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Home My WebLink AboutItem 08 - Certified Tax Rolls ITS MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER �2 MEETING DATE: AUGUST 17, 2010 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$9,629,702,250 less exemptions of$3,765,059,104 for a net taxable value of$5,864,643,146. 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 181 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 2010 is 100%. As prescribed by law, the appraised value from the certified rolls is$9,629,702,250, less$3,765,059,104 in exemptions, producing a net taxable value of $5,864,643,146. The new construction value included in the net taxable value amount is $31,836,196. 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 2010, FYE 9130111. Staff recommends approval of the resolution accepting the Certified Tax Rolls. �a a ea or Excee`.( f 1 ndependent School District July 26, 2010 Tax OrEce I, Colette Franklin, Tax Assessor-Collector for the City of Grapevine submit 3072 Mustang Drive to the City Council the 2010 Appraisal Roll as sworn to by Jeff Law, Chief Grapevine,T 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 surninary sheets with hard copies of the appraisal roll 817/251-5633 available for inspection at:3072 Mustang Drive, Grapevine, Texas 76051. METRO 8171481-1242 FAX 817/421-9400 Total Appraised and Assessed Value $9,629,702,250 Less Agricultural Deferral and Exemptions - 3,765,059,104 Net Taxable $5,864,643,146 ARD Value $ 105,128,651 Incomplete Property Value $ 113,402,208 New Construction. $ 31,836,196 (Included in net taxable) I certify an anticipated collection rate.of 100% for the tax year 2010. This total percentage includes current taxes, delinquent taxes, rollback taxes, penalties and interest. x?ess my hanpb s 26th day of July 2010. bj� Moo ette Franklin, RTA, CSTA Tax Assessor-Collector S rn and subscribed to me this 26th day of July 2010. f J19� � , Notary Public lgxaature County State LAURA QVW KAY Oommjss4ON EXP4RES � l�' i4 Jul 25 2070 Certified RO]t-Grapevine +: I 25 JUL 2818 CITY OF GRAPEVINE 2010 Cerfified Appraisal Rota ValuatiOn Summary i, Jeff Larry, Grief Appraiser for the "Warrant Appraisal District, to the best of my ability dry solemnly swear that the attached is that portion of the appraisal roll of'the Tarrant Apptraisai District which lists property taxable by the above named entity and constitutes their cesrtifled apprarlsal TDHl APPRAISED VALUE(Considers Value Caps)b - - m m-- w - . ° _- - -- P� 9,476,468, 147 Absolute Exe ptl $ 2, 187 .,on 6 43, 540 Cases before ASS $ 150,626,246 loco mpletes $ 139' 607 ,214 Deferred, Speciai.Use,and Partial Exemptions $ 1 ,237,544,853 See Totals Repa,fi for breakdown of aach Exemption NET TAXABLE VALUE---- - - -- - -- - - - - - - -- - --- -- - - --> 5,761 ,046,294 AppraiFed value minus Absolute exemption amount, minus ARB amount, minus incompietes, € inus Deferred, Special Use and Pariial Exemptions to equal the MTV. ESTIMATE.D NET TAXABLE VALUE KK - _ w - -- - -- - - > 5 ,973,836, 711 Including suggested values to be used for pending A.R.B. accounts {see page two), and Incomplete accounts (see page three). Jeff L , GMef raiser __.... Page 14i 3 2500 Handlay-�_darulta Road FOd Wodh,TLYas -o11B (817)284-15024 �rftzsc,rs�7-�sao�n l� I CE T U I'CATIO F , PP -AU AL ROLL Year, 2010 .Jurisdiction: CITY OF GRAPEVINE In accordance with the requirements of the Texas Property Tax Code, Chapter 26, Section 26.01, paragraphs (A) and (B), the following values are hereby certified: Market Value of all Peal & Bus Pers Prop $152,044 ;720 Before 0.uafified Exemptions* Taxable Value of all Real & Bus Pers Prop $103, 548,779 After Qualified Exemptions In accordance with the requirements of the Texas Property Tax Code, Chapter 26, Section 26.01, paragraph (C), the following values are hereby certified as disputed values and are not included in the above totals: Market Value Taxable Value Values under protest as determined by the Appraisal $6, 525, 980 $6, 525, 980 District' Market Value Taxable Value Values under protest as claimed by property owner $6,525, 980 $6, 525, 980 or estimated by Appraisai District in event property owner's claim is upheld Freeport. Estimated loss $787 , 538 Estimated net taxable $5, 738 ,442 1, W. Kenneth Nolan, Executive DirectorlChief Appraiser of the Dallas Central Appraisal District, do hereby certify the aforementioned values and totals to the taxing jurisdiction 'indicated above, in accordance with the requirements of the laves of the State of Texas on this 21st: day of July, 2010 Dallas Central Appraisal District W. Kenneth Nolan Executive DirectorlChief Appraiser *Total Value of New Construction in Certified Market Value above $0 *-V2lue of Disputed New Construction in Protested Market Value above $0 2948 N, Sternrnons Freeway, Dallas, Texas 7S247-6196 (214} 631-0520 CER1 07/07 DENTON Count' 2010 C-RnF1ED TOTALS As of Certincatlor] C39 MY OF GRAPEVINE Property Count:6 Grand Totals 7117/2010 1:04:24PM Land Value• H omesite: 0 Non Homesite: 1,143,493 Ag MaTkat: 0 Timber Market: p Total Land (+J 1,143,493 Improvement Value Homesits: 0 Non Homesite: 0 Total Improvements { ) 0 Non Real Count;Value Personal Property: 3 45,890 Mineral Aroperty: 0 0 Autos: 0 0 Total Felon Real N 45,890 Market Value = 1,189,383 iPt Exempt Total Productivity Market: 0 0 Ag Use: 0 4 Producfivity Loss (} 0 Timber Use: 0 0 Appraised Value - 1,189,383 Productivity Loss: 0 0 Homestead Cap {') 0 Assessed Value = 1,189,383 Exempfioh Count. Local Stafe,- - Total EX 2 0 1,141,310 1,141,310 Total Exemptions (-) 1,141,310 Met Taxable - 48,073 APPROXIMATE TOTAL LEVY=NET TAXABLE*(TAX RATE 1 100) 168.26-48,073*(0.350000 1 100) Tax Increment Finance Value: 0 Tax Increment Finance Levy: 0.00 C391552994 Page 362 of 1020 True Automation,inc. RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS APPROVING THE TAX ROLLS FOR 2010 ON PROPERTY WITHIN THE CITY; AND PROVIDING AN EFFECTIVE DATE WHEREAS, on July 26, 2010,the Chief Appraisers of the Tarrant, Dallas and Denton Appraisal Districts approved and certified to the Grapevine City Council the Tax Rolls for 2010 with a total appraised value$9,629,702,250.00 and having a net taxable value of$5,864,643,146.00. 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 trine and correct and are incorporated herein as if copied in their entirety. Section 2. That the Certified Tax Rolls value for the tax year 2010 for the City of Grapevine, Texas be and hereby approved in the amount of $9,629,702,250.00 for total appraised value. Section 3. That the certified net taxable value (total appraised value less exemptions) of$5,864,643,146.00 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$105,128,651.00 has been assigned to this property and $113,402,208.00 in properties not on the rolls, for a total of$6,083,174,005.00 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 17th day of August, 2010. APPROVED: ATTEST: APPROVED AS TO FORM: RES. NO. 2