Loading...
HomeMy WebLinkAboutRes 21-26 Approve Tax Rolls, Collection Rates, Designate Officer to calculate1 �WEItIAAi�J�1J1 RESOLUTION NO.21-26 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS, APPROVING THE TAX ROLLS FOR TAX YEAR 2021 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 26, 2021, the Chief Appraisers of Tarrant Appraisal District (TAD) and Denton Central Appraisal District (DCAD) provided to the Town of Westlake the tax rolls for 2021 with a total appraised value of $2,496,146,423 and having a net taxable value of $1,664,104,380, with Tarrant County and Denton County providing the certified values; and, WHEREAS, Texas Tax Code 26.04(c)and 26.17(e) 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 Tarrant County and Denton County tax roll values for the Town of Westlake, Texas, tax year 2021, reflect and are hereby approved an amount of $2,496,146,423 for the total appraised value. SECTION 3: That the certified taxable value of $ 1,664,104,380 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 with a projected minimum value of $116,267,890. SECTION 5: That the estimated 2021 collection rate of 100% as calculated by Tarrant County Tax Assessor -Collector is accepted. Resolution 21-26 Pagel of 2 SECTION 6: That the Director of Finance 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 7: 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 8: That this Resolution shall become effective from and after its date of passage. PASSED AND APPROVED ON THIS 23rd DAY OF AUGUST 2021. ATTEST: To� Town Secretary APPROVED AS TO FORM: 4')� L.Wadf6rdZwry, Town Attorney Laura L. Wheat, Mayor Lmail AaAate_ Amanda DeGan, Town Manager TEXPS� Resolution 21-26 Page 2 of 2 Tarrant Appraisal District Jeff Law, Chief Appraiser TOWN OF WESTLAKE 037 Appraisal Roll Information Valuation Summary as of July 21, 2021 2021 Certified Property Information I, Jeff 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 for the Tarrant Appraisal District which lists property taxable by the above -named entity and constitutes their Certified Appraisal Roll. APPRAISED VALUE (Considers Value Caps) - - - - - - - - - - - - - - - - - - - - - - - - -> $ 2,007,469,655 Number of Accounts: 1,463 Absolute Exemptions $ 27,583,808 Cases before ARB — Appraised Value $ 103,869,541 Incompletes $ 81,040,432 Partial Exemptions $ 168,195,522 In Process $ 0 NET TAXABLE VALUE ----------------------------------------- >$ 1,626,780,352 Appraised Value minus Absolute Exemption amount, minus Cases before ARB amount, minus Incompletes, minus Partial Exemptions, minus the In Process accounts equals the Net Taxable Value. ESTIMATED NET TAXABLE VALUE --------------------------------> $ 1,743,031,997 Including suggested values to be used for pending ARB accounts (see page two), Incompletes (see page three) and In Process accounts (see page four). Jeff Law, Chief Appraiser Tarrant Appraisal District 2500 Handley Ederville Road - Fort Worth, Texas 76118 - 817.284.0024 1 Tarrant Appraisal District Jeff Law, Chief Appraiser TOWN OF WESTLAKE 037 Appraisal Roll Information Valuation Summary as of July 21, 2021 2021 Appraisal Review Board Information 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 roll and are not included in the totals by the Chief Appraiser and represented on page 1 of