HomeMy WebLinkAboutItem 07 - Tax Rate viE�T F: S ' f S
FWD .f
FY21 Tax Rate Adoption
September 15 , 2020
VINE
Property Tax AdoptionIF.4104
. Seek approval of ordinance adopting the
FY21 Tax Rate
-Y21 Tax Rate 0 . 282601
. FY20 Tax Rate 0 . 284271
. Change -0 . 001670
. % Change -0 . 59%
FY20 Tax Rate .NINE.
Texas Cities with Population > 50,000 TT
1.00
a.8a D
0 0.75
m
070 <
Z 0.62
m
0.60 0.57
0.50 0.46
0.44
0.28
0.40
0.30
0.20
0.1Q
rT[� �mpZ�� �� �C7 �rrrinrITZ0 7❑- C(n (100 �2rC7❑G3�fn W❑W� -0 (1 G3(A ❑ �W m
c o oo �o o � c n n O m mr� C v0 p910 v_vr� �.n � n v01 o - on $� oov 3or� o 91 �m ��091 -
[�a [O $p 3 C N [N] Q 3 fp[D 3 f0 �.O N 3 Ip a 3 f0 9N1 r { 3 3 0 3 3 3X91 NNN -[D '8 [D j 3 !n 91 3 91 91 fp
�p 3 0 f0 N Q C O C �.Q 3 0 D O Z f0 91 3 0 3 4. Q a a 0 3 0 C N [D O 91 p N _3 O 391
{. r 0.O N n 5 N jj W 3 3 3 0 O O n O O Z1�Q. - 3 91 91 O a C(O O N m O C N O [p �. g 3 =n O O 2 91
3 91 O o m = .� �[7 0 F 73n03 3N 3.3 n r 3n Q- 33
3 91 3 3 p O [7 3 N, 3 91
4. 3 3 z N N a; O N =r
CL 3 Q _.
N
Based on FY20 Adopted Budgets, Grapevine FY21 Proposed 3
7RA Total Tax Rate
0.80 0.75
0.70 0.62
0.60 0.57 0.57
0.50 0.40 0.41 0.44 0.45 0.46
0.40
0.30
0.28 0.31
0.20
0.10
�o���° s'o� oil o
� �hi�
Based on FY20 Adopted Budgets, Grapevine FY21 Proposed Source: www.tad.org 4
-,
Summary T E : 9�
Maintains Grapevine's position in among
comparison cities
FY21 Tax Rate 0 . 282601
% Change -0 . 59%
viE�T F: S ' f S
FWD .f
FY21 Tax Rate Adoption
September 15 , 2020
NOTICE OF MEETING TO VOTE ON VINE
r Er V A s
TALC RATE
Amxo.r of 10.282601.per SLou vablbcihas`_._propcaedb}t6!gm.emusg6adyaf1eCrlyafCkolp r.
PROPOSEDTA.Y"TE 912924MIPr1166 1
HO-m!RW kEVENUIRTAN"TE 93Z$2mPw1166
VOT'ELAPPROVALTAX"TE 9322 pW1140
'I�--na-Di r-revchur ox rmt is ihtu cNe foc dig 2020 Ioa year the will rrcelhe•mc a3meni ofgroyeny lax re4enat few L1..y pfv
(i fmolthesalvepmpcvexJ3bnlhdie-VI 9Iaayeuand tie2021)tax year.
The Voter apprrnvl taA rale Ls Vrth%WttaK rate chat City of Grapeline may adopt wdhaut hold Ing anO chan toscervoter
jU&DMAkAj&ihc rats
T1 c pmpos d 12K mtc j,mt gmatcr than the no acw mmenue takrade. This means llut City of Grape inc is nal pmpnsing is
incream property rakes far the 21320 UK year-
A pLbtc mcetrg lo vote an ME prapood tax rate x111 be hold on SEPTEMBER 3a,2020 N the Council Ch:ambcrs N 13ty Hall,Seswnc
-loor,2C0 SULih Main Street..Grapo inc,Teu;7EA51.
The proposes]12K rate is also not greater than&r voler apprawl to rate.As arcwh,City ar Grapcorrt is not MgLIMC to hole an
election lo seed voter approwl of the rate.However,you may express yoursupport far or apposition to the prapooctl tax rate by
con tooting Vie men burs or the City Council or CAy of Grapevine at their affnces or by albudirg the public rm tbrk3 n-Rntnnetl above.
Y01.3R TAXES OWED LIMBER ANY[IF THE TAX RATES MENT10NED ABCIV-QBE C4-CLIL4TE0 AS FGUD S:
Pruparty taK 2m mk a itm ndcy M Itasable vaiL or yourpmpertylf DD
TM Fnmmbm of the zovcmnsg body voted on the proposed tax rasa as rollows.
-03:
AGAINST:
a RESElf 2md not wMN.
ABSENT
The EGth Tcxw LegislnLM modl0ce the maniwr in which 11,rt voter appy l tax rate u cakLlated to trait the rale of irowth of
property talcs In the stale.
Ttm Wiciamng tabic compares the taxes lmpooetl an the aecrage reGderim hC11TC5tc3d by€ityaf Grapevine lxst year lo the talcs
proposed to be lr-C scc on iF&average msidclew horsteam by 13ty of Grapes War UYs year.
seas aua13 thaw
Tata)Tar Rade 1pur$lal3 of r Il l 0.292127: 0.2926131 1130 csc of$R13131670 a-SE%
Avarago hoaiossaad 42xatlovaleo 27Sr234 377,133E bxmwc af.9936
Taos on m.waga homasload 7B,2A. 792.91 ticrcasc of c$1 oT.C6'.-.
Tatar lax"on praWim 28,562,332 28,639,627 ^ - or$23,20a ar.C6%
=or assosanco With iax calculations,please omlact the TaY Assessor far City of Grapevine at 317 d3:1242 or