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<br />. <br /> <br />. <br /> <br />. <br /> <br />e <br /> <br />e <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 2003 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 />1 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 for Taxes in the TIRZ <br /> <br />2 Calculation of 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 Oue the TIRZ by the La Porte ISO <br />b Divided the Total Tax Rate for ISO <br />c Equals Taxes due the Tirz per penny of Tax Rate <br />d Times rate for General TIRZ Projects (.0086 per contract) c.~y <br />e Difference is rate for Education Facilities Projects ~D <br /> <br />4/21/2004 <br /> <br />$119,648.33 <br />$18,790.22 <br />$0.0168 <br /> <br />$119,648.33 <br />$18,790.22 <br />$100,858.11 <br />$119,648.33 <br />84.30% <br /> <br />$119,648.33 <br />$0.0168 <br />7,121,924 <br />6,346,840 <br />775,084 <br /> <br />775,084 <br />$0.0168 <br />$13,021.42 <br />84.30% <br />$10,976.46 <br /> <br />- .-- ---, <br />~--~ . ' <br />,.;~ ' <br />- $10,97.6.46 <br />~_...--' <br />$0.0168 <br />~34~ <br />~ $5iI91?6::::x// <br />.~$5,185.20 <br /> <br />-----. -. .-. . .~ . ' <br />