HomeMy WebLinkAboutItem 07 - Certified Estimated Tax RollsMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: AUGUST 6, 2024
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
$19,276,319,944 less exemptions of $6,973,107,833 for a net taxable
value of $12,303,212,111.
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 2024 is 100%. As prescribed
by law, the appraised value from the certified rolls is $19,276,319,944,
less $6,973,107,833 in exemptions, producing a net taxable value of
$12,303,212,111. The new construction value included in the net taxable
value amount is $54,942,850.
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 2025.
Staff recommends approval.
July 29, 2024
I, Colette Ballinger, Tax Assessor -Collector for the City of Grapevine submit to the City Council
the 2024 Appraisal Roll as sworn to by Joe Don Bobbitt, Chief Appraiser of Tarrant County
Appraisal District, Shane Docherty, Chief Appraiser of Dallas County Appraisal District and Don
Spencer, Chief Appraiser of Denton Central 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 Tarrant Certified Appraised Value
Total Dallas Certified Appraised Value
Total Denton Certified Appraised Value
Less Agricultural Deferral, Exemptions and ARB
Net Taxable
ARB Value
Incomplete Property Value
In Process
New Construction
(Included in net taxable)
$ 18,710,634,404
$ 564,459,450
$ 1,226,090
$ - 6,973,107,833
$ 12,303,212,111
193,063,602
725,238,427
1,411,006
54,942,850
I certify an anticipated collection rate of 100% for the tax year 2024. This total percentage includes
current taxes, delinquent taxes, rollback taxes, penalties and interest.
Witness my hand this 29th day of July 2024.
•*o1ette
r
llinger, RTA, CSTA
Tax Assessor -Collector
t
Sworn and subscrib to e this 29th day of July 2024.
WA& t)
Notary Public Signature CountX. State
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DEBRAMCLEOD l
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My Notary ID # 10822719
Expires August 10, 2024
Grapevine-Colleyville Area Tax Office 817.481-1242 IL
3072 Mustang Drive www.gcisd,net
Grapevine, Texas 76051
PURPOSE • INNOVATION • COMMUNITY
B
Tarrant Appraisal District
Joe Don Bobbitt, Chief Appraiser
CITY OF GRAPEVINE 011
Appraisal Roll Information Valuation Summary as of July 25, 2024
2024 Certified Property Information
I, Joe Don Bobbitt, Chief Appraiser for the Tarrant Appraisal District, to the best of my ability do solemnly
swear that the attached is that portion of the appraisal roll for the Tarrant Appraisal District which lists
property taxable by the above -named entity and constitutes their Certified Appraisal Roll.
APPRAISED VALUE (Considers Value Caps) ------------------------- >$ 18,710,634,404
Number of Accounts: 28,440
Absolute Exemptions $ 2,826,131,470
Cases before ARB —Appraised Value $ 315,576,122
Incompletes $ 2,029,231,196
Partial Exemptions $ 1,738,677,950
In Process $ 1,888,709
NET TAXABLE VALUE ----------------------------------------- >$ 11,799,128,957
Appraised Value minus Absolute Exemption amount, minus Cases before ARB amount, minus
Incompletes, minus Partial Exemptions, minus the In Process accounts equals the Net Taxable Value.
ESTIMATED NET TAXABLE VALUE -------------------------------- >$ 12,718,841,242
Including suggested values to be used for pending ARB accounts (see page two), Incompletes (see page
three) and in Process accounts (see page four).
/Orze;t azl-�e-
Joe Don Bobbitt, Chief Appraiser
Tarrant Appraisal District
2500 Handley Ederville Road - Fort Worth, Texas 76118 - 817.284.0024
1
Tarrant Appraisal District
Joe Don Bobbitt, Chief Appraiser
CITY OF GRAPEVINE 011
Appraisal Roll Information Valuation Summary as of July 25, 2024
2024 Appraisal Review Board Information
Section 25.01 (c) of the State Property Tax code directs the Chief Appraiser to prepare a list of all
properties under protest with the Appraisal Review Board and pending disposition at the time of value
roll certification.
The values below are from the ARB roll and are not included in the totals by the Chief Appraiser and
represented on page 1 of this report.
$ 315,576,122
Total appraised value of properties under protest.
$ 275,804,074
Net taxable value of properties under protest.
$ 193,062,852
Estimated minimum taxable value for the same properties.
This value should be added to the net taxable value on page one.
Tarrant Appraisal District
2500 Handley Ederville Road - Fort Worth, Texas 76118 - 817.284.0024
Tarrant Appraisal District
Joe Don Bobbitt, Chief Appraiser
CITY OF GRAPEVINE 011
Appraisal Roll Information Valuation Summary as of July 25, 2024
2024 Incomplete Property Information
Section 26.01(d) of the State Property Tax Code directs the Chief Appraiser to prepare a list of all
properties that are not on the appraisal roll and not included on the ARB roll.
The values below are from the incomplete property listing and are not included in the totals by the
Chief Appraiser and represented on page 1 of this report.
The value of incomplete properties are subiect to change and are also subject to appeal before the
Appraisal Review Board.
