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2007 Effective Tax Rate Worksheet Entity Name: City of La Porte Date: 09/17/2007 See pages 13 to 16 of the Texas Comptrollers 2007 Truth-in-Taxation Manual for an explanation of the effective tax rate 1. 2006 total taxable value. Enter the amount of2006 taxable value on the 2006 tax roll today. Include any adjustments since last yeats certification; exclude Section 25.25(d) one-third over-appraisal corrections from these adjustments. This total includes the taxable value of homesteads with tax ceilings(will deduct in line 2) and the captured value for tax increment financing(will deduct taxes in line 14). 2006 tax ceilings. Counties, Cities and Junior College Districts. Enter 2006 total taxable value of homesteads with tax ceilings These include the homesteads of homeowners age 65 or older or disabled. Other units enter "0" If your taxing units adopted the tax ceiling provision in 2006 for homeowners age 65 or older or disabled, use this step. Preliminary 2006 adjusted taxable value. Subtract line 2 from line 1. --~- 2006 total adopted tax rate. (/$100) 2006 taxable value lost because court appeals of ARB decisions reduced 2006 appraised value. A. Original 2006 ARB values: B. 2006 values resulting from fmal court decisions: C. 2006 value loss. Subtract B from A. 2006 taxable value, adjusted for court-ordered reductions. Add line 3 and line 5C. ".~~.'- 2006 taxable value of property in territory the unit deannexed after January 1, 2006. Enter the 2006 value of property in deannexed territory. 2006 taxable value lost because property first qualified for an exemption in 2007. Note that lowering the amount or percentage of an existing exemption does not create a new exemption or reduce taxable value If the taxing unit increased an original exemption, use the difference between the original exempted amount and the increased exempted amount Do not include value lost due to freeport exemptions or tax abatements A. Absolute exemptions. Use 2006 market value: B. Partial exemptions. 2007 exemption amount or 2007 percentage exemption times 2006 value: C. Value loss. Add A and B. ._.__n.__ ,-- 2006 taxable value lost because property first qualified for agricultural appraisal (l-d or I-d-l), timber appraisal, recreational/scenic appraisal or public access airport special appraisal in 2007. Use only those properties that first qualified in 2007; do not use properties that qualified in 2006. A. 2006 market value: B. 2007 productivity or special appraised value: C. Value loss. Subtract B from A. -~,~~-- .--.--- Total adjustments for lost value. Add lines 7, 8C and 9C. ~_._' .--- 2006 adjusted taxable value. Subtract line 10 from line 6. , ---~._-- .------ -----T I $1,792,016,839 ! +-- 2. $0 - -+- 3. 4. 5. -1 $1,792,016,839 i 0.710 ----t--- ! $4,445,125 $3,465,705 6. i +_ $979,420 i $1,792,996,259 7. I $0 ---i-- ! 8. $85,300 $11,778,469 $11,863,769 9. $0 $0 10. 11. 12. I Adjusted ~06 taxes. Multiply !ine 4_~y line 11~nd~ivide by $100. I I --I : $12,646,040 J' - ._---_..._--~._~-_._.- $0 ___L __"~11,863,769 $1,781,132,490 Page: Truth In Taxation--- May 2007