Page 241 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

Fiscal Year 2025-2026
Summary of Property Tax Revenue & Distribution
FY2025-2026
NET TAXABLE VALUE TOTAL
Total Appraised Value as of July 25, 2025 2,535,992,969
Less:
Absolute Exemption (85,840,853)
Cases Before ARB (25,881,486)
Incomplete Accounts (276,142)
Disabled Veteran (22,392,219)
Over 65 (74,504,336)
Homestead
Disabled Persons Over65 (3,006,668)
Freeport Inventory Value Loss
Pollution Control 0
Solar & Wind Powered Devices (1,252,061)
Nominal Value Accounts (69,794)
Miscellaneous Personal Property (8,049,694)
Property Damaged by Disaster
In Process (630)

Total Reduction to Values (221,273,883)
NET TAXABLE VALUE (CERTIFIED) AT JULY 25,2025 2,314,719,086

Add:
Estimated Minimum ARB protested values 17,992,129
Estimated Minimum Incomplete Property Values 122,613
Estimated Minimum Value of In Process Properties 0

ESTIMATED NET TAXABLE VALUE AT JULY 25, 2024 $ 2,332,833,827
ESTIMATED PROPERTY TAX COLLECTIONS: GENERAL (M&O) DEBT SERVICE (I&S)
Estimated Net Taxable Value 2,332,833,827
Less: Tax Ceiling Taxable Values (416,722,601)
Net Taxable Values 1,916,111,226

Proposed Tax Rate per $100 Valuation 0.391659 0.178541 0.570200

Estimated Total Tax Levy at 100% Collection 7,504,622 3,421,044 10,925,666
Less: Estimated Uncollectable (2%) (150,092) (150,092)
Less: Estimated I&S Uncollectable (3%) (102,631) (102,631)
Estimated Revenue from Property Tax 7,354,530 3,318,413 10,672,942
Estimated Revenue from Property Tax 7,354,530 3,318,413 10,672,942
Plus: Tax Ceiling Account Revenue (not included in tax rate calc) 913,181 417,321 1,330,501
Less: Estimated Uncollectable (2%) (18,264) (18,264)
Less: Estimated I&S Uncollectable (2%) (8,346) (8,346)

ESTIMATED PROPERTY TAX DISTRIBUTION $ 8,249,447 $ 3,727,387 $ 11,976,834

BUDGET LINE ITEMS

Ad valorem Taxes $ 8,250,000 $ 3,727,000 $ 11,977,000
Delinquent/Penalties and Interest $ 71,500 $ 22,000 $ 93,500
TOTALS $ 8,321,500 $ 3,749,000 12,070,500
Prior year totals (calculated from Certified July 25, 2024) $ 7,800,000 $ 4,425,000 12,225,000
Increase (Decrease) Revenues in budget from Property Taxes FY2025-2026 $ 521,500 $ (676,000) (154,500)

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