HomeMy WebLinkAboutItem 05 - Certified Tax Rolls1 M• TO: • ••AC •• AND OF •
FROM: • RUMBELOW,
MEETING DATE: AUGUST 4, 2015
SUBJECT: RESOLUTION TO ACCEPT THE CERTIFIED TAX ROLLS
Staff recommends that the City Council approve a resolution to accept the Certified Tax
Rolls having a total appraised value of $10,004,960,942, less exemptions of
$3,701,238,563 for a net taxable value of $6,303,722,379.
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 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 2015 is 100%. As prescribed
by law, the appraised value from the certified rolls is $10,004,960,942, less $3,701,238,563
in exemptions, produced a net taxable value of $6,303,722,379. The new construction
value included in the net taxable value amount is $45,298,575.
The City Council designates Colette Ballinger (RTA, CSTA) as the official person to
calculate and publish the effective tax rate calculation for the City of Grapevine, Texas for
FY2016.
Staff recommends approval of the resolution accepting the Certified Tax Rolls.
RESOLUTION NO. --Ax ROLLS
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TA
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ROOMNUNN
• 97 19 S � � � �
WHEREAS, on or by July 25, 2015, the Chief Appraisers of the Tarrant, Dallas and
Denton Appraisal Districts approved and certified to the Grapevine City Council the Tax
Rolls for 2015 with a total appraised value of $10,004,960,942 and having a net taxable
value of $6,303,722,379; 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 • RESOLVED BY THE CITY COUNCILOF •
GRAPEVINE,
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 2015 for the City of
Grapevine, Texas be and hereby approved in the amount of $10,004,960,942 for total
appraised value.
Section 3. That the certified net taxable value (total appraised value less
exemptions) of $6,303,722,379 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 $170,692,061 has been assigned to this
property and $383,419,597 in properties not on the rolls, for a total of $554,111,658 used
for budget purposes.
Section 5. That this resolution shall take effect from and after the date of its
passage.
PASSED AND APPROVED • OF •
GRAPEVINE,"' on day of •