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Res 2022-187R/setting a maximum proposed Tax Rate of $60.30 cents per $100 taxable value
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Res 2022-187R/setting a maximum proposed Tax Rate of $60.30 cents per $100 taxable value
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11/7/2022 2:09:01 PM
Creation date
10/25/2022 3:45:11 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2022-187R
Date
8/16/2022
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2022 Tax Rate Calculation Worksheet-Taxing Units Other Than School Districts or Water Districts Form 50-856 <br /> 50. COUNTIES ONLY.Add together the voter-approval tax rates for each type of tax the county levies.The total is the 2022 county voter-approval <br /> tax rate. <br /> $ 0.0000/$100 <br /> Cities,counties and hospital districts may levy a sales tax specifically to reduce property taxes.Local voters by election must approve imposing or abolishing the additional sales <br /> tax.If approved,the taxing unit must reduce its NNR and voter-approval tax rates to offset the expected sales tax revenue. <br /> This section should only be completed by a county,city or hospital district that is required to adjust its NNR tax rate and/or voter-approval tax rate because it adopted the <br /> additional sales tax. <br /> ABB 0 B B <br /> 51. Taxable Sales.For taxing units that adopted the sales tax in November 2021 or May 2022,enter the Comptroller's estimate of taxable sales for <br /> the previous four quarters.31 Estimates of taxable sales may be obtained through the Comptroller's Allocation Historical Summary webpage. <br /> Taxing units that adopted the sales tax before November 2021,enter 0. $ p <br /> 52. Estimated sales tax revenue.Counties exclude any amount that is or will be spent for economic development grants from the amount of esti- <br /> mated sales tax revenue.11 <br /> Taxing units that adopted the sales tax in November 2021 or in May 2022.Multiply the amount on Line 51 by the sales tax rate <br /> (.01_005 or.0025,as applicable)and multiply the result by.95.31 <br /> -or- <br /> Taxing units that adopted the sales tax before November 2021.Enter the sales tax revenue for the previous four quarters.Do not <br /> multiplyby.95. $ 12,238,194 <br /> 53. 2022 total taxable value.Enter the amount from Line 21 of the No-New-Revenue Tax Rate Worksheet. $ 7,283,889,570 <br /> 54. Sales tax adjustment rate.Divide Line 52 by Line 53 and multiply by$100. $ 0.1680/$100 <br /> 55. 2022 NNR tax rate,unadjusted for sales tax.35 Enter the rate from Line 26 or 27,as applicable,on the No-New-Revenue Tax Rate Worksheet. $ 0.5459/$100 <br /> 56. 2022 NNR tax rate,adjusted for sales tax. <br /> Taxing units that adopted the sales tax in November 2021 or in May 2022.Subtract Line 54 from Line 55.Skip to Line 57 if <br /> you adopted the additional sales tax before November 2021. $ 0.5459/$100 <br /> 57. 2022 voter-approval tax rate,unadjusted for sales tax.36 Enter the rate from Line 49,Line D49(disaster)or Line 50(counties)as applicable, <br /> of the Voter-Approval Tax Rate Worksheet. $ 0.7428/$100 <br /> 58. 2022 voter-approval tax rate,adjusted for sales tax.Subtract Line 54 from Line 57. $ 0.5748/$100 <br /> A taxing unit may raise its rate for M&O funds used to pay for a facility,device or method for the control of air,water or land pollution.This includes any land,structure,building, <br /> installation,excavation,machinery,equipment or device that is used,constructed,acquired or installed wholly or partly to meet or exceed pollution control requirements.The <br /> taxing unit's expenses are those necessary to meet the requirements of a permit issued by the Texas Commission on Environmental Quality(TCEQ).The taxing unit must provide <br /> the tax assessor with a copy of the TCEQ letter of determination that states the portion of the cost of the installation for pollution control. <br /> This section should only be completed by a taxing unit that uses M&O funds to pay for a facility,device or method for the control of air,water or land pollution. <br /> 59. Certified expenses from the Texas Commission on Environmental Quality(TCEQ).Enter the amount certified in the determination letter <br /> from TCEQ.31 The taxing unit shall provide its tax assessor-collector with a copy of the letter.as $ p <br /> 60. 2022 total taxable value.Enter the amount from Line 21 of the No-New-Revenue Tax Rate Worksheet. $ 7,283,889,570 <br /> 61. Additional rate for pollution control.Divide Line 59 by Line 60 and multiply by$100. $ 0/$100 <br /> 62. 2022 voter-approval tax rate,adjusted for pollution control.Add Line 61 to one of the following lines(as applicable):Line 49,Line <br /> D49(disaster),Line 50(counties)or Line 58(taxing units with the additional sales tax). $ 0.5748/$100 <br /> "Tex.Tax Code§26.041(d) <br /> "Tex.Tax Code§26.041(1) <br /> "Tex.Tax Code§26.041(d) <br /> Tex.Tax Code§26.04(c) <br /> 3e Tex.Tax Code§26.04(c) <br /> "Tex.Tax Code§26.045(d) <br /> '¢Tex.Tax Code§26.045(i) <br /> For additional copies,visit:comptroller.texas.gov/taxes/property-tax Page 7 <br />
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