this report. $ 103,869,541 Total appraised value of properties under protest. $ 90,148,320 Net taxable value of properties under protest. $ 63,103,824 Estimated minimum taxable value for the same properties. This value should be added to the net taxable value on page one. Tarrant Appraisal District 2500 Handley Ederville Road - Fort Worth, Texas 76118 - 817.284.0024 2 Tarrant Appraisal District Jeff Law, Chief Appraiser TOWN OF WESTLAKE 037 Appraisal Roll Information Valuation Summary as of July 21, 2021 2021 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 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 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 Aooraisal Review Board. $ 81,040,432 Total appraised value of incomplete properties $ 75,925,459 Net taxable value of properties under of incomplete properties. $ 53,147,821 Estimated minimum taxable value for the same properties. This value should be added to the net taxable value on page one Tarrant Appraisal District 2500 Handley Ederville Road - Fort Worth, Texas 76118 - 817.284.0024 3 Tarrant Appraisal District Jeff Law, Chief Appraiser TOWN OF WESTLAKE 037 Appraisal Roll Information Valuation Summary as of July 21, 2021 2021 In Process Property Information The values below are from In Process properties and are not included in the totals by the Chief Appraiser and represented on page 1 of this report. $0 Total appraised value of In Process properties $0 Estimated net taxable value of In Process properties. This value should be added to the net taxable value on page one. Tarrant Appraisal District 2500 Handley Ederville Road - Fort Worth, Texas 76118 - 817.284.0024 4 Tarrant Appraisal District (lab r �o�,� o,�,tt TOWN OF WESTLAKE 037 Totals for Roll Instance July Roll 2021 Value Detail Real Estate Residential Real Estate Commercial Real Estate Industrial Personal Property Commercial Personal Property Industrial Mineral Lease Properties Agricultural Properties Market Appraised 1,402,350,080 1,370,614,919 471,924,958 471,924,958 0 0 163,387,422 163,387,422 1,361,180 1,361,180 0 0 97, 330, 876 181,176 Counts Taxable 1,022 1,189,442,645 160 444,721,450 0 0 198 157,147,680 1 1,361,180 0 0 82 181,176 Total Value 2,136,354,516 2,007,469,655 1,463 1,792,854,131 Pending Detail Market Appraised Counts Taxable Cases Before ARB 105,041,191 103,869,541 64 90,148,320 Incomplete Accounts 82,350,188 81,040,432 82 75,925,459 In Process Accounts 0 0 0 0 Certified Value 1,948,963,137 1,822,559,682 1,317 1,626,780,352 7/17/2021 10:14:44 PM Page 172 of 521 TOWN OF WESTLAKE Exemption Detail Market Exempt Counts Appraised Absolute Public 27,583,808 27,583,808 61 27,583,808 Absolute Charitable 0 0 0 0 Absolute Miscellaneous 0 0 0 0 Absolute Religious & Private Schools 0 0 0 0 Indigent Housing 0 0 0 0 Nominal Value 491 491 1 491 Disabled Vet 10-29% 0 0 0 0 Disabled Vet 30-49% 741,109 7,500 1 741,109 Disabled Vet 50-69% 900,000 10,000 1 900,000 Disabled Vet 70-99% 1,650,000 12,000 1 1,650,000 Disabled Vet 100% 900,000 710,000 1 900,000 Surviving Spouse Disabled Vet 100% 0 0 0 0 Donated Disabled Vet 0 0 0 0 Surviving Spouse Donated Disabled Vet 0 0 0 0 Surviving Spouse KIA Armed Service Member 0 0 0 0 Transfer Base Value for SS Disable Vet 0 0 0 0 Inventory 0 0 0 0 Homestead State Mandated -General 0 0 0 0 Homestead