HomeMy WebLinkAboutRES 082410-E - Accept Tax Appraisal RollRESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS, ACCEPTING THE 2010 TAX APPRAISAL ROLL AS SUBMITTED BY THE
TAX ASSESSOR - COLLECTOR AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, the Williamson County Tax Assessor-Collector's Office is under contract to
provide Tax Assessor -Collector services for the City of Georgetown;
WHEREAS, the 2010 Tax Appraisal Roll will be used to calculate the City of Georgetown's
tax levy rate;
WHEREAS, the Tax Assessor -Collector, in performance of her duties, has submitted the
2010 Tax Appraisal Roll to the City;
N OW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS THAT:
S ECTION 1. The facts and recitations contained in the preamble of this resolution are
hereby found and declared to be true and correct, and are incorporated by reference herein and
expressly made a part hereof, as if copied verbatim. The City Council hereby finds that this resolution
complies with the Vision Statement of the Georgetown 2030 Comprehensive Plan.
S ECTION 2. The 2010 Tax Appraisal Roll as submitted by the City s Tax Assessor -
Collector is in all things adopted and approved. A copy of the summary roll is attached hereto as
Exhibit A, and incorporated by reference herein.
S ECTION 3. The Mayor is hereby authorized to sign this resolution and the City Secretary
to attest. This resolution shall be effective immediately upon adoption.
RESOLVED this 24th day of August, 2010.
ATTEST:
ssica Brettle
ity Secretary
APPROVED AS TO FORM:
Mark Sokolow, City Attorney
Resolution to Accept 2010 Tax Appraisal Roll
C:1DOCUME-1\ttong\LOCALS-1\Temptnotes73B829lTAXROLL RES doc
Page 1 of 1
THE STY OF G _aRGETOWN:
y: George Garver
MAYOR
625 F.M. 1460
Georgetown, Texas 78626
(512) 930-3787 — Austin Mletro
(512) 930-0391 — Facsimile
Chief Appraiser
Alvin Lankford
(512) 931-3787
alvinl(a�wcad.orq
July 21, 2010
Deborah Hunt, A/C
City of Georgetown
904 S. Main St
Georgetown, TX 78626
Dear Deborah:
The 2010 certified value for City of Georgetown is:
2010 Certified Appraisal Roll ARB 2010 Appraisal Roll Still Under
Approved Totals (Before Freeze) ARB Review (Before Freeze)
$4,055,948.951 $207,126,724
Please find enclosed your certification documentation and the information that you need
from our office in order to calculate your effective rate for 2010.
Also, please feel free to call if yam. have any questions, or if we can assist in any way.
Alvin Lankford
Chief Appraiser
Enclosures
ce: Paul Brandenbur, City Manager
Micki Rundell, Finance Director
AL/kt
PROPERTY TAX CODE, SECTION 26.01
CERTIFICATION OF APPRAISAL ROLL
I, Alvin Lankford, Chief Appraiser for the Williamson Central Appraisal District, do
solemnly swear that the total certified taxable value reflected below is thatportion of the
Certified Appraisal Roll of the Williamson Central Appraisal District which lists property
taxable by City of Georgetown and constitutes the Appraisal Roll for 2010.
$4,055,948,951
July 21, 2010
Date
Total Certified Taxable Value �,� efore Freeze
Appraiser
Approval of the appraisal records by the Williamson Central Appraisal Review Board
occurred on the 21st day of July, 2010.
On this 21st day of July, 2010, personally appeared Alvin Lankford, who having been duly
sworn by me subscribed to the foregoing certification and upon oath states that the facts
contained in said certification are true.
NOTARY PUBLIC
*et VICKI S VV}LLIAMS
tt Notary Public, State or Texas
My Commission Expires
JANUARY 23, 2012
•
Ci
Georgetown
In order to help you complete your 2010 Property Value report, we are furnishing
the following information:
Total 2010 Taxable Value of Property Still Under ARB Review:
$207,126,724
l axpayer's Estimate of Value:
$124,276,034
City of Georgetown
2009 Taxable Values T ost Because Court Appeals of ARB Decision Reduced 2009
Appraised Value (as of 7/21 /10):
A. Original 2009 ARB Values:
358,962
2009 Values Resulting from Final Court Decisions $1,358,962
C. 2009 Value Loss. Subtract B from A.
$0
Page 13 of 14
2010 Property Tax Rates in City of Georgetown
This notice concerns 2010 property tax rates for City of Georgetown . It presents information about
three tax rates. Last year's tax rate is the actual rate the taxing unit used to determine property taxes last
year. This year's effective tax rate would impose the same total taxes as last year if you compare
properties taxed in both years. This year's rollback tax rate is the highest tax rate the taxing unit can set
before taxpayers can start tax rollback procedures. In each case these rates are foundby dividing the
total amount of taxes by the tax base (the total value of taxable property) with adjustments as required
by state law. The rates are given per $100 of property value
Last year's tax rate:
Last year's operating taxes
Last year's debt taxes
Last year's total taxes
Last year's tax base
Last year's total tax rate
This year's effective tax rate:
Last year's adjusted taxes
(after subtracting taxes on lost property)
This year's adjusted tax base
(after subtracting value of new property)
= This year's effective tax rate
This year's rollback tax rate:
Last year's adjusted operating taxes
(after subtracting taxes on lost property and
adjusting for any transferred function, tax increment
financing, state criminal justice mandate and/or
enhanced indigent health care expenditures)
This year's adjusted tax base
This year's effective operating rate
1.08 = this year's maximum operating rate
This year's debt rate
This year's rollback rate
$8,673,603
$5,941,869
$14,615,472
$3,099,994,956
0.3 56220/S 10.0
$10,937,301
$2,881,731,051
0.379539/$100
$7,334,249
$2,881,731,051
0.254508/$100
0.274868/$100
0.136353/$100
0.411221/$100
A hospital district or city that collects the additional sales tax to reduce property taxes, including
one that collects the tax for the first time this year, must insert the following lines:
Sales tax adjustment rate
Rollback tax rate
0.030446/$100
0.380775/$100
http://www.truth-in-taxation.com/TNT/PrintForms.aspx 7/29/2010
Page 14 of 14
Statement of Increase/Decrease
If City of Georgetown adopts a 2010 tax rate equal to the effective tax rate of 0.379539 per $100 of value, taxes would increase compared
to 2009 taxes by $ 209,114.
Schedule A: Unencumbered Fund Balances:
The following estimated balances w 11 be left in the units property tax accounts at the end of the fiscal year. These balances are not
encumbered by a corresponding debt obligation.
Type of Property Tax Fund Balance
M&O Funds 128,537
1&S Fund 860,450
Schedule C - Expected Revenue from Additional Sales Tax
(Foi hospital districts cities and counties with additional sales tax to reduce property taxes)
In calculating its effective and rollback tax rates, the unit estimated that it will receive $ 907,500 in additional sales and use tax revenues.
For County: The county has excluded any amount that is or will be distributed for economic development grants from this amount of
expected sales tax revenue.
This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations at 904
S. Main Street , Georgetown , TX 78626.
Name of person preparing this notice: Deborah M. Hunt
Title: Tax Assessor Collector
Date prepared: July 27. 2010
http://www.truth-in-taxation.com/TNT/PrintForms.aspx 7/29/2010