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<br />2008 Effective Tax Rate Worksheet <br /> <br />Entity Name: City of La Porte <br />19. <br />20. <br /> <br />Date: 09/4/2008 <br /> <br />21. <br /> <br />2008 total taxable value. Add lines 16E and 17C. Subtract line 18. $2,102,054,551 <br />Total 2008 taxable value of properties in territory annexed after January 1,2007. $8,369,271 <br />Include both real and personal property. Enter the 2008 value of property in <br />territory annexed <br />Total 2008 taxable value of new improvements and new personal property $151,094,683 <br />located in new improvements. "New" means the item was not on the appraisal <br />roll in 2007. An improvement is a building structure, fixture or fence erected on <br />or affixed to land A transportable structure erected on its owners land is also <br />included unless it is held for sale or is there only temporarily. New additions to <br />existing improvements may be included if the appraised value can be <br />determined. New personal property in a new improvement must have been <br />brought into the unit after January 1, 2007 and be located in a new improvement <br />New improvements do include property on which a tax abatement agreement has <br />expired for 2008. New improvements do not include mineral interests produced <br />for the first time, omitted property that is back assessed and increased appraisals <br />on existing property. <br />Total adjustments to the 2008 taxable value. Add lines 20 and 21. $159,463,954 <br />2008 adjusted taxable value. Subtract line 22 from line 19. $1,942,590,597 <br />2008 effective tax rate. Divide line 15 by line 23 and multiply by $100. (/$100) 0.710 <br />COUNTIES ONLY. Add together the effective tax rates for each type of tax the <br />county levies. The total is the 2008 county effective tax rate. (/$100) <br /> <br />22. <br />23. <br />24. <br />25. <br /> <br />A county, city or hospital district that adopted the additional sales tax in August or November2007 or in January or May 2008 must <br />adjust its effective tax rate. The Additional Sales Tax Rate Worksheet on page 41 of the Texas Comptroller's 2008 Truth-in-Taxation <br />Manual sets out this adjustment Do not forget to complete the Additional Sales Tax Rate Worksheet if the taxing unit adopted the <br />additional sales tax on these dates. <br /> <br />Truth In Taxation ~ May 2008 <br /> <br />Page: <br /> <br />3 <br />