Title
Consideration of and action on submittal of the 2019 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 2019:
Total Appraised Value = $3,296,926,149
Total Exemptions = $768,048,985
Total Taxable Value = $2,528,877,164
Total Taxable Value of New Property = $51,252,505
Total Taxable Value of Annexed Property = $10,782,767
Total Uncertified = $497,847,193
Calculated Effective Tax Rate = $0.681897/$100
Calculated Rollback Tax Rate = $0.720175/$100
Fiscal/Budgetary Impact: Current ad valorem taxes represent approximately 34 percent of the total General Fund revenue in the proposed Fiscal Year 2019-2020 budget.
Recommended action
Consideration and acceptance of the submitted 2019 Tax Roll and the calculated Effective Tax Rate and the Rollback Tax Rate.