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2024 Tax Rate Calculation Worksheet Taxing Units other Than School Districts or Water Districts City of Paris (903) 784-9241 Taxng Unit Name ...._ �... . . , . Phone (area code and numberber) 135 SE 1st Street, Paris, Texas 75460 Taxis Unit's Ta gU address, city, State, ..�.. Wim• a1lStexaS. oV Taxing Unit's Website Address GENERAL INFORMATION: IP Code Tax Code $eCt10D 26.04(c)Mx Niuiiarr�mrrrewrmu�m�rmauxmriwmoi�uru�o��xmuw�muxm �� an�wi � requires an officer or employee designated by the governing body to calculate the no -new -revenue (NNR) tax rate and voter -approval tax rate for the taxing unit. These tax rates are expressed in dollars per $100 of taxable value calculated. The calculation process starts after the chief appraiser delivers to the taxing unit the certified appraisal roll and the estimated values of properties under protest. The designated officer or employee shall certify that the officer or employee has accurately calculated the tax rates and used values shown for the certified appraisal roll or certified estimate. The officer or employee submits the rates to the governing body by Aug. 7 or as soon thereafter as practicable. School districts do not use this form, but instead use Comptroller Form 50-859 Tax Rate Calculation Worksheet, School District without Chapter313 Agreements or Comptroller Form 50-884 Tax Rate Calculation Worksheet, School District with Chapter 313 Agreements. Water districts as defined under Water Code Section 49.001(1) do not use this form, but instead use Comptroller form 50-858 Water District Voter -Approval Tax Rate Worksheet for Low Tax Rate and Developing Districts or Comptroller Form 50.860 Developed Water District Voter -Approval Tax Rate Worksheet. The Comptroller's office provides this worksheet to assist taxing units in determining tax rates. The information provided in this worksheet is offered as technical assistance and not legal advice. Taxing units should consult legal counsel for interpretations of law regarding tax rate preparation and adoption. B e p The NNR tax rate enables the public to evaluate the relationship between taxes for the prior year and for the current year based on a tax rate that would produce the same amount of taxes (no new taxes)1f applied to the ,me properties that are taxed in both years. When appraisal values increase, the NNR tax rate should decrease. The NNR tax rate for a county is the sum of the NNR tax rates calculated for each type of tax the county levies. While uncommon, it is possible for a taxing unit to provide an exemption for only maintenance and operations taxes. In this case, the taxing unit will need to calculate the NNR tax rate separately for the maintenance and operations tax and the debt tax, then add the two components together. 1. Prior year total taxable value. Enter the amount of the prior year taxable value on the prior year tax roll today. Include any adjustments since last year's certification; excludeTax Code Section 25.25(d) one-fourth and one-third over -appraisal corrections from these adjustments. Exclude any property value subject to an appeal under Chapter 42 as of July 25 (will add undisputed value in Line 6). This total includes the taxable value of homesteads with tax ceilings (will deduct in Line 2) and the captured value for tax Increment financing (adjustment is made by deducting TIF taxes, as reflected in Line 17).' $ 2,549,285,641 . Prior valuehomesteads with tax ceilings. 2 These include theihome t ads of homeownersage 65orolder or disabled. units enter 0, If your . your taxing unit adopted the tax ceiling provision last year or a nor y p this step.' rov1......� r homeowners age or older or disabled, use.........—...� . � .—..M...--...—__....—m�.,.....— 218 217,870 $ _.. w..— . Preliminary poor year adjusted taxable value. Subtract Line 2 from Line 1. . -w.. ......—__........ ,067,771 $ 2,331�...-w.... 4. Prior year total adopted tax rate. —.... _.-.... .........oar a ed value appraised A. Original prior year ARB values: .................................................... $ 2,581,010 B. Prior year values resulting from final court decisions: S Y g 2,362,460 C. Prior year value loss. Subtract B from A.' .. _m....... s 218,550 _. — ..._m..— 6. Prior year taxable value subject to an appeal under Chapter 42, as of July I9. A. Prior year ARB certified value: 0 B. Prior year disputed value: .................................. ......................................... $ -�......._ . C Prior year undisputed value. Subtract 8 from A.' .._..... .. _ ... 0 7. Poor year Chapter 42 related Y adjusted values. Add Line SC and Line 6C.$ ' 218,550 Tex. Tax Code §26.012(14) Tex. Tax Code §26.012(14) ' Tex. Tax Code §26.012(13) ' Tex.Tax Code 926.012(13) Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division For additional copies, visit: comptroller.texas.gov/taxes/property-tax 50-856.6-24/11