HomeMy WebLinkAboutRes 11-24 Approving the Tax Rolls for 2011TOWN OF WESTLAKE
RESOLUTION NO. 11-24
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS
APPROVING THE TAX ROLLS FOR 2011 ON PROPERTY WITHIN THE TOWN;
AND PROVIDING AN EFFECTIVE DATE
WHEREAS, on duly 26, 2011, the Chief Appraisers of the Tarrant and Denton
Appraisal Districts approved and certified to the Westlake Town Council the Tax Rolls for 2011
with a total appraised value $936,334,098 and having a net taxable value of $797,747,546
NOW, THEREFORE, DE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN
OF WESTLAKE, TEXAS:
SECTION 1: That all matters stated in the preamble are true and correct and are
incorporated herein as if copied in their entirety.
SECTION 2: That the Certified Tax Rolls value for the tax year 2011 for the Town of
Westlake, Texas be and hereby approved in the amount of $936,334,098 for total appraised
value.
SECTION 3: That the certified net taxable value (total appraised value less exemptions)
of $797,747,546 is approved.
SECTION 4: That in addition to the value shown in Section 3 above, the Chief
Appraisers have prepared a list of all properties pending disposition before the Appraisal
Review Board. A projected minimum value of $30,218,721 has been assigned to this
property, $38,135,329 in properties not on the rolls, and $29,930,860 represents total ceilings
for over 65 and disabled persons for a total of $836,170,736 used for budget purposes.
Resolution 11-24
Page i of 2
SECTION 5: That this resolution shall become effective from and after its date of
passage.
PASSED AND APPROVED ON THIS 29thTH DAY OF AUGUST, 2011.
ATTEST;
I
Kelly dwards, own Secretary
LillLaura L. Wheat, Mayor
'ffioma-s"'Eanager
Resolution 11-24
Page 2 of 2
Town of Westlake
August 22, 2011
1, Debbie Piper, Finance Director for the Town of Westlake submit to the Town Council the 2011 Appraisal
Roll as sworn to by Jeff Law, Chief Appraiser of Tarrant County Appraisal District and Joe Rogers, Chief
Appraiser of Denton Central Appraisal District. Attached, herewith, are the appraisal roll valuation summary
sheets with hard copies of the appraisal roll available for inspection at 3 Village Circle, Suite 202, Westlake, TX
76262.
Total Appraised and Assessed Value $ 936,334,098
Less Agricultural Deferral and Exemptions - 138,586,552
Net Taxable $ 797,747,546
ARB Value $ 30,218,721
Incomplete Property Value $ 38,135,329
Over 65 and Disabled Persons Ceiling $ 29,930,860
New Construction
(Included in net taxable)
$ 791,170,788
Tarrant County Tax Office has certified an anticipated collection rate of 100% for the tax year 2011. This total
percentage includes current taxes, delinquent taxes, rollback taxes, penalties and interest.
Witness my hand this 22nd of August 2011.
Debbie Piper, CP?
Finance Director
Town of Westlake
Sworn and subscribed to me this 22nd day of August, 2011.
No ary Pu c Signature County State My OWM'S&" EXPIRES
y 3, 414
3 Village Circle, Suite # 202 • Westlake, Texas 76262
Tel: 817-430-0941 • www.westlake-tx.org • Fax: 817-430-181 Resolution 11-24
t
TARRANT APPRAISAL DISTRICT
TOWN OF WESTLAKE
2011 Certified Appraisal Roll
Valuation Summary
25 JUL 2011
1, ,teff Law, Chief Appraiser for the Tarrant Appraisal District, to the
best of my ability do solemnly swear that the attached is that portion
of the appraisal roll of the Tarrant Appraisal District which lists
property taxable by the above named entity and constitutes their
certified appraisal roll.
APPRAISED VALUE (Considers Value Caps) - - - - - - - - - - - - - - - - - > $
Absolute Exemption $ 6,015,566
Cases before ARB $ 48,973,311
Incompletes $ 117,785,592
Deferred, Special Use, and Partial Exemptions $ 129, 875, 614
See Totals Report for breakdown of each Exemption
NET TAXABLE VALUE-------------- ---------------> $
Appraised value minus Absolute Exemption amount, minus ARB amount,
minus Incompletes, minus deferred, Special Use and Partial Exemptions
to equal the NTV.
