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104 Effective Tax Rate wor,heet Entity Name: City of La Porte 18. 19. 20. SCHOOL DISTRICTS. Enter 2004 total taxable value of homesteads with tax $0 ceilings. These include the homesteads of homeowners age 65 or older or disabled. Other units enter "0" (Note: Beginning with the 2005 tax rate, taxing units that adopted in 2004 the tax ceiling provision for homeowners age 65 or older or disabled will use this step.) 2004 total taxable value. Add lines l6E and l7C. Subtract line 18. $1,590,615,755 Total 2004 taxable value of properties in territory annexed after January 1,2003. $0 Include both real and personal property. Enter the 2004 value of property in territory annexed, including any territory annexed bv the school district. Total 2004 taxable value of new improvements and new personal property $26,506,970 located in new improvements. "New" means the item was not on the appraisal roll in 2003. An improvement is a building, structure, fixture or fence erected on or affixed to land. A transportable structure erected on its owner's land is also included unless it is held for sale or is there only temporarily. New additions to existing improvements may be included if the appraised value can be determined. New personal property in a new improvement must have been brought into the unit after January 1, 2003 and be located in a new improvement. New improvements do include property on which a tax abatement agreement has expired for 2004. New improvements do not include mineral interests produced for the first time, omitted property that is back assessed and increased appraisals on existing property. Total adjustments to the 2004 taxable value. Add lines 20 and 21. $26,506,970 2004 adjusted taxable value. Subtract line 22 from line 19. $1,564,108,785 2004 effective tax rate. Divide line 15 by line 23 and multiply by $100. (/$100) 0.716 COUNTIES ONLY. Add together the effective tax rates for each type of tax the county levies. The total is the 2004 county effective tax rate. (/$100) Date: 08/18/2004 21. 22. 23. 24. 25. A county, city or hospital district that adopted the additional sales tax in August or November2003 or in January or May 2004 must adjust its effective tax rate. The Additional Sales Tax Rate Worksheet on page 54 of the Texas Comptroller's2004 Truth-in- Taxation " ' Manual sets out this adjustment. Do not forget to complete the Additional Sales Tax Rate Worksheet if the taxing unit adopted the additional sales tax on these dates. Truth In Taxation - July 2004 Page: 3