HomeMy WebLinkAboutItem 08 - Certified Tax RollsMEMO TO:
FROM:
MEETING DATE:
SUBJECT:
HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
BRUNO RUMBELOW, CITY MANAGER
AUGUST 6, 2019
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 $14,503,723,763,
less exemptions of $5,218,167,245 for a net taxable value of
$9,285,556,518.
FUNDING SOURCE:
BACKGROUND:
This action has no material effect on City funds.
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
2019 is 100%. As prescribed by law, the appraised value from the certified
rolls is $14,503,723,763, less $5,218,167,245 in exemptions, producing a
net taxable value of $9,285,556,518. The new construction value included
in the net taxable value amount is $178,251,410. 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 FY2020.
Staff recommends approval.
RESOLUTION NO. 2019-027
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, APPROVING THE TAX ROLLS FOR
TAX YEAR 2019 ON PROPERTY WITHIN THE CITY; AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, on or by July 25, 2019, the Chief Appraisers of the Tarrant, Dallas and
Denton Appraisal Districts approved and certified to the Grapevine City Council the Tax
Rolls for 2019 with a total appraised value of $14,503,723,763 and having a net taxable
value of $9,285,556,518; 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 2019 for the City of
Grapevine, Texas be and hereby approved in the amount of $14,503,723,763 for total
appraised value.
Section 3. That the certified net taxable value (total appraised value less
exemptions) of $9,285,556,518 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 $367,009,283 has been assigned to this
property and $196,047,495 in properties not on the rolls, for a total of $563,056,778 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 6th day of August, 2019.
APPROVED:
William D. Tate
Mayor
ATTEST:
Tara Brooks
City Secretary
APPROVED AS TO FORM:
City Attorney
Resolution No. 2019-027 2