HomeMy WebLinkAboutItem 04 - Certified Tax Rolls 11"E
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: AUGUST 7, 2012
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 $9,380,817,927, less exemptions of
$3,298,032,704 for a net taxable value of$6,082,785,223.
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 gt 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 2012 is 100%. As prescribed
by law,the appraised value from the certified rolls is$9,380,817,927, less$3,298,032,704
in exemptions, produced a net taxable value of $6,082,785,223. The new construction
value included in the net taxable value amount is $33,210,056.
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 2012, FYE 9130113.
Staff recommends approval of the resolution accepting the Certified Tax Rolls.
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, APPROVING THE TAX ROLLS FOR
2012 ON PROPERTY WITHIN THE CITY; AND PROVIDING
AN EFFECTIVE DATE
WHEREAS, on July 25, 2012, the Chief Appraisers of the Tarrant, Dallas and
Denton Appraisal Districts approved and certified to the Grapevine City Council the Tax
Roils for 2012 with a total appraised value$9,380,817,927.00 and having a net taxable
value of $6,082,785,223.00.
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 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 2012 for the City of
Grapevine, Texas be and hereby approved in the amount of
$9,380,817,927.00 for total appraised value.
Section 3. That the certified net taxable value (total appraised value less
exemptions) of$6,082,785,223.00 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 $70,791,926.00 has been
assigned to this property and $108,549,213.00 in properties not on the rolls, for a total
of$6,262,126,362.00 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 7th day of August, 2012.
APPROVED:
ATTEST:.
APPROVED AS TO .
RES. NO. 2