State Mandated -Over 65 0 0 0 0 Homestead State Mandated -Disabled Person 0 0 0 0 Homestead State Mandated -Disabled Person 0 0 0 0 Over 65 Homestead Local Option -General 845,368,131 162,947,931 411 815,914,929 Homestead Local Option -Over 65 160,909,459 932,000 94 154,322,680 Homestead Local Option -Disabled Person 2,661,798 10,000 1 1,711,243 Homestead Local Option -Disabled Person 0 0 0 0 Over 65 Solar & Wind Powered Devices 0 0 0 0 Pollution control 0 0 0 0 Community Housing Development 0 0 0 0 Abatements 131,812,834 0 2 131,812,834 Historic Sites 0 0 0 0 Foreign Trade Zone 0 0 0 0 Misc Personal Property (Vehicles, etc.) 2,254,065 1,967,311 9 2,254,065 Surviving Spouse of First Responder KLD 0 0 0 0 Transfer Base Value SS KIA Armed Service 0 0 0 0 Member Transfer Base Value SS of First Responder 0 0 0 0 KLD Property Damaged by Disaster 9,407,645 1,598,289 5 9,161,463 Total Exemptions 195,779,330 588 7/17/2021 10:14:44 PM Page 173 of 521 TOWN OF WESTLAKE Deferrals Market Deferred Counts Appraised Ag Deferrals 97,125,775 96,950,253 81 175,522 Scenic Deferrals 0 0 0 0 Public Access Airports 0 0 0 0 Other Deferrals 0 0 0 0 Total Deferrals 97,125,775 96,950,253 81 175,522 7/17/2021 10:14:44 PM Page 174 of 521 TOWN OF WESTLAKE New Exemptions Market Exempt Counts Appraised Absolute Public 1,994,384 1,994,384 1 1,994,384 Absolute Charitable 0 0 0 0 Absolute Miscellaneous 0 0 0 0 Absolute Religious & Private Schools 0 0 0 0 Indigent Housing 0 0 0 0 Nominal Value 0 0 0 0 Disabled Vet 10-29% 0 0 0 0 Disabled Vet 30-49% 741,109 7,500 1 741,109 Disabled Vet 50-69% 0 0 0 0 Disabled Vet 70-99% 0 0 0 0 Disabled Vet 100% 0 0 0 0 Surviving Spouse Disabled Vet 100% 0 0 0 0 Donated Disabled Vet 0 0 0 0 Surviving Spouse Donated Disabled Vet 0 0 0 0 Surviving Spouse KIA Armed Service Member 0 0 0 0 Transfer Base Value for SS Disable Vet 0 0 0 0 Inventory 0 0 0 0 Homestead State Mandated -General 0 0 0 0 Homestead State Mandated -Over 65 0 0 0 0 Homestead State Mandated -Disabled Person 0 0 0 0 Homestead State Mandated -Disabled Person 0 0 0 0 Over 65 Homestead Local Option -General 39,176,317 7,835,262 17 39,176,317 Homestead Local Option -Over 65 12,505,078 50,000 5 10,464,489 Homestead Local Option -Disabled Person 0 0 0 0 Homestead Local Option -Disabled Person 0 0 0 0 Over 65 Solar & Wind Powered Devices 0 0 0 0 Pollution control 0 0 0 0 Community Housing Development 0 0 0 0 Abatements 0 0 0 0 Historic Sites 0 0 0 0 Foreign Trade Zone 0 0 0 0 Misc Personal Property (Vehicles, etc.) 431,347 431,347 1 431,347 Surviving Spouse of First Responder KLD 0 0 0 0 Transfer Base Value SS KIA Armed Service 0 0 0 0 Member Transfer Base Value SS of First Responder 0 0 0 0 KLD Property Damaged by Disaster 9,407,645 1,598,289 5 9,161,463 Total New Exemptions 11,916,782 30 7/17/2021 10:14:44 PM Page 175 of 521 TOWN OF WESTLAKE New Construction New Value Counts Taxable All Real Estate 76,401,804 63 73,017,084 New business in new improvement 0 0 0 Total New Construction 76,401,804 63 73,017,084 New Construction in Residential 73,364,085 60 69,979,365 New Construction in Commercial 3,037,719 3 3,037,719 Market Appraised Counts Taxable Annexation 0 0 0 0 Deannexation 0 0 0 0 Tax Ceiling Market Taxable Counts Ceiling Amount Over65 160,909,459 122,871,828 94 157,040.00 Disable Person 