Form 50-251 - 2008 School District Report Of Property Value - Short Form Page 2
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2Form 50-251 (Rev. 06-08/17) (Back)
INSTRUCTIONS
2008 SCHOOL DISTRICT REPORT OF PROPERTY VALUE - SHORT FORM
School tax rate. Report the school tax rate here. Separate the maintenance and operations tax rate (M&O) from the
1.
interest and sinking fund tax rate (I&S). The sum of the two tax rates should equal the total tax rate.
2. Actual total tax levy. Report the total amount of tax levy shown on your tax roll. Please do not adjust this number for
anticipated delinquent taxes.
3. Tax abatements agreement(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 from taxation of all or part of the value of the prop-
erty as provided by the agreement. (Section 11.28, Tax Code) This is the differences between the market value and the
taxable value of all the abatements granted in your district. Report the number granted and the value the district lost due
to this exemption.
4. Last year’s actual levy lost to deferred collection of taxes on residence homesteads of elderly or disabled per-
sons and/or appreciating residence homesteads. An individual is entitled to defer or abate a suit to collect a delin-
quent tax if he is 65 or older and he owns and occupies as a residence homestead the property on which the tax subject
to the suit is delinquent. (See Section 33.06, Tax Code.) An individual may defer or abate a lawsuit to collect a delinquent
property tax on the portion of the residence homestead’s appraised value that exceeds the market value of any new
improvements and 105 percent of the homestead’s appraised value for the preceding year. The homeowner must file the
application for deferral with the CAd before taxes actually become delinquent. (Section 33.065, Tax Code) Please report
the actual amount the taxpayer is deferring shown on the tax statement. SEE INSTRUCTION BOOKLET.
5. Top Ten Taxpayers. 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.
6. Please complete the 2008 Report on Value Lost Because Of School District Participation in Tax Increment
Financing (TIF) form for each tax increment reinvestment zone in your school district. Please provide supporting
recaps for the base value of taxable property and the current appraised value of taxable property. A copy of the district’s
original inter-local agreement and any amendments for each TIF in which it participates, a copy of the ordinance desig-
nating the TIF and a copy of the written notification as required by Tax Code, § 311.003 (e) must be provided unless docu-
ments were submitted previously.
7.
Total appraised value lost under the value limitation (Chapter 313, Tax Code). This provision allows school districts
to attract new taxable property by offering a tax credit and an eight-year limitation on the appraised value of a property for
the maintenance and operations portion of the school district property tax. Please complete and enclose the Report on
Value Lost Because of Value Limitation Under Tax Code Chapter 313 to calculate the value loss.
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 first page.
If you need help completing this form, call the Reporting Section at (800) 252-9121.
We will be happy to assist you.
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