HomeMy WebLinkAboutItem 03 - Certified Tax RollMEMO TO:
FROM:
MEETING DATE:
SUBJECT:
RECOMMENDATION:
ITEM! �ENOPOW&
HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
ROGER NELSON, CITY MANAGER k/
AUGUST 6, 2001
RESOLUTION TO ACCEPT THE CERTIFIED TAX ROLL
Staff recommends that the City Council approve a Resolution to accept the Certified Tax
Roll having a total appraised value of $5,269,948,224 a net taxable value of
$4,597,145,939 plus an additional $166,186,832 in estimated minimum property value
pending disposition before the Appraisal Review Board.
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 st or as soon thereafter as practicable.
Collette Sooter, Tax Assessor, has submitted this information to the City and has also
certified that the estimated tax collection rate for the tax year 2001 is 100%. As prescribed
by law, the effective and rollback tax rates have been calculated using an appraised value
from the certified roll $4,597,145,939 plus the estimated minimum value of all properties
pending disposition before the Appraisal Review Board of $166,186,832, less new
construction of $174,307,543 for a 2001 adjusted taxable value of $4,589,025,228.
The total taxable value of $4,589,025,228 compares to $4,177,920,179 last year, a 9.8%
increase. The 2001 value also includes $174,307,543 of new construction.
The effective tax rate (that rate which will produce the same revenue as last year's rate of
$0.3750) is $.355578. The effective tax rate is calculated using the adjusted taxable value.
Property Tax Code requires the City Council to hold a tax rate hearing if the total tax levy
exceeds the lower of the rollback rate or 103 percent of the effective rate. The proposed
rate of $0.3660 does not exceed 103% of the effective tax rate.
July 31, 2001 3:09PM
Subsequent Council agendas will have appropriate notice and action items for Council's
consideration.
`411 -
Staff recommends approval of the Resolution accepting the tax roll.
WAG/cjc
KagmMltaxoll
July 31, 2001 3:09PM
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS APPROVING THE TAX ROLL FOR
2001 ON PROPERTY WITHIN THE CITY; AND PROVIDING
AN EFFECTIVE DATE
WHEREAS, on July 25, 2001, the Chief Appraiser of the Tarrant Appraisal District
approved and certified to the Grapevine City Council the Tax Roll for 2001 with a total
appraised value $5,269,948,224, and having a net taxable value of $4,597,145,939 plus
$166,186,832 minimum taxable value of properties under protest.
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 2001 for the City of
Grapevine, Texas be and hereby approved in the amount of $5,269,948,224 for total
appraised value.
Section 3. That the certified net taxable value (total appraised value less
exemptions) of $4,597,145,939 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 $166,186,832 has been assigned to this
property.
Section 5. The amount of $4,589,025,228 has been used for calculation of the
effective tax rate as described in Section 26.04 of the State Property Tax Code.
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, 2001.
ATTEST:
RES. NO.
Tax Office
3072 Mustang Drive
Grapevine, TX 76051
817/251-5633
?METRO 817/481-1242
FAX 817/421-9400
1��Cognized for Excej2e7 e
tne�C�o2�� .
independent School District
July 25, 2001
I, Colette Sooter, Tax Assessor -Collector for the City of Grapevine, Texas,
submit to the City Council the 2001 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 $5,269,948,224
Less Ag Deferral & Exemptions - 672,802,285
$4,597,145,939
New Construction $ 174,307,543
(Included in net taxable)
I certify an anticipated collection rate of 100% for the tax year 2001. This
total percentage includes current taxes, delinquent taxes, rollback taxes,
penalties and interest.
Witness my hand this 25th day of July 2001.
Colette Sooter
Tax Assessor -Collector
Sworn and Subscribed to me this 25th day of July 2001.
No*y Public's Signature
Comydoofword/1 uty25200I certgmr&vine.doc
County State
LAURA L OWENS
MY COMMISSION EXPIRES
ApO{ 23, 2402
CITY OF GRAPEVINE
------------------------------
NAME OF TAXING UNIT
JOHN MARSHALL
CHIEF APPRAISER
I, 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.
2001 APPRAISAL ROLL INFORMATION
VALUATION SUMMARY
TOTAL APPRAISED VALUE >>>>>>>>>>>>>>>>>>>>>>>>>>>> $5,269,948,224
- DEFERRED SPECIAL USE VALUE LOSS:
AGRICULTURAL $40,271,577
- PARTIAL EXEMPTION VALUE
DISABLED VETERAN
OVER -65
HOMESTEAD
DISABLED PERSON
FREEPORT INVENTORY
SOLAR/WIND POWER
POLLUTION CONTROL
LOSS:
$1,009,295
$45,232,150
$287,823,316
$671,300
$297,768,621
$9,774
$5,002
- PP NOMINAL VALUE LOSS: $11,250
NET TAXABLE VALUE >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> $4,597,145,939
NEW CONSTRUCTION >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> $174,307,543
(INCLUDED IN NET TAXABLE VALUE)
25 JUL 2001
JO MARSHALL
CH EF APPRAISER
2500 Handley-Ederville Road Fort Worth, Texas 76118 (817) 284-0024
GRAPEVINE
JOHN MARSHALL
CHIEF APPRAISER
INFORMATION
SECTION 26.01(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 FOLLOWING VALUES ARE FROM THESE A.R.B. LISTS AND ARE
NOT INCLUDED IN TOTALS CERTIFIED BY THE CHIEF APPRAISER
ON THE FIRST PAGE.
253,145,992
241,764,206
NET TAXABLE VALUE
UNDER PROTEST
166,186,832 ESTIMATED MINIMUM TAXABLE
OF THE SAME PROPERTIES
2500 Handley-Ederville Road Fort Worth, Texas 76118 (817) 284-0024