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<br />2W Effective Tax Rate Wor.eet <br /> <br />Entity Name: City of La Porte Date: 09/6/2005 <br />See pages 15 to 18 of the Texas Comptroller's 2005 Truth-in-Taxation Manual for an explanation of the effective tax rate. <br />Note: School districts are not required to publish an effective tax rate. School districts may complete this worksheet, at <br />their option, or may skip to the Rollback Tax Rate Worksheet <br /> <br />1 <br /> <br />. 2004 total taxable value. Enter the amount of2004 taxable value on the 2004 tax $1,644,798,700 <br /> roll today. Include any adjustments since last year's certification; exclude Section <br /> 25.25(d) one-third over-appraisal corrections from these adjustments. This total <br /> includes the taxable value of homesteads with tax ceilings(will deduct in line 2) <br /> and the captured value for tax increment fmancing(wiIl deduct taxes in line 14). <br />. 2004 tax ceilings. School Districts, Counties, Cities and Junior College Districts. $0 <br /> Enter 2004 total taxable value of.homesteads with tax ceilings These include <br /> the homesteads of homeowners age 65 or older or disabled. Other units enter "0" <br /> If your taxing units adopted the tax ceiling provision in2004 for homeowners <br /> age 65 or older or disabled, use this step. <br /> Preliminary 2004 adjusted taxable value. Subtract line 2 from line 1. $1,644,798,700 <br /> 2004 total adopted tax rate. (/$100) 0.710 <br /> 2004 taxable value lost because court appeals of ARB decisions reduced 2004 <br /> appraised value. <br /> A. Original 2004 ARB values: $7,192,540 <br /> B. 2004 values resulting from fmal court decisions: $6,722,300 <br /> c. 2004 value loss. Subtract B from A. $470,240 <br /> 2004 taxable value, adjusted for court-ordered reductions. Add line 3 and line 5 $1,645,268,940 <br /> C. <br /> 2004 taxable value of property in territory the unit deannexed after January 1, $0 <br /> 2004. Enter the 2004 value of property in deannexed territory. <br /> 2004 taxable value lost because property first qualified for an exemption in2005 <br /> . Note that lowering the amount or percentage of an existing exemption does not <br /> create a new exemption or reduce taxable value. If the taxing unit increased an <br /> original exemption, use the difference between the original exempted amount <br /> and the increased exempted amount Do not include value lost due to freeport <br /> exemptions or tax abatements. <br /> A. Absolute exemptions. Use 2004 market value: $969,750 <br /> B. Partial exemptions. 2005 exemption amount or2005 percentage $17,465,320 <br /> exemption times 2004 value: <br /> c. Value loss. Add A and B. $18,435,070 <br /> 2004 taxable value lost because property frrst qualified for agricultural appraisal <br /> (l-d or I-d-l), timber appraisal, recreational/scenic appraisal or public access <br /> airport special appraisal in 2005. Use only those properties that first qualified in <br /> 2005; do not use properties that qualified in 2004. <br /> A. 2004 market value: $0 <br /> B. 2005 productivity or special appraised value: $0 <br /> c. Value loss. Subtract B from A. $0 <br /> Total adjustments for lost value. Add lines 7, 8C and 9C. $18,435,070 <br /> 2004 adjusted taxable value. Subtract line 10 from line 6. $1,626,833,870 <br /> <br />2 <br /> <br />3. <br />4. <br />5. <br /> <br />6. <br /> <br />7. <br /> <br />8. <br /> <br />9. <br /> <br />10. <br />11. <br /> <br />,- - -- . - - <br />. - :TT"!l!h In-Taxation -- July 2005 <br /> <br />Page: - <br /> <br />1 <br />