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<br />". <br />" <br /> <br />Calculation of the Amount of Taxes Due the <br />Tax Increment Reinvestment Zone # 1, La Porte, TX <br />By the La Porte ISO <br />For the 2001 Tax Year <br /> <br />Data Entry Area: <br /> <br />Enter the Amount of Taxes Billed on Property located in the Zone <br />Enter the Amount of Billed Taxes which have not been collected <br />Enter the ISO's Tax Rate (1.63 = 1.63 Cents per $100) <br /> <br />Calculation of the Collection Rate for Property in the TIRZ <br />a Total Taxes Billed on Property Located in the TIRZ <br />b Less Total Delinquent Taxes on Property Located in the TIRZ <br />c Equals Total Taxes Collected on Property in the TIRZ <br />d Divided by the Total Taxes Billed on Property Located in the TIRZ <br />e Equals the Collection Rate fpr Taxes in the TIRZ <br /> <br />2 . Calculation if the Captured Appraised Value <br />a Total Taxes Billed on Property Located in the TIRZ <br />b Divided by the ISO's Tax Rate <br />c Equals the Total Appraised Value for the Current Year <br />d Less the Tax Increment Base (1999) Value <br />e Equals the Captured Appraised Value <br /> <br />3 Calculation of the Amount Due the Tirz by the ISO <br />a Captured Appraised Value <br />b Times ISO's Tax Rate <br />c Equals Total Taxes applicable to the Captured Appraised Value <br />d Times the ISO's Collection Rate <br />e Equals the Total Taxes due the TIRZ by the La Porte ISO <br /> <br />4 Breakdown of How ISO Taxes are Applied <br />a Equals the Total Taxes Due the TIRZ by the La Porte ISO <br />b Divided the Total Tax Rate for ISO <br />c Equals Taxes due the Tirz per Denny of Tax Rate <br />d Times rate for General TIRZ P <br />e Difference is rate for Educatior <br /> <br />Ge( a.J. it!Jfk <br />(/v;) CJ:)/lt01t;.>~ <br />(ij 4" e;> ~ 1>8'-0 9 ? 1 <br /> <br />$131,604.09 <br />$35,906.76 <br />$0.0163 <br /> <br />$131,604.09 <br />$35,906.76 <br />$95,697.33 <br />$131,604.09 <br />72.72% <br /> <br />$131,604.09 <br />$0.0163 <br />8,073,871 <br />6,346,840 <br />1,727,031 <br /> <br />1,727,031 <br />$0.0163 <br />$28,150.60 <br />72.72% <br />$20,470.01 <br /> <br />$20,470.01 <br />$0.0163 <br />$125.58 <br />$10,800.13 <br />$9,669.88 <br />