Form 50-755 - 2008 - Report On Value Lost Because Of School District Participation In Tax Increment Financing (Tif) Page 2

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50-755
09-08/3
Instructions
2008 Report on Value Lost Because of
School District Participation in Tax Increment Financing (TIF)
Please submit the original of this form for each TIF in which you participate, with a recap
of the property in the TIF zone, to the Property Tax Division’s Reporting Section.
Part I – Indentifying Information
Complete identifying information
Part II – Eligibility
Please check the boxes that describe your eligibility for the deduction from the Property Value Study.
Part III – Zone and Finance Plan Information
Item 1. Enter the name and number of the TIF zone in which the school district participates.
Item 2 Enter the date the TIF zone was designated.
Item 3. Enter the date the finance plan was approved. (This date should be before September 1, 1999.)
Item 4. School district’s formula for payment into TIF. (This may be the current year’s tax rate, a percentage of
the tax rate, the M & O portion of the tax rate or a set amount per $100. Please attach an explanation if
necessary.)
Item 5. Enter the number of years the school district has participated in the TIF.
Part IV – PVS Deduction Calculation
Item 1. Enter the 2008 appraised value and taxable value of the property in the TIF zone within the school district.
Item 2. Enter the original appraised value and taxable value of the property in the TIF zone within the school district.
This value should not have changed from the value in the year the TIF zone was designated.
Item 3. Enter the captured taxable value. (Item 1 - Item 2). Per Tax Code §311.012, the tax increment is the amount of
property tax levied and collected on the captured appraised value, (i.e. the taxable value).
Item 4. Enter the rate or amount per $100 used to calculate the payment into the TIF Fund. (This may be the current
year’s tax rate, a percentage of the tax rate, the M & O portion of the tax rate or a set amount per $100, etc.)
Item 5. Enter your 2005 tax rate broken down by M&O and I&S.
Item 6. Multiply the rate or amount (Item 4) by the captured taxable value (Item 3) then multiply by .01 and enter the
result. (Item 4 x Item 3 x .01). This amount should be the payment to the TIF fund.
Item 7. Divide the payment into the fund (Item 6) by 2008 total tax rate then divide by .01 and enter the result. This
eligible amount will be deducted in the PVS. If you participate in more than one TIF, this eligible amount and
any other eligible part IV, line 7 amounts will be combined for the PVS deduction.

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