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<br />2008 Rollback Tax Rate Worksheet <br /> <br />Entity Name: City of La Porte Date: 09/4/2008 <br />See pages 17 to 21 of the Texas Comptroller's 2008 Truth-In-Taxation Manual for an explanation of the rollback tax rate <br /> <br />32. <br /> <br />Total 2008 debt to be paid with property taxes and additional sales tax revenue $1,921,804 <br />"Debt" means the interest and principal that will be paid on debts that <br />(1) are paid by property taxes, <br />(2) are secured by property taxes, <br />(3) are scheduled for payment over a period longer than one year and <br />(4) are not classified in the units budget as M&O expenses. <br />Debt also includes contractual payments to other taxing units that have incurred <br />debts on behalf of this taxing uni~ if those debts meet the four conditions above <br />Include only amounts that will be paid from property tax revenue( or additional <br />sales tax revenue). Do not include appraisal district budget payments. List the <br />debt in "Schedule B: Debt Service." If using unencumbered funds, subtract <br />unencumbered fund amount used from total debt and list remainder <br />Certified 2007 excess debt collections. Enter the amount certified by the $0 <br />collector. <br />Adjusted 2008 debt. Subtract line 33 from line 32. $1,921,804 <br />Certified 2008 anticipated collection rate. Enter the rate certified by the 100.00% <br />collector. If the rate is 100 percent or greater, enter 100 percent. <br />2008 debt adjusted for collections. Divide line 34 by line 35. $1,921,804 <br />2008 total taxable value. Enter the amount on line 19. $2,102,054,551 <br />2008 debt tax rate. Divide line 36 by line 37 and multiply by $100. (/$100) 0.091 <br />2008 rollback tax rate. Add lines 31 and 38. (/$100) 0.750 <br />COUNTIES ONLY. Add together the rollback tax rates for each type of tax the <br />county levies. The total is the 2008 county rollback tax rate. (/$100) <br /> <br />33. <br /> <br />34. <br />35. <br /> <br />36. <br /> <br />37. <br /> <br />38. <br /> <br />39. <br /> <br />40. <br /> <br />A taxing unit that adopted the additional sales tax must complete the lines for the Additional Sales Tax Rate A taxing unit <br />seeking additional rollback protection for pollution control expenses completes the Additional Rollback Protection for <br />Pollution Control. <br /> <br />Truth In Taxation - May 2008 <br /> <br />Page: <br /> <br />2 <br />