O-2011-3380 establishing the Tax Rate for the 2011-2012 Fiscal Year

Browse Search

your taxing units adopted the tax ceiling provision in 2010 or a prior year for homeowners age 65 or older or disabled, use this step. 19. 2011 total taxable value. Add Lines 16E and 17C. Subtract Line 18. $2,152,943,838 20. Total 2011 taxable value of properties in territory annexed after Jan. 1, 2010. Include both real and personal property. Enter the 2011 value of property in territory $3,932,281 annexed. 21. Total 2011 taxable value of new improvements and new personal property located in new improvements. "New" means the item was not on the appraisal roll in 2010. An improvement is a building, structure, fixture or fence erected on or affixed to land. New additions to existing improvements may be included if the appraised value can be $25,092,489 determined. New personal property in a new improvement must have been brought into the unit after Jan. 1, 2009, and be located in a new improvement. New improvements do include property on which a tax abatement agreement has expired for 2011. 22. Total adjustments to the 2011 taxable value. Add Lines 20 and 21. $29,024,770 23.2011 adjusted taxable value. Subtract Line 22 from Line 19. $2,123,919,068 24.2011 effective tax rate. Divide Line 15 by Line 23 and multiply by $100. $0.716!$100 25. COUNTIES ONLY. Add together the effective tax rates for each type of tax the county levies. The total is the 2011 county effective tax rate. A county, city or hospital district that adopted the additional sales tax in November 2010 or in May 2011 must adjust its effective tax rate. The Additional Sales Tax Rate Worksheet (Appendix 4) on page 35 of the Texas Comptroller's 2011 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.