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2006 Effective Tax Rate Worksheet Entity Name: City of La Porte 19. 20. Date: 09/5/2006 21. 2006 total taxable value. Add lines 16E and 17C. Subtract line 18. $1,710,097,059 Total 2006 taxable value of properties in territory annexed after January 1,2005. $5,757,297 Include both real and personal property. Enter the 2006 value of property in territory annexed Tota12006 taxable value of new improvements and new personal property $31,580,720 located in new improvements. "New" means the item was not on the appraisal roll in 2005. 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, 2005 and be located in a new improvement New improvements do include property on which a tax abatement agreement has expired for 2006. 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 2006 taxable value. Add lines 20 and 21. $37,338,017 2006 adjusted taxable value. Subtract line 22 from line 19. $1,672,759,042 2006 effective tax rate. Divide line 15 by line 23 and multiply by $100. (/$100) 0.722 COUNTIES ONL Y. Add together the effective tax rates for each type of tax the county levies. The total is the 2006 county effective tax rate. (/$100) 22. 23. 24. 25. A county, city or hospital district that adopted the additional sales tax in August or November2005 or in January or May 2006 must adjust its effective tax rate. The Additional Sales Tax Rate Worksheet on page 41 of the Texas Comptroller's 2006 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 - May 2006 Page: 3