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<br />- .. <br />20021fective Tax Rate Works1leet <br /> <br />Entity Name: City of La Porte <br /> <br />File Name: CLP <br /> <br />Date: 9/10/2002 <br /> <br />(Note: School districts are not required to publish an effective tax rate. School districts may complete this part, at <br />their option, or may skip to the Rollback Tax Rate Worksheet.) <br /> <br />1. <br /> <br /> 2001 total taxable value. Enter the amount of2001 taxable value on the 2001 tax roll <br /> today. Include any adjustments since last year's certification; exclude the Section <br /> 25.25(d) one-third over-appraisal corrections from these adjustments. This value includes <br /> the taxable value of over-65 homesteads (will deduct in line 2 below) and the captured <br /> value for tax increment fmancing (will deduct taxes in line 14 below). $1,502,103,490 <br /> SCHOOL DISTRICTS. Enter 2001 taxable value of over-65 homesteads with tax <br /> ceilings. OtPer units enter "0". $0 <br /> Preliminary 2001 adjusted taxable value. Subtract line 2 from line 1. $1,502,103,490 <br /> 2001 total tax rate (per $100). 0.710 <br /> 2001 taxable value lost because court appeals of ARB decisions reduced <br /> 2001 appraised value. <br /> A. Original 2001 ARB values: $1,563,330 <br /> B. 2001 values resulting from fmal court decisions: - $1,461,360 <br /> C. 2001 value loss. Subtract B from A: $101,970 <br /> 2001 taxable value, adjusted for court-ordered reductions. Add line 3 and line 5C. $1,502,205,460 <br /> 2001 taxable value of property in territory the unit deannexed after January 1, <br /> 2001. Enter the 2001 value of property in deannexed territory. $0 <br /> 2001 taxable value lost because property first qualified for an exemption in 2002. <br /> Note that lowering the amount or percentage of an existing exemption does not create a <br /> new exemption or reduce taxable value. If the taxing unit increased an original exemption, <br /> use the difference between the original exempted amount and the increased exempted <br /> amount. Do not include value lost due to freeport exemptions or tax abatements. <br />I A. Absolute exemptions. Use 2001 market value: $504,289 <br />I B. Partial exemptions. 2002 exemption amount, or + $6,552,668 <br />I 2002 percentage exemption times 2001 value: <br />C. Value loss. Total of A and B: $7,056,957 <br /> 2001 taxable value lost because property first qualified for agricultural <br /> appraisal (l-d or I-d-l), timber appraisal, recreational/scenic appraisal or <br /> public access airport special appraisal in 2002. Use only those properties that <br /> first qualified in 2002; do not use properties that qualified in 2001. <br /> A. 2001 market value: $589,240 <br /> B. 2002 productivity or special appraised value: - $146,230 <br /> C. Value loss. Subtract B from A: $443,010 <br />, Total adjustments for lost value. Add lines 7, 8C and 9C. $7,499,967 <br />I <br />I 2001 adjusted taxable value. Subtract line 10 from line 6. $1,494,705,493 <br />I Adjusted 2001 taxes. Multiply line 4 times line 11 and divide by 100. $10,612,409 <br /> <br />2. <br /> <br />3. <br />4. <br /> <br />S. <br /> <br />6. <br /> <br />7. <br /> <br />8. <br /> <br />9. <br /> <br />10. <br /> <br />11. <br /> <br />12. <br /> <br />Truth - in -Taxation - July 2002 <br /> <br />Page: 1 <br />