$ 2,029,231,196
Total appraised value of incomplete properties
$ 1,036,054,896
Net taxable value of properties under of incomplete properties.
$ 725,238,427
Estimated minimum taxable value for the same properties.
This value should be added to the net taxable value on page one
Tarrant Appraisal District
2500 Handley Ederville Road - Fort Worth, Texas 76118 - 817.284.0024
3
I=
Tarrant Appraisal District
Joe Don Bobbitt, Chief Appraiser
CITY OF GRAPEVINE 011
Appraisal Roll Information Valuation Summary as of July 25, 2024
2024 In Process Property Information
The values below are from In Process properties and are not included in the totals by the Chief
Appraiser and represented on page 1 of this report.
$ 1,888,709
Total appraised value of In Process properties
$ 1,411,006
Estimated net taxable value of in Process properties.
This value should be added to the net taxable value on page one.
Tarrant Appraisal District
2500 Handley Ederville Road - Fort Worth, Texas 76118 - 817.284.0024
4
DALLAS CENTRAL APPRAISAL DISTRICT
CERTIFICATION OF APPRAISAL ROLL
Year: 2024
Jurisdiction: City of GRAPEVINE
In accordance with the requirements of the Texas Property Tax Code, Chapter 26, Section 26.01, paragraphs (A) and
(B), the following values are hereby certified:
Market Value of all Real & Business Personal Property
Before Qualified Exemptions*
Taxable Value of all Real & Business Personal
Property
$564,459,450
$503,956,111
In accordance with the requirements of the Texas Property Tax Code, Chapter 26, Section 26.01, paragraph (C), the
following values are hereby certified as disputed values and are not included in the above totals:
Values under protest as determined by
the Appraisal District"
Values under protest as claimed by property
owner or estimated by Appraisal District in
event property owner's claim is upheld
Freeport Estimated Loss
Estimated Net Taxable
Market Value Taxable Value
$750 $0
$750 $0
$0
$0
I, Shane Docherty, Executive Director/Chief Appraiser of the Dallas Central Appraisal District, do hereby certify
the aforementioned values and totals to the taxing jurisdiction indicated above, in accordance with the
requirements of the laws of the State of Texas on this 25th day of July, 2024 .
Dallas Central Appraisal District
Shane Docherty
Executive Director/Chief Appraiser
*Total Value of New Construction in Certified Market Value above $854,770
**Value of Disputed New Construction in Protested Market Value Above $0
2949 N Slemmons Fwy, Dallas, TX 75247-6195 (214) 631.0520
DENTON County
2024 CERTIFIED TOTALS
As of Certification
C39
- GRAPEVINE CITY OF
Property Count: 7
ARB Approved Totals
7/20/2024 9:10:54AM
I Land
Value
Homesite:
0
Non Homesite:
1,101,180
Ag Market:
0
Timber Market:
0
Total Land
(+)
1,101,180
1 Improvement
Value
Homesite:
0
Non Homesite:
0
Total Improvements
(+)
0
1 Non Real
Count
Value
Personal Property:
4
124,910
Mineral Property:
0
0
Autos:
0
0
Total Non Real
(+)
124,910
Market Value
=
1,226.090
1 Ag
Non Exempt
Exempt
Total Productivity Markel:
0
0
Ag Use:
0
0
Productivity Loss
0
0
Timber Use:
0
0
Appraised Value
=
1,226,090
Productivity Loss:
0
0
Homestead Cap
0
0
23.231 Cap
0
0
Assessed Value
=
1,226,090
Total Exemptions Amount
0
1,099,047
(Breakdown on Next Page)
Net Taxable
=
127,043
APPROXIMATE TOTAL LEVY = NET TAXABLE' (TAX RATE / 100)
318.32 = 127,043 - (0.250560 / 100)
Certified Estimate of Markel Value: 1,226,090
Certified Estimate of Taxable Value: 127,043
Tax Increment Finance Value: 0
Tax Increment Finance Levy: 0.00
C39/652994 Page 497 of 2843
RESOLUTION NO. 2024-012
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, APPROVING THE TAX ROLLS FOR
TAX YEAR 2024 ON PROPERTY WITHIN THE CITY; AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, on or by July 25, 2024, the Chief Appraisers of the Tarrant, Dallas and
Denton Appraisal Districts approved and provided to the Grapevine City Council the Tax
Rolls for 2024 with a total appraised value of $19,276,319,944 and having a net taxable
value of $12,303,212,111; 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 2024 for the City of
Grapevine, Texas be and hereby approved in the amount of $19,276,319,944 for total
appraised value.
Section 3. That the certified net taxable value (total appraised value less
exemptions) of $12,303,212,111 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 $193,063,602 has been assigned to this
property while a minimum value of $726,649,433 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
$1,108,762,078 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 6th day of August, 2024.
APPROVED:
William D. Tate
Mayor
ATTEST:
Tara Brooks
City Secretary
APPROVED AS TO FORM:
Matthew C. G. Boyle
City Attorney
Resolution No. 2024-012 2