Title
Consideration of and action on submittal of the 2016 Tax Roll and the calculation of the Effective Tax Rate and the Rollback Tax Rate.
Body
Summary: In accordance with Section 26.04 of the Texas Property Tax Code, the following items are presented for Council consideration relative to Tax Year 2016:
Total Appraised Value = $2,787,093,037
Total Exemptions = $660,733,007
Total Taxable Value = $2,126,360,030
Total Taxable Value of New Property = $35,945,925
Total Taxable Value of Annexed Property = $26,351,743
Total Uncertified = $363,612,975
Calculated Effective Tax Rate = $0.683862/$100
Calculated Rollback Tax Rate = $0.733211/$100
Fiscal/Budgetary Impact: Current ad valorem taxes represent approximately 34 percent of the total General Fund revenue in the proposed Fiscal Year 2016-2017 budget.
Recommended action
Consideration and acceptance of the submitted 2016 Tax Roll and the calculated Effective Tax Rate and the Rollback Tax Rate.