|
2025 Tax Rate Calculation Worksheet -Taxing Units Other Than School Districts or Water Districts Form 50.856
<br />63. Current year voter -approval tax rate, adjusted for pollution control. Add Line 62 to one of the following lines (as applicable): Line 50, Line
<br />D50 (disaster), Line 51 (counties) or Line 59 (taxing units with the additional sales tax). $ 0.46387 /$100
<br />The unused increment rate is the rate equal to the sum of the prior 3 years Foregone Revenue Amounts divided by the current taxable value. 42 The Foregone Revenue Amount for each
<br />year is equal to that year's adopted tax rate subtracted from that year's voter -approval tax rate adjusted to remove the unused increment rate multiplied by that year's current total
<br />value. 43
<br />The difference between the adopted tax rate and adjusted voter -approval tax rate is considered zero in the following scenarios:
<br />a tax year in which a taxing unit affected by a disaster declaration calculates the tax rate under Tax Code Section 26.042; 44
<br />a tax year in which the municipality is a defunding municipality, as defined by Tax Code Section 26.0501(a); 95 or
<br />after Jan. 1, 2022, a tax year in which the comptroller determines that the county implemented a budget reduction or reallocation described by Local Government Code
<br />Section 120.002(a) without the required voter approval. 46
<br />This section should only be completed by a taxing unit that does not meet the definition of a special taxing unit. 41
<br />64. Year 3 Foregone Revenue Amount. Subtract the 2024 unused increment rate and 2024 actual tax rate from the 2024 voter -approval
<br />tax rate. Multiply the result by the 2024 current total value
<br />A. Voter -approval tax rate (Line 68) ...... ............... ..... .......... ..... ............ ................ ............... ...,........... .
<br />$/$100
<br />..........
<br />B. Unused increment rate (Line 67)..................... .............................. _.............. , ....,......................... _
<br />$ .
<br />/$100
<br />C. Subtract Bfrom A .................... .............. .............. ....................................................... .... ..
<br />$ ...
<br />_./$100
<br />D. Adopted Tax Rate................................................................................................. .............. ...
<br />$
<br />..,/$too
<br />E. Subtract D from C................................................................................ .......................... ........
<br />S.
<br />__../$100
<br />F. 2024 Total Taxable Value (Line 60) ....................................................... ......... ................ ........,..... ...
<br />$
<br />_ .,, .. .,,,
<br />G. Multiply E by F and divide the results by $100. If the number is less than zero, enter zero ... ........... .................... ......... ...
<br />S
<br />65. Year 2 Foregone Revenue Amount. Subtract the 2023 unused increment rate and 2023 actual tax rate from the 2023 voter -approval
<br />tax rate. Multiply the result by the 2023 current total value
<br />A. Voter -approval tax rate (Line 67)...........
<br />$
<br />/$100
<br />B. Unused increment rate (Line 66). .........
<br />S ,
<br />__/$100
<br />C. Subtract B from A.......................................................................... .... ,... ......... .. .,..... ...
<br />$
<br />/$100
<br />D. Adopted Tax Rate .................................... ... .... .......... ,.......... ..... .......... .... ............ .,............. ...
<br />$ .
<br />/$100
<br />E. Subtract D from C...................................................................... ........., .............. ......... .... ...
<br />$ .........
<br />.................... /$too
<br />F. 2023 Total Taxable Value (Line 60) .......................... ................ ...........................................................
<br />$ ,
<br />G. Multiply E by F and divide the results by $100. If the number is less than zero, enter zero ............. .. ........................ ........
<br />$ .... , _..
<br />66. Year 1 Foregone Revenue Amount. Subtract the 2022 unused increment rate and 2022 actual tax rate from the 2022 voter -approval
<br />tax rate. Multiply the result by the 2022 current total value
<br />A. Voter -approval tax rate (Line 67) ....... ...................... $ ... /$100
<br />B. Unused increment rate (Line 66).,........,.............................................................,.............. $
<br />C. Subtract B from A ................................... ..................................................... ..... ,........ .... . $ /S100
<br />D. Adopted Tax Rate .................................................. .............. .... ,.... ................ .. S .......... ..,...../$too
<br />E. Subtract D from C................................................................,................................................ .... $ .................... /$100
<br />F. 2022 Total Taxable Value (Line 60) .................... .............................,..........,....,....,............,....,............... $....... ..
<br />G. Multiply E by F and divide the results by $100. If the number is less than zero, enter zero ... ..... .... ...... ............ ...... ........ .... $ , , .....
<br />67. Total Foregone Revenue Amount. Add Lines 64G, 65G and 66G $ /$too
<br />68. 2025 Unused Increment Rate. Divide Line 67 by Line 22 of the No -New -Revenue Rate Worksheet. Multiply the result by 100 $
<br />69. Total 2025 voter -approval tax rate, including the unused increment rate. Add Line 68 to one of the following lines (as applicable): Line 50,
<br />Line 51 (counties), Line 59 (taxing units with additional sales tax) or Line 63 (taxing units with pollution) $/$100
<br />.......
<br />"Tex. Tax Code 926.013(b)
<br />41 Tex. Tax Code §§26.013(a)0 -a), (1-b), and (2)
<br />14Tex. Tax Code §§26.04(c)(2)(A) and 26.042(a)
<br />"Tex. Tax Code §§26.0501(a) and (c)
<br />"Tex. Local Gov't Code §120.007(d)
<br />"Tex. Local Gov't Code §26.04(c)(2)(B)
<br />For additioiiiiall colpliie^s, vilsuU t:r)walptrolV em:I:ox:as.goNelta)¢es/pirolpi:,:miy tax. Page 8
<br />
|