08 - 2021 Tax Rate Calculations - Laserfiche WebLink

Home Browse Search

2021 Tax Rate Calculation Worksheet -Taxing Units OtherThan school Districts or Water Districts Form 50-856 ii i ✓r i �i,i „rria� ,i, rr � rr i Jt l I D41. Disaster Line 41(D41): 2021 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 If the taxing unit qualifies under this scenario, multiply Line 40C by 1.08.1 If the taxing unit does not qualify, do not complete Disaster Line 41 (Line D41). $ 0.00000/$100 ................................... . ....._ 42. Total 2021 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&0 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. t, 2021, verify if it meets the amended definition of debt before including it here. 28 Enter debt amount ........................................ $ 1,642,517.00 B. Subtract unencumbered fund amount used to reduce total debt ....................................... -$ 0.00 C. Subtract certified amount spent from sales tax to reduce debt (enter zero if none) .................... - $ 0.00 D. Subtract amount paid from other resources............................................................ - $ 0.00 E. Adjusted debt. Subtract B, C and D from A. $ 1,642,517.00 43. Certified 2020 excess debt collections. Enter the amount certified by the collector. 21 $ 0.00 44. Adjusted 2021 debt. Subtract Line 43 from Line 42E. $ 1,642,517.00 45. 2021 anticipated collection rate. A. Enter the 2021 anticipated collection rate certified by the collector. 31 .................................... 100% B. Enter the 2020 actual collection rate.................................................................... 96.6296 C. Enter the 2019 actual collection rate.................................................................... 96.95% D. Enter the 2018 actual collection rate.................................................................... 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%.31 10Q& 46. 2021 debt adjusted for collections. Divide Line 44 by Line 45E. $ 1,642,517.00 47. 2021 total taxable value. Enter the amount on Line 21 of the No -New -Revenue Tax Rate Worksheet. $ 2049030824.00000 48. 2021 debt rate. Divide Line 46 by Line 47 and multiply by $100. $ 0.080161S,00 49. 2021 voter -approval tax rate. Add Lines 41 and 48. $ 0.45373,$100 D49. Disaster Line 49 (D49):2021 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 D41. Add Line D41 and 48. $ 0.00000/$100 n Tex Tax Code § 26.042(a) "Tex Tax Code § 26.012(7) "Tex Tax Code § 26.012(1o) and 26.04(b) 30 Tex. Tax Code § 26.04(b) " Tex Tax Code §§ 26.04(h), (h-1) and (h-2) Fora d:ditioinOcoipues, vbGd:Page