14 - 2024 Tax Rate Calculations - Laserfiche WebLink

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�2�`24�dxRat�Cal uatrb oitfs.eet;Taxi' -' '"`- r "'"� .•�-..-..--�.....�� _..� h_,_�.,,-y,i�9�JnitsD�h�TjtanSchoQ1`DrstnctsorlNater.�istntls foriit50-8�6 s U .... . Y. ..$100 al tax rates ONLY Add together the voter approval tax rates for each type of tax the county levies. The total is the current year county voter -approve �_...-... Cities, counties and hospftal districts may levy a sales tax specifically to reduce property taxes. Local voters 11 election must approve imposing ar or the additional sales tax. If approved, the taxing unit must reduce its NNR and voter -approval tax rates to offset the expected sales tax revenue. This section should only be completed by a county, city or hospital district that is required to adjust its NNR tax rate and/orvoter-approval tax rate because it adopted the additional sales tax. MWO 51. Taxable Sales. For taxing units that adopted the sales tax in November of the prior tax year or May of the current tax year, enter the Comptroller's estimate of taxable sales for the previous four quarters. 11 Estimates of taxable sales may be obtained through the Comptroller's Allocation Historical Summary web a e. p9 Taxing P of the prior year, enter 0. $ 0 units that adopted d the sales tax before November mm ... —_... .�..,,_u_ _ -.... 52. Estimated sales tax revenue. Counties exclude any amount that is or will be spent for economic development grants from the amount of esti- mated sales tax revenue.33 Taxing units that adopted the sales tax in November of the prior tax year or in May of the current tax year. Multiply the amount on Line 51 by the sales tax rate (.01, .005 or .0025, as applicable) and multiply the result by .95. " -or- Taxing units that adopted the sales tax before November of the prior year. Enter the sales tax revenue for the previous four quarters. Do not multiply by .95. 0 u....... t year total taxable value. Enter the amount from Line 21 of the No -New -Revenue Tax Rate Worksheet $ 2,571,178,530 53. Curren. _......_...... _. 54. $ _ .....� _ .. /.... ..... Line 52 by 53 and multiply by $100. 0 Sales tax adjustment rate.Divide Line ...`.^. .mm.. .._. 55. Cu rent year NNR tax rate, unadjusted for sales tax.35 Enter the rate from Line 26 or 27, as applicable, on the No -New -neve �.. ...�..w nue Tax Rate 0 43628 ........ $ m....—.._ 56. Current year NNR tax rate, adjusted for sales tax. Taxing units that adopted the sales tax in November the prior tax year or in May of the current tax year. Subtract Line 54 from Line 55. Skip to Line 57 if you adopted the additional sales tax before November of the prior tax year. $ 0.43628 /$100 57. Current year voter -approval tax rate, unadjusted for sales tax." Enter the rate from Line 49, Line D49 (disaster) or Line 50 (counties) as Voter -Approval Tax Rate Worksheet $ 0.45201 x$700 applicable,e ... —� 2 58. Current year voter -approval mm n Line 54 from Line 57 $ 01 t$1o0 -- I y pproval tax rate, adjusted for sales tax. Subtract -� �-- � - A taxing unit may raise its rate for M&0 funds used to pay for a facility, device or method for the control of air, water or land pollution. This includes any land, structure, building, installation, excavation, machinery, equipment or device that is used, constructed, acquired or installed wholly or partly to meet or exceed pollution control requirements. The taxing unit's expenses are those necessary to meet the requirements of a permit issued by the Texas Commission on Environmental Quality (TCEQ). The taxing unit must provide the tax assessor with a copy of the TCEQ letter of determination that states the portion of the cost of the installation for pollution control. This section should only be completed by a taxing unit that uses M&0 funds to pay for a facility, device or method for the control of air, water or land pollution. 59.1 Certified expenses from the Texas Commission on Environmental Quality (TCEQ). Enter the amount certified in the determination letter from TCEQ. 37 The taxing unit shall provide its tax assessor -collector with a copy of the letter. 38 0 —_ _ ....... . — ... ._... _.. 60. Current year total taxable value Enter the amount from Line 21 of the No -New -Revenue Tax Rate Worksheet.2,571,178,530 $ ..... _ _— _._ __... _._......r... 61. Additional rate for pollution control Divide Line 59 by Line 60 and multiply by $100. 0 $ �..mm.. . "Tex. Tax Code §26.041(d) "Tex. Tax Code §26.041(i) Tex Tax Code §26.041(d) " Tex. Tax Code §26.04(c) " Tex.Tax Code §26.04(c) Tex. Tax Code §26.045(d) "Tex. Tax Code §26.045(i) For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 7