ESTIMATED NET TAXABLE VALUE --------- ----------> $
Including suggested values to be used for pending A.R.B. accounts
(see page two),. and Incomplete accounts (see page three).
Jeff Law, Chi
1,099,306,437
796,656,354
864,998,715
Resolution 11-24
Page 1 of 3 2500 Handley-Edervslle Road Fort Worth, Texas 76118 (817) 284-0024 LTR25C.fsi 3-22-2111
_'4
TARRANT APPRAISAL DISTRICT
Jeff Law, Chief Appraiser
TOWN OF WESTLAKE
2011 Appraisal Review Board Information
25 JUL 2011
Section 25.01 (c) of the State Property Tax Code directs the chief appraiser to prepare
a list of all properties under protest with the Appraisal Review Board and pending
disposition at the time of value roll certification.
The values below are from the ARB roil and are not included in the totals certified
by the chief appraiser and represented on page 1 of this report.
48,973,311 Total appraised value of properties under protest.
$
43, 152,903 Net taxable value of properties under protest.
$
30,207,032 Estimated minimum taxable value for the same properties.
This value should be added to the net taxable value on
page one.
Resolution 11-24
Page 2 of 3 2500 Handley-Ederville Road Fort Worth, Texas 76118 (817) 2a4-0024 LTR25D,fst 3.22.2011
V
25 JUL 2011
TARRANT APPRAISAL DISTRICT
Jeff Law, Chief Appraiser
TOWN OF WESTLAKE
2011 Incomplete Property Information
Section 26.01(d) of the State Property Tax Code directs the chief appraiser to
prepare a list of all properties that are not on the certified appraisal roll and not
included on the ARB roll.
The values below are from the incomplete property listing and are not included in
the totals certified by the chief appraiser and represented on page 1 of this report.
The value of incomplete properties are subject to change and are also subject to
appeal before the Appraisal Review Board.
$
117,78-5,592 Total appraised value of incomplete properties
$
38. 135,329 Estimated net taxable value of incomplete properties
Resolution 11-24
Page 3 of 3 2500 Handley-Ederviile Road Fort Worth, Texas 76118 (817) 284.0024 LTR25E.fsi 3.22-2411
CERTIFICATION OF 2011 ROLL
July 15, 2011
"I, Joe Rogers, Chief Appraiser for the Denton Central Appraisal District,
solemnly swear that I have made, or caused to be made, a diligent inquiry to
ascertain all property in the district subject to appraisal by me, and that I have
included in the records all property that I am aware of at an appraised value
determined as required by law."
JOEGE S, C EF APPRAISER
DE ON CENTRAL APPRAISAL DISTRICT
1
HOPE M. PIERSON
`t
. �i. k
•., SWe ol Texas
a 00-13.2.0 a
Resolution 11-24
DENTON County 2011 CERTIFIED TOTALS As of Certification
C44 - TOWN OF WESTLAKE
Property Count: 47 ARE Approved Totals 7/21/2011 7:10:50AM
Land Value
Homesite: 65,340
Non Homesite: 2,842,999
Ag Market: 8,657,940
Timber Market: 0 Total Land (+) 11,566,279
Improvement
Value
Homesite:
25,530
Non Homesite:
86,418
Total Improvements
H 111 ,948
Non Real
Count
Value
Personal Property:
19
730,461
Mineral Property:
0
0
Autos:
0
0
Total Non Real
M 730,461
Market Value
= 12,408,688
ETT
Non Exempt
hxern
Total Productivity Market:
8,657,940
0
Ag Use:
35,816
0
Productivity Loss
O 8,622,124
Timber Use:
0
0
Appraised Value
= 3,786,564
Productivity Loss:
8,622,124
0
Homestead Cap
() 0
Assessed Value
= 3,786,564
Exemption Count
Local State
Total
EX 12
0 2,695,142
2,695,142
EX366 1
0 230
230
Total Exemptions
(-) 2,695,372
APPROXIMATE TOTAL LEVY = NET TAXABLE - (TAX RATE. / 100)
1,747.00 = 1,091,192 * (0.160100 / 100)
Tax Increment Finance Value:
Tax Increment Finance Levy:
0
0.00
Net Taxable = 1,091,192
Resolution 11-24
044/652999 Page 265 of 747 True Automation, Inc.
