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<br />9/13/2005 <br /> <br />Calculation of the Amount of Taxes Due the <br />Tax Increment Reinvestment Zone # 1, La Porte, TX <br />By the City of La Porte <br />For the 2004 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 City's Tax Rate (.71 = .71 Cents per $100) <br /> <br />$58,795.88 <br />$10,226.15 <br />$0.0071 <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 />$58,795.88 <br />$10,226.15 <br />$48,569.73 <br />$58,795.88 <br />82.61 % <br /> <br />'I c, .0:3> % <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 City'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 />$58,795.88 <br />$0.0071 <br />8,281,110 <br />6,362,980 <br />1,918,130 <br /> <br />3 Calculation of the Amount Due the TIRZ by the City <br />a Captured Appraised Value <br />b Times City's Tax Rate <br />c Equals Total Taxes applicable to the Captured Appraised Value <br />d Times the City's Collection Rate <br />e Equals the Total Taxes due the TIRZ by the City of La Porte <br /> <br />1,918,130 <br />$0.0071 <br />$13,618.72 <br />82.61% Pf <br />$11,250.07 ) 0) ~?1. C i <br />