GENERAL INFORMATION: Tax Code Section 26.04{c) requires an officer or employee designated by the governing body to calculate the no-new-revenue (NNR) tax rate and voter-approval tax rate for the taxing unit. These tax rates are expressed in dollars per $100 of taxable value calculated.The calculation process starts after the chief appraiser delivers to the taxing unit the certified appraisal roll and the estimated values of properties under protest. The designated officer or employee shall certify that the officer or employee has accurately calculated the tax rates and used values shown for the certified appraisal roll or certified estimate. The officer or employee submits the rates to the governing body by Aug. 7 or as soon thereafter as practicable.
School districts do not use this form, but Instead use Comptroller Form 50-859 Tax Rate Calculation Worksheet, School District without Chapter 313 and JET/ Agreements or Comptroller Form 50-884 Tax Rate Calculation Worksheet, School District with Chapter 313 and JET/ Agreements.
Water districts as defined under Water Code Section 49.001(1) do not use this form, but Instead use Comptroller Form 50-858 Water District Voter-Approval Tax Rate Worksheet for low Tax Rate and Developing Districts or Comptroller Form 50-860 Developed Water District Voter-Approval Tax Rate Worksheet.
The Comptroller's office provides this worksheet to assist taxing units In determining tax rates. The information provided In this worksheet is offered as technical assistance and not legal advice. Taxing units should consult legal counsel for Interpretations of law regarding tax rate preparation and adoption.
Taxing units must include a hypertlnk to a document that evidences the accuracy of each entry In the worksheet other than an entry making a mathematical calculation.' Source materials must contain data for all worksheets used, Including supplemental worksheets.
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