Free 2008 City Report of Property Value--Short Form - Texas

50-255 (Rev. 06-08/18)

2008 CITY REPORT OF PROPERTY VALUE -- SHORT FORM
(Instructions on Back of Form)

· Completeallsectionsandsubmitoriginalandonecopyofeachrequesteddocument. · SubmitacertifiedrecapthatcorrespondswiththevaluereportedontheElectronicAppraisalRollSubmission.Recapshould includethebreakdownofcategoryvalues,breakdownofexemptionsandlosses,thebreakdownoflandclasses,productivity valueschedule,taxincrementfinancingfund(s)anddeferredtaxes/increasinghomesteads.RequiredunderPropertyTaxCode Sections25.24and26.01. · SeeInstructionBookletforduedates.
City Name CR0001 City Number CR0002

Appraisal District Name

1. TAX RATE INFORMATION City tax rate (Maintenance & Operations Rate + Interest & Sinking Fund Rate = Total Tax Rate).
CR0038 CR0040 Total Tax Rate CR0042

Maintenance & Operations Tax Rate

+

Interest & Sinking Fund Tax Rate

=
CR0444

2. TOTAL2008PROJECTEDPAYMENTSINTOTAXINCREMENTFINANCINGFUND(S).............. $
CR0456

Pleaseenterthenumberoftaxincrementreinvestmentzonesyouhavedesignated. ____________________________________ 3. TAXABATEMENTAGREEMENT(S):
CR0034

a) Total appraised value lost. ...........................................................................................$
CR0455

b) Number granted _______________ 4. Lastyear'sactuallevylosttodeferredcollectionoftaxesonresidence homesteadsofelderlyordisabledpersonsand/orappreciatingresidence homesteads(TaxCodeSections33.06and33.065).Reportactuallevylost shownontaxstatement.Donotincludepenaltiesandinterest. SeeInstructionBookletfordetails.................................................................................. $

CR0460

CR0510

5. Totallevylostduetotheover-65/disabledceiling. .....................................................$ 6. Pleaseattachacopyofthetop10taxpayersinyourdistrictindescendingorderbasedontaxablevalueofallrealand personalproperty.Reportedamountsshouldrepresentappraisedmarketandtaxablevalues.

Returnoriginalandonecopyto: COMPTROLLER OF PUBLIC ACCOUNTS Property Tax Division Reporting Section P.O. Box 13528 Austin, Texas 78711-3528

By signing this report, I agree that the values are true and correct as certified to this county by the Chief Appraiser.
Official authorized by City Date

Print name/title

Phone (Area code and number)

Ifyouhaveanyquestionsaboutthisreport,pleasecalltheReportingSectionat(800)252-9121.Fax(512)305-9801or(512)463-2427.

Form 50-255 (Rev. 06-08/18) (Back)

INSTRUCTIONS 2008CITYREPORTOFPROPERTYVALUE-SHORTFORM
1. Citytaxrate. Report the city tax rate here. Separate the maintenance and operations tax rate (M&O) from the interest and sinking fund tax rate (I&S). The sum of the two tax rates should equal total tax rate. 2. Projectedtaxpaymentsinto2008taxincrementfinancingfund(s). Please report the total projected payments into each 2008 tax increment financing fund in which your city participates. (Section 311.013, Tax Code) You should not report more than the amount of payments into the fund. Pleaseenterthenumberof taxincrementreinvestmentzonesyouhavedesignated. 3. Taxabatementagreement(s). The owner of property to which an agreement was made under the Property Redevelopment and Tax Abatement Act is entitled to a tax exemption by an incorporated city or town or other taxing unit on all or part of the value of the property as provided by the agreement. 4. Lastyear'sactuallevylosttodeferredcollectionoftaxesonresidencehomesteadsofelderlyor disabledpersonsand/orappreciatinghomesteads.An age 65 or older or disabled individual is entitled to defer or abate a lawsuit to collect a delinquent tax on their residence homestead. These individuals can apply for the tax deferral with the appraisal district before their taxes become delinquent or after delinquency occurs. Tax deferrals reported on the self reports should be for the current year PVS, and the deferral amount should not include prior years or be combined with the county, cities and other schools. A common misconception of this is when the district reports the 10 percent cap loss multiplied by the tax rate. This would be an incorrect value. When uncertain, especially after reviewing historical analysis, request a print out to show the district's tax deferrals and the value that was reported on their report and compare to see if this value is correct. We are asking for the district to report the levy lost to age 65 or older tax deferrals or increasing home values. (Please report the amount that the taxpayer is deferring on the tax statement.) SEEINSTRUCTIONBOOKLETFORDETAILS. 5. Totallevylostduetotheover-65/disabledceiling. Please report the levy lost to the tax ceiling on homesteads for the elderly/disabled, as provided in the Tax Code, Section 11.261. The amount is not the "frozen" taxes paid but the difference between what would have been paid and what was actually paid. 6. TopTenTaxpayers. Please attach a copy of the top ten taxpayers in your district in descending order based on taxable value of all real and personal property. Reported amounts should represent appraised market and taxable value. The person authorized to complete this form should sign it, and include title, phone number and date signed. Please return the form to the address shown on the other side. If you need help completing this form, call the Reporting Section at (800) 252-9121. We will be happy to assist you.