rate from Line 48 of the Voter-Approval Tax Rate Worksheet. $ __________/$100
0.109353
73. De minimis rate. Add Lines 69, 71 and 72. $ __________/$100
0.259546
SECTION 7: Voter-Approval Tax Rate Adjustment for Emergency Revenue Rate
In the tax year after the end of the disaster calculation time period detailed in Tax Code Section 26.042(a), a taxing unit that calculated its voter-approval tax rate in the manner
provided for a special taxing unit due to a disaster must calculate its emergency revenue rate and reduce its voter-approval tax rate for that year. 48
Similarly, if a taxing unit adopted a tax rate that exceeded its voter-approval tax rate, calculated normally, without holding an election to respond to a disaster, as allowed by Tax
Code Section 26.042(d), in the prior year, it must also reduce its voter-approval tax rate for the current tax year. 49
This section will apply to a taxing unit other than a special taxing unit that:
• directed the designated officer or employee to calculate the voter-approval tax rate of the taxing unit in the manner provided for a special taxing unit in the prior year; and
• the current year is the first tax year in which the total taxable value of property taxable by the taxing unit as shown on the appraisal roll for the taxing unit submitted by the
assessor for the taxing unit to the governing body exceeds the total taxable value of property taxable by the taxing unit on January 1 of the tax year in which the disaster
occurred or the disaster occurred four years ago.This section will apply to a taxing unit in a disaster area that adopted a tax rate greater than its voter-approval tax rate
without holding an election in the prior year.
Note: This section does not apply if a taxing unit is continuing to calculate its voter-approval tax rate in the manner provided for a special taxing unit because it is still within the
disaster calculation time period detailed in Tax Code Section 26.042(a) because it has not met the conditions in Tax Code Section 26.042(a)(1) or (2).

Line Emergency Revenue Rate Worksheet Amount/Rate
74. 2023 adopted tax rate. Enter the rate in Line 4 of the No-New-Revenue Tax Rate Worksheet. 0.250560
$ __________/$100
75. Adjusted 2023 voter-approval tax rate. Use the taxing unit’s Tax Rate Calculation Worksheets from the prior year(s) to complete this line.
If a disaster occurred in 2023 and the taxing unit calculated its 2023 voter-approval tax rate using a multiplier of 1.08 on Disaster Line 41 (D41)
of the 2023 worksheet due to a disaster, complete the applicable sections or lines of Form 50-856-a, Adjusted Voter-Approval Tax Rate for Taxing
Units in Disaster Area Calculation Worksheet.
- or -
0.000000
If a disaster occurred prior to 2023 for which the taxing unit continued to calculate its voter-approval tax rate using a multiplier of 1.08 on $ __________/$100
Disaster Line 41 (D41) in 2023, complete form 50-856-a, Adjusted Voter-Approval Tax Rate for Taxing Units in Disaster Area Calculation Worksheet
to recalculate the voter-approval tax rate the taxing unit would have calculated in 2023 if it had generated revenue based on an adopted tax
rate using a multiplier of 1.035 in the years following the disaster. Enter the final adjusted 2023 voter-approval tax rate from the worksheet.
50
- or -
If the taxing unit adopted a tax rate above the 2023 voter-approval tax rate without calculating a disaster tax rate or holding an election due to
a disaster, no recalculation is necessary. Enter the voter-approval tax rate from the prior year’s worksheet.
76. Increase in 2023 tax rate due to disaster. Subtract Line 75 from Line 74. $ __________/$100
0.000000
10,281,296,336
77. Adjusted 2023 taxable value. Enter the amount in Line 14 of the No-New-Revenue Tax Rate Worksheet. $ _____________
0
78. Emergency revenue. Multiply Line 76 by Line 77 and divide by $100. $ _____________
10,831,492,535
79. Adjusted 2023 taxable value. Enter the amount in Line 25 of the No-New-Revenue Tax Rate Worksheet. $ _____________
0.000000
80. Emergency revenue rate. Divide Line 78 by Line 79 and multiply by $100. 51 $ __________/$100

45 Tex. Tax Code §26.04(c)(2)(B)
46 Tex. Tax Code §26.012(8-a)
47 Tex. Tax Code §26.063(a)(1)
48 Tex. Tax Code §26.042(b)
49 Tex. Tax Code §26.042(f)
50 Tex. Tax Code §§26.42(c)
51 Tex. Tax Code §§26.42(b)
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