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<br />2008 Effective Tax Rate Worksheet <br /> <br />Entity Name: City of La Porte Date: 09/4/2008 <br />See pages 13 to 16 of the Texas Comptroller's 2008 Truth-in-Taxation Manual for an explanation of the effective tax rate <br /> <br />1. <br /> <br />2007 total taxable value. Enter the amount of2007 taxable value on the 2007 tax $1,950,907,645 <br />roll today. Include any adjustments since last yeats certification; exclude Section <br />25.25(d) one-third over-appraisal corrections from these adjustments. This total <br />includes the taxable value of homesteads with tax ceilings(will deduct in line 2) <br />and the captured value for tax increment fmancing(will deduct taxes in line 14). <br />2007 tax ceilings. Counties, Cities and Junior College Districts. Enter 2007 total $0 <br />taxable value of homesteads with tax ceilings. These include the homesteads of <br />homeowners age 65 or older or disabled. Other units enter "0" If your taxing <br />units adopted the tax ceiling provision in 2007 or a prior year for homeowners <br />age 65 or older or disabled, use this step. <br />Preliminary 2007 adjusted taxable value. Subtract line 2 from line 1. $1,950,907,645 <br />2007 total adopted tax rate. (/$100) 0.710 <br />2007 taxable value lost because court appeals of ARB decisions reduced 2007 <br />appraised value. <br />A. Original 2007 ARB values: $16,062,650 <br />B. 2007 values resulting from fmal court decisions: $14,529,390 <br />c. 2007 value loss. Subtract B from A. $1,533,260 <br />2007 taxable value, adjusted for court-ordered reductions. Add line 3 and line $1,952,440,905 <br />5C. <br />2007 taxable value of property in territory the unit dearmexed after January 1, $0 <br />2007. Enter the 2007 value of property in deannexed territory. <br />2007 taxable value lost because property first qualified for an exemption in <br />2008. Note that lowering the amount or percentage of an existing exemption <br />does not create a new exemption or reduce taxable value If the taxing unit <br />increased an original exemption, use the difference between the original <br />exempted amount and the increased exempted amount Do not include value lost <br />due to freeport, "goods-in-transit" exemptions or tax abatements. <br />A. Absolute exemptions. Use 2007 market value: $82,422 <br />B. Partial exemptions. 2008 exemption amount or2008 percentage $13,340,265 <br /> exemption times 2007 value: <br />c. Value loss. Add A and B. $13,422,687 <br />2007 taxable value lost because property first qualified for agricultural appraisal <br />(l-d or 1-d-l), timber appraisal, recreationaVscenic appraisal or public access <br />airport special appraisal in 2008. Use only those properties that first qualified in <br />2008; do not use properties that qualified in 2007. <br />A. 2007 market value: $0 <br />B. 2008 productivity or special appraised value: $0 <br />c. Value loss. Subtract B from A. $0 <br />Total adjustments for lost value. Add lines 7, 8C and 9C. $13,422,687 <br />2007 adjusted taxable value. Subtract line 10 from line 6. $1,939,018,218 <br />Adjusted 2007 taxes. Multiply line 4 by line 11 and divide by $100. $13,767,029 <br /> <br />2. <br /> <br />3. <br />4. <br />5. <br /> <br />6. <br /> <br />7. <br /> <br />8. <br /> <br />9. <br /> <br />10. <br />11. <br />12. <br /> <br />Truth In Taxation - May 2008 <br /> <br />Page: <br />