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2021 Tax Rate Calculation Worksheet Taxing Units Other Than School Districts or Water DistrictsDate: 08/02/2021 11:39 CITY OF PEARLAND Taxing Unit Telephone (area code and number)Taxing Unit\'s Address,

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How to fill out no-new-revenue nnr tax rate

01

Gather all necessary financial information required for calculating the tax rate.

02

Determine the current property valuation for the tax year in question.

03

Calculate the no-new-revenue tax rate using the formula provided by the tax assessment authority.

04

Fill out the official forms provided by the tax assessment authority with the calculated tax rate.

05

Submit the filled-out forms to the appropriate tax office within the specified deadline.

Who needs no-new-revenue nnr tax rate?

01

Property owners who are required to pay property taxes.

02

Local governments and tax assessment authorities who need to ensure tax rates comply with no-new-revenue requirements.

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What is no-new-revenue nnr tax rate?

The no-new-revenue (NNR) tax rate is the tax rate that would generate the same amount of tax revenue as the previous year, taking into account changes in property values and new construction.

Who is required to file no-new-revenue nnr tax rate?

Property tax authorities or agencies responsible for setting property tax rates are required to file the no-new-revenue (NNR) tax rate.

How to fill out no-new-revenue nnr tax rate?

To fill out the no-new-revenue (NNR) tax rate, property tax authorities must calculate the tax rate that would generate the same amount of tax revenue as the previous year.

What is the purpose of no-new-revenue nnr tax rate?

The purpose of the no-new-revenue (NNR) tax rate is to ensure that property tax revenue does not increase solely due to changes in property values and new construction.

What information must be reported on no-new-revenue nnr tax rate?

The information reported on the no-new-revenue (NNR) tax rate includes the calculated tax rate, the previous year's tax revenue, changes in property values, and new construction values.

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