2009 Rollback Tax Rate Worksheet
See pages 13 to 15 for an explanation of the rollback tax rate.
Maintenance and operations (M&O) tax rate. Enter $1.50 OR the 2005 adopted M&O rate if voters approved a rate higher than $1.50.
Senate Bill 2274 amended Tax Code Section 26.08 to direct a school district that adopted a maintenance and operation
|25.||Multiply Line 24 times .6667||$ /$100|
2009 rollback maintenance and operation rate.
Rate A: Add $0.04 plus the rate equal to the sum of any differences between the adopted
2006 and subsequent tax rates approved by voters and the rollback rates for 2006 and
subsequent years to Line 25. ___________
Rate B: Go to Region 13 Education Service Center's worksheet "State Aid Template for 2009-10" at http://www5.esc13.net/finance/. Use tab labeled "Effective Rate" and complete through line 51.
To line 51 add $0.04. ___________
C: Enter the lesser of Rate A or Rate B ___________
(See Lines 36 to 39 for additional rate for pollution control expenses)
Total 2009 debt to be paid with property taxes and additional sales tax revenue. "Debt" means the interest and principal that will be paid on debts that:
Debt also includes contractual payments to other school districts that have incurred debts on behalf of this school district, if those debts meet the four conditions above. Include only amounts that will be paid from property tax revenue. Do not include appraisal district budget payments. If using unencumbered funds, subtract unencumbered fund amount used from total debt and list remainder. School districts subtract state aid received for paying principal and interest on debt for facilities through the existing debt allotment (EDA) program and/or instructional facilities allotment (IFA) program.
|28.||Certified 2008 excess debt collections. Enter the amount certified by the collector.||$|
|29.||Adjusted 2009 debt. Subtract Line 28 from Line 27.||$|
|30.||Certified 2009 anticipated collection rate. Enter the rate certified by the collector. If the rate is 100 percent or greater, enter 100 percent.||%|
|31.||2009 debt adjusted for collections. Divide Line 29 by Line 30.||$|
Enter the 2009 captured appraised value of real property taxable by the school district in a tax increment financing zone that corresponds to the 2009 taxes that will be deposited into the tax increment fund.
Also, enter any new property value that is subject to a Chapter 313 tax limitation agreement.
|33.||2009 total taxable value. Subtract Line 32 from Line 18.||$|
|34.||2009 debt tax rate. Divide Line 31 by Line 33 and multiply by $100.||$ /$100|
|35.||2009 rollback tax rate. Add Lines 26C and 34.||$ /$100|