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HomeMy WebLinkAboutItem 10 - Certified Tax RollResolution to accept the certified tax roll 11111� ) RESOLUTION NO. QMWA I• I TME CITY; AND PROVIDING AN EFFECTIVE DATE WHEREAS, on July 25, 2006, the Chief Appraiser of the Tarrant Appraisal District approved and certified to the Grapevine City Council the Tax Roll for 2006 with a total appraised value $6,179,102,572 and having a net taxable value of $5,230,966,070. 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 2006 for the City of Grapevine, Texas be and hereby approved in the amount of $6,179,102,572 for total appraised value. Section 3. That the certified net taxable value (total appraised value less exemptions) of $5,230,966,070 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 $99,078,033 has been assigned to this property and $71,092,763 in properties not on the roll. 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 15th day of August, 2006. IMS" Tax Office 3072 Mustang Drive Grapevine, TX 76051 817/251-5633 METRO 817/481-1242 FAX 817/421-9400 ,v recognized for Etcef(er4ce 2 \C� Independent Schoo( District July 25, 2006 I, Colette Franklin, Tax Assessor -Collector for the City of Grapevine, Texas, submit to the City Council the 2006 Appraisal Roll as sworn to by John Marshall, Chief Appraiser of the Tarrant County Appraisal District. Attached, herewith, are 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 $6,179,102,572 Less Ag Deferral & Exemptions - 948,136,502 Net Taxable $5,230,966,070 New Construction $ 95,395,593 (Included in net taxable) I certify an anticipated collection rate of 100% for the tax year 2006. This total percentage includes current taxes, delinquent taxes, rollback taxes, penalties and interest. TUG= 006. Colette Franklin, RTA, CSTA Tax Assessor -Collector and subscribed to me this 25th day of July 2006. Notary Publics Signature County July 25 2006 Certified Roll-Grapevine.doc ter` OWENS MY COMMISSION EXPIRES }'Tt LAPdI23,2010 .. July 25 2006 Certified Roll-Grapevine.doc TARRANT APPRAISAL DISTRICT JOHN MARSHALL CHIEF APPRAISER CITY OF GRAPEVINE 1, 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.. 2006 APPRAISAL ROLL INFORMATION VALUATION SUMMARY MARKET VALUE >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> $6,179,102,572 - DEFERRED SPECIAL USE VALUE.LOSS: AGRICULTURAL $51,277,377 PARTIAL EXEMPTION VALUE LOSS: DISABLED VETERAN $1,100,900 - OVER -65 $66,.037,237 HOMESTEAD $380,236,609 DISABLED PERSON . $916,200 FREEPORT INVENTORY $448,505,855 SOLAR/WIND POWER $9,*774 POLLUTION CONTROL $50,176 PRORATED ABSOLUTE .$1,875 PP NOMINAL VALUE LOSS: $499 NET TAXABLE VALUE >>>>>>>.>>>>>>>>>>>>>>>>>>l> $5,230,966,070 NEW CONSTRUCTION >>>>>>>>>>>>>>>>>>>>>>>>>> $95,395,593 (INCLUDED IN NET TAXABLE VALUE) 25 JUL 2006 LL &rF APPRAISER MARKET AND NET TAXABLE VALUES DO NOT INCLUDE VALUES PENDING IN ARB OR INCOMPLETE VALUES. SEE PAGES 21AND 3.