2,661,798 1,358,994 1 1,259.00 Disabled Person Over 65 0 0 0 0.00 Total Ceilings 163,571,257 124,230,822 95 158,299.00 New Over 65 Ceilings 21,303,204 0 10 0.00 New Disabled Person Ceilings 0 0 0 0.00 New Disabled Person Over 65 Ceilings 0 0 0 0 Capped Accounts Market Cap Loss Counts Appraised Cap Total 200,480,106 29,453,202 101 171,026,904 New Cap this Year 64,962,122 8,335,800 30 56,626,322 All Exemptions by Group Market Exempt Counts Appraised Residential 849,319,419 166,550,598 418 819,866,217 Commercial 161,328,320 29,228,732 68 161,328,320 Industrial 0 0 0 0 Mineral Lease 0 0 0 0 Agricultural 97,130,500 0 0 180,247 Exemption Total 195,779,330 486 Market Exempt Counts Appraised Prorated Absolute 0 0 0 0 Multi -Prorated Absolute 0 0 1 1,994,384 Current Taxable Counts Appraised Value Loss - 25.25(d) 0 0 0 Average Market Average Appraised Counts Average Taxable Averages for Value Single Family 2,111,456 2,060,163 569 1,769,060 7/17/2021 10:14:44 PM Page 176 of 521 ,j� Current Use Code Report - Certified L ,�,,,�,�,a„ Entity: 037 TOWN OF WESTLAKE Dsbd A 'Residential SingleFamily" ARB A 'Residential SingleFamily" Certified A --"Residential SingleFamily" Totals C1 "Vacant Land Residential" ARB C1 "Vacant Land Residential" Certified C1 "Vacant Land Residential" Incomplete C1 -- "Vacant Land Residential" Totals C1C "Vacant Land Commercial' ARB C1C "Vacant Land Commercial' Certified CiC -- "Vacant Land Commercial' Totals C2C -- Certified "Commercial LandWithIm provementVa lue" C2C -- "Commercial LandWithImprovementValue" Totals D1 - "Qualified Open Space Land" ARB D1 -- "Qualified Open Space Land" Certified D1 -- "Qualified Open Space Land" Totals E --'Rural Land (No Ag) and Improvements ARB Residential' E --'Rural Land (No Ag) and Improvements Certified Residential' E --'Rural Land (No Ag) and Improvements Incomplete Residential' E -- "Rural Land (No Ag) and Improvements Residential' Totals F1 "Commercial' ARB F1 "Commercial' Certified F1 -- "Commercial' Totals 33C "VarX Utility Electric Companies" Certified 33C -- "VarX Utility Electric Companies" Totals AC "VarX Utility Telephone Companies" ARB AC "VarX Utility Telephone Companies" Certified Page 1 of 2 7/18/2021 7:40:07 PM 38 $85,482,404 $84,510,201 $70,788,980 0.0000 $0 $2,368,250 569 $1,201,418,991 $1,172,232,873 $1,006,595,310 0.0000 $0 $73,364,085 607 $1,286,901,395 $1,256,743,074 $1,077,384,290 0.0000 $0 $75,732,335 7 $3,263,153 $3,263,153 $3,263,153 0.0000 $0 $0 236 $49,189,792 $49,189,792 $49,150,450 0.0000 $0 $0 1 $312,542 $312,542 $312,542 0.0000 $0 $0 244 $52,765,487 $52,765,487 $52,726,145 0.0000 $0 $0 10 $1,828,501 $1,828,501 $1,828,501 0.0000 $0 $0 63 $15,330,303 $15,330,303 $15,330,303 0.0000 $0 $0 73 $17,158,804 $17,158,804 $17,158,804 0.0000 $0 $0 3 $1,446,833 $1,446,833 $1,446,833 0.0000 $0 $0 3 $1,446,833 $1,446,833 $1,446,833 0.0000 $0 $0 1 $200,376 $929 $929 9.2000 $199,447 $0 81 $97,130,500 $180,247 $180,247 1,726.7085 $96,950,253 $0 82 $97,330,876 $181,176 $181,176 1,735.9085 $97,149,700 $0 1 $520,000 $520,000 $520,000 0.0000 $0 $0 7 $6,257,281 $5,990,197 $5,439,382 0.0000 $0 $0 1 $5,762,030 $4,452,274 $3,551,819 0.0000 $0 $0 9 $12,539,311 $10,962,471 $9,511,201 0.0000 $0 $0 2 $6,022,663 $6,022,663 $6,022,663 0.0000 $0 $288,337 27 $420,093,150 $420,093,150 $420,093,150 0.0000 $0 $3,037,719 29 $426,115,813 $426,115,813 $426,115,813 0.0000 $0 $3,326,056 3 $1,065,020 $1,065,020 $1,065,020 0.0000 $0 $0 3 $1,065,020 $1,065,020 $1,065,020 0.0000 $0 $0 2 $7,100,965 $7,100,965 $7,100,965 0.0000 $0 $0 4 $621,490 $621,490 $621,490 0.0000 $0 $0 This report contains All Excluding Absolutes Process Code: 220 Table Group Name: July Roll ,j� Current Use Code Report - Certified L ,�,,,�,�,a„ Entity: 037 TOWN OF WESTLAKE Page 2 of 2 7/18/2021 7:40:07 PM MC "VarX Utility Telephone Companies" Incomplete 14 $69,725,306 $69,725,306 $69,725,306 0.0000 $0 $0 MC -- "VarX Utility Telephone Companies" Totals: 20 $77,447,761 $77,447,761 $77,447,761 0.0000 $0 $0 J7C "VarX Utility Cable Companies" Incomplete 1 $52,431 $52,431 $52,431 0.0000 $0 $0 J7C -- "VarX Utility Cable Companies" Totals: 1 $52,431 $52,431 $52,431 0.0000 $0 $0 Ll -- "Personal Property Tangible ARB 3 $623,129 $623,129 $623,129 0.0000 $0 $0 Commercial" Ll -- "Personal Property Tangible Certified 40 $70,264,775 $70,264,775 $70,264,284 0.0000 $0 $0 Commercial" Ll -- "Personal Property Tangible Incomplete 14 $1,764,677 $1,764,677 $1,701,326 0.0000 $0 $0 Commercial" Ll -- "Personal Property Tangible InProcess 7 $0 $0 $0 0.0000 $0 $0 Commercial" Ll -- "Personal Property Tangible Commercial" Totals: 64 $72,652,581 $72,652,581 $72,588,739 0.0000 $0 $0 L1C -- "VarX Commercial" Certified 54 $7,379,005 $7,379,005 $5,411,694 0.0000 $0 $0 L1C -- "VarX Commercial" Incomplete 51 $4,733,202 $4,733,202 $582,035 0.0000 $0 $0 LIC -- "VarX Commercial" InProcess 4 $0 $0 $0 0.0000 $0 $0 L1C -- "VarX Commercial" Totals: 109 $12,112,207 $12,112,207 $5,993,729 0.0000 $0 $0 L2 "Personal Property Tangible Industrial" Certified 1 $1,361,180 $1,361,180 $1,361,180 0.0000 $0 $0 L2 -- "Personal Property Tangible Industrial" Totals: 1 $1,361,180 $1,361,180 $1,361,180 0.0000 $0 $0 0 "Residential Inventory" Certified 157 $49,821,009 $49,821,009 $49,821,009 0.0000 $0 $0 O -- "Residential Inventory" Totals: 157 $49,821,009 $49,821,009 $49,821,009 0.0000 $0 $0 ARB Totals: 64 $105,041,191 $103,869,541 $90,148,320 9.2000 $199,447 $2,656,587 Certified Totals: 1,245 $1,921,379,329 $1,794,975,874 $1,626,780,352 1,726.7085 $96,950,253 $76,401,804 Incomplete Totals: 82 $82,350,188 $81,040,432 $75,925,459 0.0000 $0 $0 In Process Totals: 11 $0 $0 $0 0.0000 $0 $0 Report Totals: 1,402 $2,108,770,708 $1,979,885,847 $1,792,854,131 1,735.9085 $97,149,700 $79,058,391 This report contains All Excluding Absolutes Process Code: 220 Table Group Name: July Roll Entity Exemptions Report Page 1 of 3 10W 2021 DULY ROLL 7/19/2021 9:11:36 AM a 037 TOWN OF WESTLAKE —Exemption Type Abatements Certified Loss $0 I MMJ&ARB Loss 2 $0 Count 0 Incomplete I Loss $0 Count 0 Total Loss $0 2 Absolute Charitable $0 0 $0 0 $0 0 $0 0 Absolute Miscellaneous $0 0 $0 0 $0 0 $0 0 Absolute Public $27,583,808 61 $0 0 $0 0 $27,583,808 61 Absolute Religious & Private Schools $0 0 $0 0 $0 0 $0 0 Community Housing Development $0 0 $0 0 $0 0 $0 0 Disabled Vet 100% $710,000 1 $0 0 $0 0 $710,000 1 Disabled Vet 10-29% $0 0 $0 0 $0 0 $0 0 Disabled Vet 30-49% $7,500 1 $0 0 $0 0 $7,500 1 Disabled Vet 50-69% $10,000 1 $10,000 1 $0 0 $20,000 2 Disabled Vet 70-99% $12,000 1 $0 0 $0 0 $12,000 1 Donated Disabled Vet $0 0 $0 0 $0 0 $0 0 Foreign Trade Zone $0 0 $0 0 $0 0 $0 0 Historic Sites $0 0 $0 0 $0 0 $0 0 Homestead Local Option -Disabled Person $10,000 1 $0 0 $0 0 $10,000 1 Homestead Local Option -Disabled Person Over 65 $0 0 $0 0 $0 0 $0 0 Homestead Local Option -General $162,947,931 411 $13,643,221 31 $890,455 1 $177,481,607 443 Homestead Local Option -Over 65 $932,000 94 $68,000 7 $10,000 1 $1,010,000 102 Homestead State Mandated -Disabled Person $0 0 $0 0 $0 0 $0 0 Homestead State Mandated -Disabled Person Over 65 $0 0 $0 0 $0 0 $0 0 Homestead State Mandated -General $0 0 $0 0 $0 0 $0 0 Homestead State Mandated -Over 65 $0 0 $0 0 $0 0 $0 0 Indigent Housing $0 0 $0 0 $0 0 $0 0 Inventory $0 0 $0 0 $0 0 $0 0 Misc Personal Property (Vehicles, etc.) $1,967,311 9 $0 0 $4,151,167 17 $6,118,478 26 Nominal Value $491 1 $0 0 $400 1 $891 2 Pollution control $0 0 $0 0 $62,951 1 $62,951 1 Property Damaged by Disaster $1,598,289 5 $0 0 $0 0 $1,598,289 5 Solar & Wind Powered Devices $0 0 $0 0 $0 0 $0 0 Surviving Spouse Disabled Vet 100% $0 0 $0 0 $0 0 $0 0 Surviving Spouse Donated Disabled Vet $0 0 $0 0 $0 0 $0 0 Entity Exemptions Report Page 2 of 3 10w 2021 DULY ROLL 7/19/2021 9:11:36 AM a 037 TOWN OF WESTLAKE Exemption Type Certi"fiedl Count Lo Surviving Spouse KIA Armed Service Member $0 0 ARB Loss $0 Count 0 Incomple Total I&nt Loss Loss $0 0 $0 0 Surviving Spouse of First Responder KLD $0 0 $0 0 $0 0 $0 0 Transfer Base Value for SS Disable Vet $0 0 $0 0 $0 0 $0 0 Transfer Base Value SS KIA Armed Service Member $0 0 $0 0 $0 0 $0 0 Transfer Base Value SS of First Responder KLD $0 0 $0 0 $0 0 $0 0 Subtotals =_> $195,779,330 588 $13,721,221 39 $5,114,973 21 $214,615,524 648 Entity Exemptions Report 10w a 2021 DULY ROLL 037 TOWN OF WESTLAKE Page 3of3 7/19/2021 9:11:36 AM Deferral Type Certified Count ARB Loss Count Incomplete Count ToL_ hh--�ount "aillillill. I I I I Loss Loss . i Ag Deferrals $96,950,253 81 $199,447 1 $0 0 $97,149,700 82 Scenic Deferrals $0 0 $0 0 $0 0 $0 0 Subtotals =_> $96,950,253 81 $199,447 1 $0 0 $97,149,700 82 Entity Totals Total Appraised * $2,007,469,655 Absolute Exempt $27,583,808 Cases Before ARB $103,869,541 Incompletes $81,040,432 Partial Exemptions $168,195,522 In Process $0 Calculated Net Taxable Value $1,626,780,352 (Total # of Accounts * 1,4631 * Only includes totals from Agricultural Properties, Mineral Lease Properties, Personal Property Commercial, Personal Property Industrial, Real Estate Commercial, Real Estate Industrial, and Real Estate Residential. �rwEntities Residential Graph Report 7/18/2021 Tarrant Appraisal District 2021 TOWN OF WESTLAKE 7:16:38 PM Total Parcel Counts: 569 Average Market: 2,111,456 Average NTV: 1,769,060 10,250,00 - 10,499,999 9,250,000 - 9,499,999 6,250,000 - 6,499,999 5,750,000 - 5,999,999 5,250,000 - 5,499,999 5,000,000 - 5,249,999 4,750,000 - 4,999,999 4,500,000 - 4,749,999 4,250,000 - 4,499,999 4,000,000 - 4,249,999 3,750,000 - 3,999,999 3,500,000 - 3,749,999 m 3,250,000 - 3,499,999 r 3,000,000 - 3,249,999 C a a 2,750,000 - 2,999,999 2,500,000 - 2,749,999 2,250,000 - 2,499,999 2,000,000 - 2,249,999 1,750,000 - 1,999,999 1,500,000 - 1,749,999 1,250,000 - 1,499,999 1,000,000 - 1,249,999 750,000 - 999,999 500,000 - 749,999 250,000 - 499,999 0 - 249,999 0 20 40 60 80 100 Parcel Counts - Single Family Residence Only Total Count DENTON County Property Count: 52 2021 CERTIFIED TOTALS