HomeMy WebLinkAboutItem 08 - Certified Tax RollsI[
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER 1
MEETING DATE: AUGUST 16, 2011
SUBJECT: RESOLUTION TO ACCEPT THE CERTIFIED TAX ROLLS
RECOMMENDATION:
Staff recommends that the City Council approve a resolution to accept the Certified Tax
Rolls having a total appraised value of $9,117,376,099 less exemptions of $3,205,118,891
for a net taxable value of $5,912,257,208.
BACKGROUND INFORMATION:
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 1 st or as soon thereafter as is practicable.
Colette Franklin, Tax Assessor, has submitted this information to the City and has also
certified that the estimated tax collection rate for the tax year 2011 is 100 %. As prescribed
by law, the appraised value from the certified rolls is $,9,117,376,099 less $3,205,118,891
in exemptions, produced a net taxable value of $5,912,257,208. The new construction
value included in the net taxable value amount is $57,459,040.
The City Council designates Colette Franklin (RTA, CSTA) as the official person to
calculate and publish the effective tax rate calculation for the City of Grapevine, Texas for
tax year 2011, FYE 9130112.
Staff recommends approval of the resolution accepting the Certified Tax Rolls.
July 26, 2011
Thx Office
I, Colette Franklin, Tax Assessor - Collector for the City of Grapevine submit
3072 Mustang Drive to the City Council the 2011 Appraisal Roll as sworn to by Jeff Law, Chief
Gfape,rr-e, TX 76051 Appraiser of Tarrant County Appraisal District, Kenneth Nolan, Chief
Appraiser of Dallas County Appraisal District and Joe Rogers, Chief
Appraiser of Denton Central Appraisal District. Attached, herewith, are the
appraisal roll valuation summary sheets with hard copies of the appraisal roll
817/251-5633 available for inspection at 3072 Mustang Drive, Grapevine, Texas 76051.
METRO 517/4-51 -124' 2
F 517/421 -9400 Total Appraised and Assessed Value $9,117,376,099
Less Agricultural Deferral and Exemptions - _ 3,205,118,891
Net Taxable $5,912,257,208
ARB Value $ 129,132,803
Incomplete Property Value $ 115,060,323
New Construction $ 57,459,040
(Included in net taxable)
I certify an anticipated collection rate of 100% for the tax year 2011. This
total percentage includes current taxes, delinquent taxes, rollback taxes,
penalties and interest.
fm �r ss my h this 26th day of July 2011.
Colette Franklin, RTA, CSTA
Tax Assessor - Collector
and subscriked to me this 26th day of July 2011.
Public Signature County State
July 25 2011 Certified Roll- Grapevine
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RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS APPROVING THE TAX ROLLS FOR
2011 ON PROPERTY WITHIN THE CITY; AND PROVIDING
AN EFFECTIVE DATE
WHEREAS, on July 26, 2011, the Chief Appraisers of the Tarrant, Dallas and
Denton Appraisal Districts approved and certified to the Grapevine City Council the Tax
Rolls for 2011 with a total appraised value $9,117,376,099.00 and having a net taxable
value of $5,912,257,208.00.
NOW THEREFORE, BE 11 IF 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 2011 for the City of
Grapevine, Texas be and hereby approved in the amount of
$9,117,376,099.00 for total appraised value.
Section 3. That the certified net taxable value (total appraised value less
exemptions) of $5,912,257,208.00 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 $129,132,803.00 has been
assigned to this property and $115,060,323.00 in properties not on the rolls, for a total
of $6,156,450,334.00 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 16th day of August, 2011.
APPROVED:
ATTEST:
APPROVED AS TO FORM:
RES. NO. 2