Page 247 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

2025 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856

Line Voter-Approval Tax Rate Worksheet Amount/Rate
D42. Disaster Line 42 (D42): Current year voter-approval M&O rate for taxing unit affected by disaster declaration. If the taxing unit is
located in an area declared a disaster area and at least one person is granted an exemption under Tax Code Section 11.35 for property located
in the taxing unit, the governing body may direct the person calculating the voter-approval tax rate to calculate in the manner provided for a
special taxing unit. The taxing unit shall continue to calculate the voter-approval tax rate in this manner until the earlier of:
1) the first year in which total taxable value on the certified appraisal roll exceeds the total taxable value of

the tax year in which the disaster occurred; or
2) the third tax year after the tax year in which the disaster occurred.
30
If the taxing unit qualifies under this scenario, multiply Line 41C by 1.08. If the taxing unit does not qualify, do not complete
Disaster Line 42 (Line D42).
$ __________/$100
0.000000
43. Total current year debt to be paid with property taxes and additional sales tax revenue. Debt means the interest and principal that will
be paid on debts that:
(1) are paid by property taxes;
(2) are secured by property taxes;
(3) are scheduled for payment over a period longer than one year; and
(4) are not classified in the taxing unit’s budget as M&O expenses.

A. Debt also includes contractual payments to other taxing units that have incurred debts on behalf of this taxing unit, if those debts
meet the four conditions above. Include only amounts that will be paid from property tax revenue. Do not include appraisal district
budget payments. If the governing body of a taxing unit authorized or agreed to authorize a bond, warrant, certificate of obligation, or
other evidence of indebtedness on or after Sept. 1, 2021, verify if it meets the amended definition of debt before including it here. 31

Enter debt amount .................................................................................... $ _____________
3,877,746
B. Subtract unencumbered fund amount used to reduce total debt. ...................................... – $ _____________
0
C. Subtract certified amount spent from sales tax to reduce debt (enter zero if none) .................... – $ _____________
0
D. Subtract amount paid from other resources ............................................................ – $ _____________
150,000
E. Adjusted debt. Subtract B, C and D from A. $ _____________
3,727,746
44. Certified prior year excess debt collections. Enter the amount certified by the collector. 32 $ _____________
306,689
45. Adjusted current year debt. Subtract Line 44 from Line 43E. $ _____________
3,421,057
46. Current year anticipated collection rate.
A. Enter the current year anticipated collection rate certified by the collector. .............................. ____________%
33
100.00
B. Enter the prior year actual collection rate. ............................................................... ____________%
100.07
C. Enter the 2023 actual collection rate. ................................................................... ____________%
99.58
D. Enter the 2022 actual collection rate. ................................................................... ____________%
99.69
E. If the anticipated collection rate in A is lower than actual collection rates in B, C and D, enter the lowest
collection rate from B, C and D. If the anticipated rate in A is higher than at least one of the rates in the
prior three years, enter the rate from A. Note that the rate can be greater than 100%. 34 ____________%
100.00
47. Current year debt adjusted for collections. Divide Line 45 by Line 46E. $ _____________
3,421,057
48. Current year total taxable value. Enter the amount on Line 22 of the No-New-Revenue Tax Rate Worksheet. $ _____________
1,916,111,227
49. Current year debt rate. Divide Line 47 by Line 48 and multiply by $100. $ __________/$100
0.178541
50. Current year voter-approval M&O rate plus current year debt rate. Add Lines 42 and 49. $ __________/$100
0.556950
D50. Disaster Line 50 (D50): Current year voter-approval tax rate for taxing unit affected by disaster declaration. Complete this line if the
taxing unit calculated the voter-approval tax rate in the manner provided for a special taxing unit on Line D42.
Add Line D42 and 49. 0.000000
$ __________/$100

30 Tex. Tax Code §26.042(a)
31 Tex. Tax Code §26.012(7)
32 Tex. Tax Code §26.012(10) and 26.04(b)
33 Tex. Tax Code §26.04(b)
34 Tex. Tax Code §§26.04(h), (h-1) and (h-2)
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For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 6