HomeMy WebLinkAboutItem 04 - Certified Tax RollsMEMOTO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: AUGUST 4, 2020
SUBJECT: RESOLUTION TO ACCEPT THE CERTIFIED TAX ROLLS
RECOMMENDATION: Staff recommends City Council approve a resolution to accept the
Certified Estimated Tax Rolls having a total appraised value of
$15,359,590,492, less exemptions of $5,948,578,415 for a net taxable
value of $9,411,012,077.
FUNDING SOURCE: This action has no material effect on City funds.
BACKGROUND: This resolution is provided pursuant to Section 26.04 of the Texas
Property Tax Code which requires the assessor for a taxing unit to submit
the total appraised value, the total assessed value and the total taxable
value of the property within the unit's boundaries to the unit's governing
body by August 1st or as soon thereafter as is practicable. Colette
Ballinger, Tax Assessor, has submitted this information to the City and has
also certified that the estimated tax collection rate for the tax year 2020 is
100%. As prescribed by law, the appraised value from the certified rolls is
$15,359,590,492, less $5,948,578,415 in exemptions, producing a net
taxable value of $9,411,012,077. The new construction value, included in
the net taxable value amount, is $79,660,310.
The City Council designates Colette Ballinger, RTA, CSTA (Registered
Tax Assessor Collector, Certified School Tax Assessor) as the official
person to calculate and publish the effective tax rate calculation for the
City of Grapevine, Texas for FY2021.
Staff recommends approval.
GJ
RESOLUTION NO. 2020-013
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, APPROVING THE TAX ROLLS FOR
TAX YEAR 2020 ON PROPERTY WITHIN THE CITY; AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, on or by July 25, 2020, the Chief Appraisers of the Tarrant, Dallas and
Denton Appraisal Districts approved and provided to the Grapevine City Council the Tax
Rolls for 2020 with a total appraised value of $15,359,590,492 and having a net taxable
value of $9,411,012,077. Tarrant County provided certified values while Dallas and
Denton Counties provided certified estimates. Certified values will be provided at a later
date; and
WHEREAS, all legal prerequisites for the adoption of this resolution have been met,
including but not limited to the Local Government Code and the Open Meetings Act; and
WHEREAS, the City Council hereby declares that the approval of this resolution is
in the best interests of the health, safety, and welfare of the public.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS:
Section 1. That all matters stated in the preamble are true and correct and are
incorporated herein as if copied in their entirety.
Section 2. That the Certified Tax Rolls value for the tax year 2020 for the City of
Grapevine, Texas be and hereby approved in the amount of $15,359,590,492 for total
appraised value.
Section 3. That the certified net taxable value (total appraised value less
exemptions) of $9,411,012,077 is approved.
Section 4. That in addition to the value shown in Section 3 above, the Chief
Appraisers have prepared a list of all properties pending disposition before the Appraisal
Review Board. A projected minimum value of $462,022,885 has been assigned to this
property and $225,877,343 in properties not on the rolls, for a total of $687,900,228 used
for budget purposes.
Section 5. That this resolution shall take effect from and after the date of its
passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 4th day of August, 2020.
APPROVED:
William D. Tate
Mayor
ATTEST:
Tara Brooks
City Secretary
APPROVED AS TO FORM:
City Attorney
Resolution No. 2020-013