Free 2007 - Texas

50-755 09-07/2

Comptroller of Public Accounts · Property Tax Division

2007 REPORT ON VALUE LOST BECAUSE OF SCHOOL DISTRICT PARTICIPATION IN TAX INCREMENT FINANCING (TIF)
Please submit an original of this form for each TIF you participate in to the Property Tax Division's Reporting Section. All sections of the report must be completed. The Property Tax Division's address is P.O. Box 13528, Austin, Texas 78711-3528. Our fax number is (512) 305-9801 or (512) 463-2427. Please direct your questions to the Reporting Section at (800) 252-9121, extension 6-6160.

Part I - Identifying Information
School district name ISD# CAD#

Appraisal district name

Part II - Eligibility
Please check your response to the following questions. If the answers to 1, 2, 3 AND either 4a or 4b are "YES", the TIF payment is eligible to be deducted in the Comptroller's Property Value Study. 1. Is the property eligible for Tax Increment Financing under Chapter 311 of the Tax Code? 2. Is the property paying taxes into a TIF fund created under a reinvestment zone financing plan approved under § 311.011 (d) of the Tax Code on or before September 1, 1999? 3. Is the property within the zone boundaries as they existed on September 1, 1999? 4a. Is the property located within a reinvestment zone that was designated on or before May 31, 1999? OR 4b. Is the property located in an area proposed to be in a reinvestment zone described in a written notice sent to governing bodies before May 31, 1999? Yes

Yes Yes Yes
Yes

No No No
No No





Part III - Zone and Finance Plan Information
1. Date zone created: 2. Date finance plan approved: 3. School district formula for payment into the TIF (percentage, M&O only, other); attach an explanation if necessary: 4. Number of years school district has participated in TIF: __________________________________________________ __________________________________________________ __________________________________________________ __________________________________________________

Part IV - PVS Deduction Calculation
Note - A deduction will be made in the property value study ONLY if the TIF payment is eligible under Part II above.
1. Current appraised value of taxable property in the tax increment zone: 2. Base value of taxable property in the zone: 3. Captured appraised value in the zone (#1 less #2): 4. Current-year tax increment your taxing unit paid (or will pay) into the tax increment fund: 5. Total current-year tax increment for your taxing unit: 6. Portion of the tax increment paid into the tax increment fund (#4 divided by #5): 7. Multiply #3 by #6 and enter the result (this amount will be combined with eligible Part IV, Line 7 amounts from any other tax increment zones you reported and the combined amount will be deducted in the Property Value Study): __________________________________________________ __________________________________________________ __________________________________________________ __________________________________________________ __________________________________________________ __________________________________________________

__________________________________________________

Please provide a copy of the district's original interlocal agreement and any amendments for each TIF in which it participates, a copy of the ordinance designating the TIF and the written notification required by Tax Code § 311.003(e).

Signature of person responsible for completing this form

Print Name

Date