HomeMy WebLinkAboutRes 20-22 Approving Tax Rolls for the 2020 Tax Year, Approving Estimated Rate, Designating an Official to Caluculate RatesTOWN OF WESTLAKE
RESOLUTION NO. 20-22
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS,
APPROVING THE TAX ROLLS FOR TAX YEAR 2020 ON PROPERTY WITHIN THE
TOWN; APPROVING THE ESTIMATED TAX COLLECTION RATE; AND
DESIGNATING AN OFFICIAL TO CALCULATE THE NO-NEW-REVUNUE TAX
RATE AND THE VOTER -APPROVAL RATE.
WHEREAS, on July 24, 2020, the Chief Appraisers of Tarrant Appraisal District (TAD)
and Denton Central Appraisal District (DCAD) provided to the Town of Westlake the tax rolls
for 2020 with a total appraised value of $2,130,219,877 and having a net taxable value of
$1,422,961,845. Tarrant County provided certified values while Denton County provided certified
estimates. DCAD certified values will be provided at a later date; and,
WHEREAS, Texas Tax Code 26.04(c)and 26.17(e) now requires an officer or employee
designated by the governing body to calculate the no -new -revenue tax rate and the voter -approval
tax rate for the taxing unit after submission of the certified appraisal rolls; and,
WHEREAS, all legal prerequisites for the adoption of this resolution have been met,
including but not limited to the Local Government Code, the Open Meetings Act, and the Texas
Tax Code; and,
WHEREAS, the Town Council finds that the passage of this Resolution is in the best
interest of the citizens of Westlake.
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
WESTLAKE, TEXAS:
SECTION 1: That, all matters stated in the Recitals hereinabove are found to be true and
correct and are incorporated herein by reference as if copied in their entirety.
SECTION 2: That the tax rolls value for the tax year 2020 for the Town of Westlake,
Texas be and hereby approved in the amount of $2,130,219,877 for total appraised value.
SECTION 3: That the certified taxable value of $ 1,422,961,845 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
Boards. A projected minimum value of $155,327,901 has been assigned to this property for a total
of $1,578,289,746 used for budget purposes.
Resolution 20-22
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SECTION 5: That the estimated collection rate of 100% as calculated by Tarrant County
Tax Assessor -Collector is accepted.
SECTION 5: That the Finance Director is hereby authorized to calculate the no -new -
revenue tax rate and the voter -approval tax rate for the Town of Westlake in accordance with
Section 26 of the Texas Tax Code.
SECTION 6: If any portion of this Resolution shall, for any reason, be declared invalid
by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions
hereof and the Council hereby determines that it would have adopted this Resolution without the
invalid provision.
SECTION 4: That this Resolution shall become effective from and after its date of
passage.
PASSED AND APPROVED ON THIS 24th DAY OF AUGUST 2020.
ATTEST:
Tod Wood, "Town Secretary
APPROVED AS TO FORM:
to ry, Town Attorney
Laura L. Wheat, Mayor
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Amanda DeGan, Town Manager
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Resolution 20-22
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