From
Brady Olsen
Title
Ordinance approving the 2020 tax roll resulting in a tax levy in the amount of $109,630,740 based on the Certified Appraisal Rolls approved by the Dallas,Tarrant, and Ellis County Appraisal Districts
Presenter
Brady Olsen, Treasury and Debt Manager
Recommended Action
Approve
Analysis
The approval of the tax roll is an annual process required by the Texas Property Tax Code. The tax roll is calculated by taking the 2020 certified appraisal rolls and applying the fiscal year (FY) 2020/2021 adopted tax rate. We are using certified estimates for this calculation. We anticipate the actual tax levy to be higher.
Financial Consideration
The approval of the tax rolls will enable the City to begin the annual tax collection process performed by the Dallas County Tax Assessor/Collector. The tax roll is also a funding basis included in the Proposed FY 2020/2021 Operating Budget.
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, APPROVING THE 2020 TAX ROLL; AND, PROVIDING AN EFFECTIVE DATE
WHEREAS, the proposed budget for FY 2020/2021 has been considered by the City Council; and,
WHEREAS, it is necessary to fund the budget; and
WHEREAS, certified appraisal rolls have been received from the Dallas, Tarrant, and Ellis County Appraisal Districts.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS:
SECTION 1. The City Council hereby approves the 2020 tax roll of the City of Grand Prairie, Texas which will result in a tax levy of $109,630,740 based on the Certified Appraisal Rolls as approved by the Dallas, Tarrant, and Ellis County Appraisal Districts;
SECTION 2. This ordinance shall become effective immediately upon its passage and approval.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, September 15, 2020.