See pages 17 to 20 of the Texas Comptroller's 2004 Truth-in-Taxation Manual for an explanation of the effective tax rate.

Note: School districts are not required to publish an effective tax rate.  School districts may complete this worksheet, at

their option, or may skip to the Rollback Tax Rate Worksheet.

2003 total taxable value. Enter the amount of 2003 taxable value on the 2003 tax

roll today. Include any adjustments since last year's certification; exclude Section

25.25(d) one-third over-appraisal corrections from these adjustments.  This total

includes the taxable value of homesteads with tax ceilings (will deduct in line 2)

and the captured value for tax increment financing (will deduct taxes in line 14).

SCHOOL DISTRICTS. Enter 2003 total taxable value of homesteads with tax

ceilings.  These include the homesteads of homeowners age 65 or older or

disabled. Other units enter "0" (Note: Beginning with the 2005 tax rate, taxing

units that adopted in 2004 the tax ceiling provision for homeowners age 65 or

older or disabled will use this step.)

2003 taxable value lost because court appeals of ARB decisions reduced 2003

appraised value.

2003 taxable value, adjusted for court-ordered reductions.  Add line 3 and line

5C.

2003 taxable value of property in territory the unit deannexed after January 1,

2003.  Enter the 2003 value of property in deannexed territory.

2003 taxable value lost because property first qualified for an exemption in

2004.  Note that lowering the amount or percentage of an existing exemption

does not create a new exemption or reduce taxable value.  If the taxing unit

increased an original exemption, use the difference between the original

exempted amount and the increased exempted amount.  Do not include value lost

due to freeport exemptions or tax abatements.

Partial exemptions. 2004 exemption amount or 2004 percentage

exemption times 2003 value:

2003 taxable value lost because property first qualified for agricultural appraisal

(1-d or 1-d-1), timber appraisal, recreational/scenic appraisal or public access

airport special appraisal in 2004.  Use only those properties that first qualified in

2004; do not use properties that qualified in 2003.

 

Taxes refunded for years preceding tax year 2003.  Enter the amount of taxes

refunded during the last budget year for tax years preceding tax year 2003.

Types of refunds include court decisions, Section 25.25(b) and (c) corrections

and Section 31.11 payment errors.  Do not include refunds for tax year 2003.

This line applies only to tax years preceding tax year 2003.

Taxes in tax increment financing (TIF) for tax year 2003.  Enter the amount of

taxes paid into the tax increment fund for a reinvestment zone as agreed by the

taxing unit.  If the unit has no 2004 captured appraised value in Line 16D, enter

"0."  This does not apply to school districts.

Total 2004 taxable value on the 2004 certified appraisal roll today.  This value

includes only certified values and includes the total taxable value of homesteads

with school tax ceilings (will deduct in line 18).  These homesteads includes

homeowners age 65 or older or disabled.

Counties: Include railroad rolling stock values certified by the

Comptroller's office:

Pollution control exemption:  Deduct the value of property exempted

for the current tax year for the first time as pollution control property

(use this line based on attorney's advice):

Tax increment financing:  Deduct the 2004 captured appraised value

of property taxable by a taxing unit in a tax increment financing zone

for which the 2004 taxes will be deposited into the tax increment

fund.  Do not include any new property value that will be included in

line 21 below.  Step D does not apply to school districts.

2004 taxable value of properties under protest.  The chief appraiser

certifies a list of properties still under ARB protest.  The list shows

the district's value and the taxpayer's claimed value, if any or an

estimate of the value if the taxpayer wins.  For each of the properties

under protest, use the lowest of these values.  Enter the total value.

2004 value of properties not under protest or included on certified

appraisal roll.  The chief appraiser gives taxing units a list of those

taxable properties that the chief appraiser knows about but are not

included at appraisal roll certification.  These properties also are not

on the list of properties that are still under protest.  On this list of

properties, the chief appraiser includes the market value, appraised

value and exemptions for the preceding year and a reasonable

estimate of the market value, appraised value and exemptions for the

current year.  Use the lower market, appraised or taxable value (as

appropriate).  Enter the total value.

 

 

SCHOOL DISTRICTS.  Enter 2004 total taxable value of homesteads with tax

ceilings.  These include the homesteads of homeowners age 65 or older or

disabled.  Other units enter "0" (Note: Beginning with the 2005 tax rate, taxing

units that adopted in 2004 the tax ceiling provision for homeowners age 65 or

older or disabled will use this step.)

Total 2004 taxable value of properties in territory annexed after January 1, 2003.

Include both real and personal property.  Enter the 2004 value of property in

territory annexed, including any territory annexed by the school district.

Total 2004 taxable value of new improvements and new personal property

located in new improvements.  "New" means the item was not on the appraisal

roll in 2003.  An improvement is a building, structure, fixture or fence erected on

or affixed to land.  A transportable structure erected on its owner's land is also

included unless it is held for sale or is there only temporarily.  New additions to

existing improvements may be included if the appraised value can be

determined.  New personal property in a new improvement must have been

brought into the unit after January 1, 2003 and be located in a new improvement.

New improvements do include property on which a tax abatement agreement has

expired for 2004.  New improvements do not include mineral interests produced

for the first time, omitted property that is back assessed and increased appraisals

on existing property.

COUNTIES ONLY.  Add together the effective tax rates for each type of tax the

county levies.  The total is the 2004 county effective tax rate. (/$100)

A county, city or hospital district that adopted the additional sales tax in August or November 2003 or in January or May 2004 must

adjust its effective tax rate.  The Additional Sales Tax Rate Worksheet on page 54 of the Texas Comptroller's 2004 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.