Title
Consideration of and action on submittal of the 2018 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 2018:
Total Appraised Value = $2,935,423,032
Total Exemptions = $423,747,976
Total Taxable Value = $2,511,675,056
Total Taxable Value of New Property = $29,165,963
Total Taxable Value of Annexed Property = $19,622,339
Total Uncertified = $272,662,589
Calculated Effective Tax Rate = $0.707705/$100
Calculated Rollback Tax Rate = $0.736784/$100
Fiscal/Budgetary Impact: Current ad valorem taxes represent approximately 34 percent of the total General Fund revenue in the proposed Fiscal Year 2018-2019 budget.
Recommended action
Consideration and acceptance of the submitted 2018 Tax Roll and the calculated Effective Tax Rate and the Rollback Tax Rate.