DENTON County
2011 CERTIFIED TOTALS
As of Certification
Market Value
044 - TOWN OF WESTLAKE
Non hxempt
Property Count: 2
Under ARB Review Totals
7/2112011 7:10:50AM
2,400,532
Value
Land
Homesite:
0
Productivity Loss
Non Homesite:
4,642
0
Ag Market:
2,400,532
2,389,659
Timber Market:
0 Total Land
N 2,405 174
Value
Homestead Cap
Improvement
Homesite:
0
Assessed Value
Non Homesite:
0 Total Improvements
M 0
Non Real
Count Value
Personal Property.
0 0
Mineral Property:
0 0
Autos:
0 0 Total Non Real
(+} 0
APPROXIMATE TOTAL LEVY = NET TAXABLE * (TAX RATE 1100)
24.84 = 15,515 * (0.1 60100 1 1 00)
Tax Increment Finance Value:
Tax Increment Finance Levy:
0
0.00
Net Taxable
2,405,174
O 2,389,659
= 15,515
{-} 0
= 15,515
15,515
Resolution 11-24
0441652999 Page 266 of 747 True Automation, Inc.
Market Value
Ag
Non hxempt
Exempt
Total Productivity Market:
2,400,532
0
Ag Use:
10,873
0
Productivity Loss
Timber Use:
0
0
Appraised Value
Productivity Loss:
2,389,659
0
Homestead Cap
Assessed Value
APPROXIMATE TOTAL LEVY = NET TAXABLE * (TAX RATE 1100)
24.84 = 15,515 * (0.1 60100 1 1 00)
Tax Increment Finance Value:
Tax Increment Finance Levy:
0
0.00
Net Taxable
2,405,174
O 2,389,659
= 15,515
{-} 0
= 15,515
15,515
Resolution 11-24
0441652999 Page 266 of 747 True Automation, Inc.
DENTON County
Property Count: 49
2011 CERTIFIED TOTALS
C44 - TOWN OF WESTLAKE
Grand Totals
As of Certification
7/21/2011 7A0:50AM
Land
Value
Homesite:
65,340
Non Homesite:
2,847,641
Ag Market:
11,058,472
Timber Market:
0
Total Land
{+) 13,971,453
Improvement
alue
Homesite:
25,530
Non Homesite:
86,418
Total Improvements
(+) 111,948
Non Real
Count
Valoe
Personal Property:
19
730,461
Mineral Property:
0
0
Autos:
0
0
Total Non Real
(+) 730,461
Market Value
- 14,813,862
Ag
Non hxempt
Exempt
Total Productivity Market:
11,058,472
0
Ag Use:
46,689
0
Productivity Loss
{) 11,011,783
Timber Use:
0
0
Appraiser! Value
= 3,802,079
Productivity Loss:
11,01 1,783
0
Homestead Cap
() 0
Assessed Value
= 3,802,079
xemptron Count
Local
state Total
EX 12
0
2,695,142 2,695,142
EX366 1
0
230 230
Total Exemptions
{-) 2,695,372
APPROXIMATE TOTAL LEVY = NET TAXABLE " (TAX RATE ! 100)
1,771.84 = 1,106,707 * (0.1601001100)
Tax Increment Finance Value:
Tax Increment Finance Levy:
0
0.00
Net Taxable = 1,1067707
Resolution 11-24
044/652999 Page 267 of 747 True Automation, Inc.
DENTON County 2011 CERTIFIED TOTALS As of Certification
C44 - TOWN OF WESTLAKE
Property Count: 49 Effective Rate Assumption 7/2112011 7:12:01AM
New Value
TOTAL NEW VALUE MARKET: $0
TOTAL NEW VALUE TAXABLE: $0
New Exemptions
Exemption Description Count
ABSOLUTE EXEMPTIONS VALUE LOSS
Exemption Description Count Exemption Amount
PARTIAL EXEMPTIONS VALUE LOSS
TOTAL EXEMPTIONS VALUE LOSS $0
New Ag ! Timber Exemptions
New Annexations
New Deannexations
Average Homestead Value
Count of HS Residences Average Market Average HS Exemption Average Taxable
Lower Value Used
Dunt of ProtestedProperties Total Market Value Tota I Value Used
$2,405,174.00 $11,689
Resolution 11-24
C44/052999 Page 271 of 747 True Automation, Inc.