HomeMy WebLinkAboutItem 06 - Tax RollsMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: AUGUST 1, 2023
SUBJECT: RESOLUTION TO ACCEPT THE CERTIFIED TAX ROLLS
RECOMMENDATION: Staff recommends City Council approve a resolution to accept the
Certified Estimated Tax Rolls having a total appraised value of
$18,358,970,194 less exemptions of $6,261,346,179 for a net taxable
value of $12,097,624,015.
FUNDING SOURCE: This action has no material effect on City funds.
BACKGROUND: 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 or as soon thereafter as is practicable. Colette Ballinger,
Tax Assessor, has submitted this information to the City and certified that
the estimated tax collection rate for tax year 2023 is 101 %. As prescribed
by law, the appraised value from the certified rolls is $18,358,970,194,
less $6,261,346,179 in exemptions, producing a net taxable value of
$12,097,624,015. The new construction value included in the net taxable
value amount is $57,577,230.
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 No New Revenue and Voter Approval
rate calculations for the City of Grapevine, Texas for FY 2024.
Staff recommends approval.
RESOLUTION NO. 2023-012
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, APPROVING THE TAX ROLLS FOR
TAX YEAR 2023 ON PROPERTY WITHIN THE CITY; AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, on or by July 25, 2023, the Chief Appraisers of the Tarrant, Dallas and
Denton Appraisal Districts approved and provided to the Grapevine City Council the Tax
Rolls for 2023 with a total appraised value of $18,358,970,194 and having a net taxable
value of $12,097,624,015; 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 2023 for the City of
Grapevine, Texas be and hereby approved in the amount of $18,358,970,194 for total
appraised value.
Section 3. That the certified net taxable value (total appraised value less
exemptions) of $12,097,624,015 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 $275,031,937 has been assigned to this
property while a minimum value $113,296,038 in properties not on the rolls has also been
assigned for tax rate calculation purposes.
Section 5. That the certified values also include a taxable value of $935,989,130
associated with over 65/disabled properties for which the City implemented a tax freeze on
the amounts paid by those qualifying properties
Section 6. 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 1st day of August, 2023.
APPROVED:
William D. Tate
Mayor
ATTEST:
Tara Brooks
City Secretary
APPROVED AS TO FORM:
Matthew C. G. Boyle
City Attorney
Resolution No. 2023-012 2