The Texas Comptroller’s Form 50‑856 is a worksheet that the City of South Padre Island must fill out to calculate its 2026 no‑new‑revenue (NNR) property‑tax rate and the voter‑approval tax rate. The form walks the city through adjusting the prior‑year taxable value for tax‑ceiling homes, court‑ordered value changes, appeals, de‑annexations and exemptions, then applies the adopted tax rate to compute the projected levy. The excerpt shows the actual numbers the city entered for its 2025‑2026 tax‑base, the rate ( $0.262159 per $100 ), adjustments, captured TIF value and the resulting estimated levy and refunds.
| Prior‑year total taxable value | $4,327,991,228 |
| Prior‑year tax‑ceiling homes value | $172,892,497 |
| Prior‑year adjusted taxable value (after tax‑ceiling deduction) | $4,155,098,731 |
| Adopted tax rate (per $100 of value) | $0.262159 per $100 |
| Court‑appeal loss amount | $848,522 |
| Adjusted prior‑year taxable value after court adjustments | $4,155,947,253 |
| Prior‑year captured Tax Increment Financing (TIF) value | $22,989,416 |
| Estimated prior‑year levy (tax revenue) using the adopted rate | $4,055,603,617 |