HomeMy WebLinkAboutItem 07 - Estimated Tax Rolls MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: AUGUST 4, 2026
SUBJECT: RESOLUTION TO ACCEPT THE CERTIFIED TAX ROLLS
RECOMMENDATION: Staff recommends City Council approve a resolution to accept the
Certified Estimated Tax Rolls.
FUNDING SOURCE: This action has no material effect on City funds.
BACKGROUND: The amounts were not available by the posting deadline and will be
available at the meeting on August 4. The resolution will 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 practical. Colette Ballinger, Tax Assessor, will submit this
information to the City and certify that the estimated tax collection rate for
tax year 2026 is 100%. As prescribed by law, the appraised value from the
certified rolls is $ less $ in exemptions, producing a net
taxable value of $ The new construction value included in the net
taxable value amount is $
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 2027.
Staff recommends approval.