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2006 Effective Tax Rate Worksheet Entity Name: City of La Porte Date: 09/5/2006 See pages 13 to 16 of the Texas Comptroller's 2006 Truth-in-Taxation Manual for an explanation of the effective tax rate 1. 2005 total taxable value. Enter the amount of2005 taxable value on the 2005 tax $1,695,166,598 roll today. Include any adjustments since last year's 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 fmancing(will deduct taxes in line 14). 2005 tax ceilings. Counties, Cities and Junior College Districts. Enter 2005 total $0 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 2005 for homeowners age 65 or older or disabled, use this step. Preliminary 2005 adjusted taxable value. Subtract line 2 from line 1. $1,695,166,598 2005 total adopted tax rate. (/$100) 0.710 2005 taxable value lost because court appeals of ARB decisions reduced 2005 appraised value. A. Original 2005 ARB values: $28,260,000 B. 2005 values resulting from fmal court decisions: $19,950,000 C. 2005 value loss. Subtract B from A. $8,310,000 2005 taxable value, adjusted for court-ordered reductions. Add line 3 and line 5 $1,703,476,598 C. --- 2005 taxable value of property in territory the unit deannexed after January 1, $0 2005. Enter the 2005 value of property in deannexed territory. 2005 taxable value lost because property first qualified for an exemption in2006 . 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 2005 market value: $181,274 B. Partial exemptions. 2006 exemption amount or 2006 percentage $9,682,545 exemption times 2005 value: C. Value loss. Add A and B. $9,863,819 2005 taxable value lost because property first qualified for agricultural appraisal (l-d or I-d- I), timber appraisal, recreationaVscenic appraisal or public access airport special appraisal in 2006. Use only those properties that first qualified in 2006; do not use properties that qualified in 2005. A. 2005 market value: $0 B. 2006 productivity or special appraised value: $0 C. Value loss. Subtract B from A. $0 Total adjustments for lost value. Add lines 7, 8C and 9C. $9,863,819 2005 adjusted taxable value. Subtract line 10 from line 6. $1,693,612,779 Adjusted 2005 taxes. Multiply line 4 by line 11 and divide by $100. $12,024,650 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Truth In Taxation - May 2006 Page: