HomeMy WebLinkAboutItem 04 - Certified Tax RollITEM #
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: ROGER NELSON, CITY MANAGER
MEETING DATE: JULY 31, 1999
SUBJECT: RESOLUTION TO ACCEPT THE CERTIFIED TAX ROLL
Staff recommends that the City Council approve a Resolution to accept the Certified Tax
Roll having a total appraised value of $5,068,316,447, a net taxable value of
$4,274,760,817 plus an additional $71,224,316 in estimated minimum property value
pending disposition before the Appraisal Review Board.
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 practicable.
Collette Sooter, Tax Assessor, has submitted this information to the City and has also
certified that the estimated tax collection rate for the tax year 2000 is 100%. As prescribed
by law, the effective and rollback tax rates have been calculated using an appraised value
from the certified roll $4,036,412,299 plus the estimated minimum value of all properties
pending disposition before the Appraisal Review Board of $71,224,316, less new
construction of $168,064,954 for a 2000 adjusted taxable value of $4,177,920,179.
The total taxable value of $4,177,920,179 compares to $4,049,819,953 last year, a 3.16%
increase. The 2000 value also includes $168,054,954 of new construction.
The effective tax rate (that rate which will produce the same revenue as last year's rate of
$0.38) is $.368929. The effective tax rate is calculated using the adjusted taxable value.
HB -954 requires the City Council to hold a tax rate hearing if the total tax levy exceeds the
lower of the rollback rate or 103 percent of the effective rate. The proposed rate of $0.375
does not exceed 103% of the effective tax rate, thus no hearing on the tax rate is
anticipated.
July 27, 2000 3:34PM
Subsequent Council agendas will have appropriate notice and action items for Council's
consideration.
Staff recommends approval of the Resolution accepting the tax roll.
WAGlcjc
Wagm2000taxoll
July 27, 2000 3:34PM
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS APPROVING THE TAX ROLL FOR
2000 ON PROPERTY WITHIN THE CITY; AND PROVIDING
AN EFFECTIVE DATE
WHEREAS, on July 25, 2000, the Chief Appraiser of the Tarrant Appraisal
District approved and certified to the Grapevine City Council the Tax Roll for 2000
with a total appraised value $5,068,316,447, and having a net taxable value of
$4,274,760,817 plus $71,224,316 minimum taxable value of properties under
protest.
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 Roll value for the year 2000 for the City of
Grapevine, Texas be and hereby approved in the amount of $5,068,316,447 for
total appraised value.
Section 3. That the certified net taxable value (total appraised value less
exemptions) of $4,274,760,817 is approved.
Section 4. That In addition to the value shown in Section 3 above, the Chief
Appraiser has prepared a list of all properties pending disposition before the
Appraisal Review Board. A projected minimum value of $71,224,316 has been
assigned to this property.
Section 5. The amount of $4,177,920,179 has been used for calculation of
the effective tax rate as described in Section 26.04 of the State Property Tax Code.
Section 6. 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 31ST day of July, 2000.
APPROVED:
William D. Tate
Mayor
ATTEST:
Linda Huff
City Secretary
U 9 9 1001VA: 4 owl M a I to] I
John F Boyle. Jr.
City Attorney
h:RES2000TAX
Tax Office
3072 Mustan; Drive
Grapevine, TX 76051
817/251-5633
METRO 8171481-1242
FAX 8 17/421-9400
recognized for Excet(eue
CC2�e .
independent Schoof District
July 25, 2000
I, Colette Sooter, Tax Assessor -Collector for the City of Grapevine, Texas,
submit to the City Council the 2000 Appraisal Roll as sworn to by John
Marshall, Chief Appraiser of the Tarrant County Appraisal District. Attached,
herewith, is the appraisal roll valuation summary sheets with hard copies of
the appraisal roll available for inspection at 3072 Mustang Drive, Grapevine,
Texas 76051.
Total Appraised and Assessed Value 55,068,316,447
Less Ag Deferral & Exemptions - 793,555,630
4,274,760,817
New Constriction S 168,064,954
(Included in net taxable)
I certify an anticipated collection rate of 100% for the tax year 2000. This
total percentage includes current taxes, delinquent taxes, rollback taxes,
penalties and interest.
Fitness my hand t 25th day of July, 2000.
Colette Sooter
Tax Assessor -Collector
Sworn and Subscribed to me this 25th day of July, 2000.
Ar
,— h h T
!Notary Public's Signature County State
C:hvord/mydoc/July1>_000certgrapevine.doc
; A LAURA L.OWENS
NY COMMISSION EXPIRES
Apd 23, 200
TARRANT APPRAISAL DISTRICT
CITY OF GRAPEVINE
------------------------------
NAME OF TAXING UNIT
JOHN MARSHALL
CHIEF APPRAISER
I, JOHN MARSHALL, CHIEF APPRAISER FOR TARRANT COUNTY, SOLEMNLY
SWEAR THAT THE ATTACHED IS THAT PORTION OF THE APPRAISAL ROLL OF THE
TARRANT APPRAISAL DISTRICT WHICH LISTS PROPERTY TAXABLE BY THE ABOVE
NAMED ENTITY AND CONSTITUTES THEIR APPRAISAL ROLL.
2000 APPRAISAL ROLL INFORMATION
VALUATION SUMMARY
TOTAL APPRAISED VALUE >>>>>>>>>>>>>>>>>>>>>>>>>>>> $5,068,316,447
- DEFERRED SPECIAL USE VALUE LOSS:
AGRICULTURAL $48,535,017
- PARTIAL EXEMPTION VALUE
DISABLED VETERAN
OVER -65
HOMESTEAD
DISABLED PERSON
FREEPORT INVENTORY
SOLAR/WIND POWER
POLLUTION CONTROL
PRORATED ABSOLUTE
LOSS:
$949,017
$41,899,337
$263,662,766
$684,300
$437,661,571
$9,774
$5,552
$140,719
- PP NOMINAL VALUE LOSS: $7,577
NET TAXABLE VALUE >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> $4,274,760,817
NEW CONSTRUCTION >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> $168,064,954
(INCLUDED IN NET TAXABLE VALUE)
25 JUL 2000
Cr
MARSHALL
EF APPRAISER
2500 Handley-Ederville Road Fort Worth, Texas 76118 (817) 284-0024
25 JUL 2000
CITY OF GRAPEVINE
JOHN MARSHALL
CHIEF APPRAISER
2000 A.R.B. PROTEST INFORMATION
SECTION 26.01(C) OF THE STATE PROPERTY TAX CODE DIRECTS
THE CHIEF APPRAISER TO PREPARE A LIST OF ALL PROPERTIES
UNDER PROTEST WITH THE APPRAISAL REVIEW BOARD AND PENDING
DISPOSITION AT THE TIME OF VALUE ROLL CERTIFICATION.
THE FOLLOWING VALUES ARE FROM THESE A.R.B. LISTS,AND ARE
NOT INCLUDED IN TOTALS CERTIFIED BY THE CHIEF APPRAISER
ON THE FIRST PAGE.
103,611,752 TOTAL APPRAISED VALUE OF PROPERTIES
UNDER PROTEST
102,293,539 NET TAXABLE VALUE OF PROPERTIES
UNDER PROTEST
71,224,316 ESTIMATED MINIMUM TAXABLE VALUE
OF THE SAME PROPERTIES
2500 Handle r-Ederville Road Fort Worth, Texas 76118 (817) 284-0024