C44 - WESTLAKE TOWN OF ARB Approved Totals As of Certification 7/24/2021 1:45:43PM Land Value Homesite: 108,900 Non Homesite: 17,324,594 Ag Market: 35,614,175 Timber Market: 0 Total Land H 53,047,669 Improvement Value Homesite: 54,421 Non Homesite: 447,276,944 Total Improvements H 447,331,365 Non Real Count Value Personal Property: 14 23,870,639 Mineral Property: 0 0 Autos: 0 0 Total Non Real H 23,870,639 Market Value = 524,249,673 Ag Non Exempt Exempt Total Productivity Market: 35,614,175 0 Ag Use: 25,025 0 Productivity Loss H 35,589,150 Timber Use: 0 0 Appraised Value = 488,660,523 Productivity Loss: 35,589,150 0 Homestead Cap H 0 Assessed Value = 488,660,523 Total Exemptions Amount H 451,352,740 (Breakdown on Next Page) Net Taxable = 37,307,783 APPROXIMATE TOTAL LEVY = NET TAXABLE � (TAX RATE / 100) 62,632.31 = 37,307,783 ` (0.167880 / 100) Certified Estimate of Market Value: 524,249,673 Certified Estimate of Taxable Value: 37,307,783 Tax Increment Finance Value: 0 Tax Increment Finance Levy: 0.00 C44/652999 Page 523 of 2428 DENTON County 2021 CERTIFIED TOTALS As of Certification C44 - WESTLAKE TOWN OF Property Count: 52 ARB Approved Totals 7/24/2021 1:45:43PM Exemption Breakdown Exemption Count Local State Total AB 5 448,676,741 0 448,676,741 EX-XV 16 0 2,675,923 2,675,923 EX366 1 0 76 76 Totals 448,676,741 2,675,999 451,352,740 C44/652999 Page 524 of 2428 DENTON County Property Count: 3 2021 CERTIFIED TOTALS C44 - WESTLAKE TOWN OF Under ARB Review Totals As of Certification 7/24/2021 1:45:43PM Land Value Homesite: 0 Non Homesite: 0 Ag Market: 347,531 Timber Market: 0 Total Land H 347,531 Improvement Value Homesite: 0 Non Homesite: 0 Total Improvements N 0 Non Real Count Value Personal Property: 1 15,911 Mineral Property: 0 0 Autos: 0 0 Total Non Real H 15,911 Market Value = 363,442 Ag Non Exempt Exempt Total Productivity Market: 347,531 0 Ag Use: 334 0 Productivity Loss H 347,197 Timber Use: 0 0 Appraised Value = 16,245 Productivity Loss: 347,197 0 Homestead Cap H 0 Assessed Value = 16,245 Total Exemptions Amount () 0 (Breakdown on Next Page) Net Taxable = 16,245 APPROXIMATE TOTAL LEVY = NET TAXABLE � (TAX RATE / 100) 27.27 = 16,245 " (0.167880 / 100) Certified Estimate of Market Value: 128,576 Certified Estimate of Taxable Value: 16,245 Tax Increment Finance Value: 0 Tax Increment Finance Levy: 0.00 C44/652999 Page 525 of 2428 DENTON County 2021 CERTIFIED TOTALS As of Certification C44 - WESTLAKE TOWN OF 7/24/2021 1:45:43PM Exemption Breakdown Exemption Count Local State Total Totals C44/652999 Page 526 of 2428 DENTON County 2021 CERTIFIED TOTALS As of Certification C44 - WESTLAKE TOWN OF Property Count: 55 Grand Totals 7/24/2021 1:45:43PM Land Value Homesite: 108,900 Non Homesite: 17,324,594 Ag Market: 35,961,706 Timber Market: 0 Total Land H 53,395,200 Improvement Value Homesite: 54,421 Non Homesite: 447,276,944 Total Improvements H 447,331,365 Non Real Count Value Personal Property: 15 23,886,550 Mineral Property: 0 0 Autos: 0 0 Total Non Real H 23,886,550 Market Value = 524,613,115 Ag Non Exempt Exempt Total Productivity Market: 35,961,706 0 Ag Use: 25,359 0 Productivity Loss H 35,936,347 Timber Use: 0 0 Appraised Value = 488,676,768 Productivity Loss: 35,936,347 0 Homestead Cap H 0 Assessed Value = 488,676,768 Total Exemptions Amount H 451,352,740 (Breakdown on Next Page) Net Taxable - 37,324,028 APPROXIMATE TOTAL LEVY = NET TAXABLE � (TAX RATE / 100) 62,659.58 = 37,324,028 ` (0.167880 / 100) Certified Estimate of Market Value: 524,378,249 Certified Estimate of Taxable Value: 37,324,028 Tax Increment Finance Value: 0 Tax Increment Finance Levy: 0.00 C44/652999 Page 527 of 2428 DENTON County 2021 CERTIFIED TOTALS As of Certification C44 - WESTLAKE TOWN OF Property Count: 55 Grand Totals 7/24/2021 1:45:43PM Exemption Breakdown Exemption Count Local State Total AB 5 448,676,741 0 448,676,741 EX-XV 16 0 2,675,923 2,675,923 EX366 1 0 76 76 Totals 448,676,741 2,675,999 451,352,740 C44/652999 Page 528 of 2428 DENTON County 2021 CERTIFIED TOTALS As of Certification C44 - WESTLAKE TOWN OF Property Count: 52 ARB Approved Totals 7/24/2021 1:45:43PM State Category Breakdown State Code Description Count Acres New Value Market Value Taxable Value C1 VACANT LOTS AND LAND TRACTS 1 1.8020 $0 $117,743 $58,871 D1 QUALIFIED AG LAND 20 327.9608 $0 $35,614,175 $23,704 D2 NON -QUALIFIED LAND 2 $0 $23,097 $23,097 E FARM OR RANCH IMPROVEMENT 3 18.2370 $0 $2,316,767 $1,313,438 F1 COMMERCIAL REAL PROPERTY 3 52.8600 $348,099,690 $459,631,329 $31,878,533 J3 ELECTRIC COMPANY (INCLUDING C 2 $0 $1,002,980 $1,002,980 J4 TELEPHONE COMPANY (INCLUDI 4 $0 $573,220 $573,220 J7 CABLE TELEVISION COMPANY 4 $0 $198,720 $198,720 L1 COMMERCIAL PERSONAL PROPE 3 $21,655,584 $22,095,643 $2,235,220 X TOTALLY EXEMPT PROPERTY 17 150.8894 $0 $2,675,999 $0 Totals 551.7492 $369,755,274 $524,249,673 $37,307,783 C44/652999 Page 529 of 2428 DENTON County Property Count: 3 2021 CERTIFIED TOTALS C44 - WESTLAKE TOWN OF Under ARB Review Totals State Category Breakdown As of Certification 7/24/2021 1:45:43PM State Code Description Count Acres New Value Market Value Taxable Value D1 QUALIFIED AG LAND L1 COMMERCIAL PERSONAL PROPE 2 5.3884 1 Totals 5.3884 $0 $347,531 $334 $0 $15,911 $15,911 $0 $363,442 $16,245 C44/652999 Page 530 of 2428 DENTON County 2021 CERTIFIED TOTALS As of Certification C44 - WESTLAKE TOWN OF Property Count: 55 Grand Totals 7/24/2021 1:45:43PM State Category Breakdown State Code Description Count Acres New Value Market Value Taxable Value C1 VACANT LOTS AND LAND TRACTS 1 1.8020 $0 $117,743 $58,871 D1 QUALIFIED AG LAND 22 333.3492 $0 $35,961,706 $24,038 D2 NON -QUALIFIED LAND 2 $0 $23,097 $23,097 E FARM OR RANCH IMPROVEMENT 3 18.2370 $0 $2,316,767 $1,313,438 F1 COMMERCIAL REAL PROPERTY 3 52.8600 $348,099,690 $459,631,329 $31,878,533 J3 ELECTRIC COMPANY (INCLUDING C 2 $0 $1,002,980 $1,002,980 J4 TELEPHONE COMPANY (INCLUDI 4 $0 $573,220 $573,220 J7 CABLE TELEVISION COMPANY 4 $0 $198,720 $198,720 L1 COMMERCIAL PERSONAL PROPE 4 $21,655,584 $22,111,554 $2,251,131 X TOTALLY EXEMPT PROPERTY 17 150.8894 $0 $2,675,999 $0 Totals 557.1376 $369,755,274 $524,613,115 $37,324,028 C44/652999 Page 531 of 2428 DENTON County 2021 CERTIFIED TOTALS As of Certification C44 - WESTLAKE TOWN OF Property Count: 52 ARB Approved Totals 7/24/2021 1:45:43PM CAD State Category Breakdown State Code Description Count Acres New Value Market Value Taxable Value C2 COMMERCIAL VACANT LOT 1 1.8020 $0 $117,743 $58,871 D1 QUALIFIED AG LAND 20 327.9608 $0 $35,614,175 $23,704 D2 FARM AND RANCH IMPSS ON QUALI 2 $0 $23,097 $23,097 E1 LAND AND IMPROVMENTS (NON AG 2 8.0000 $0 $310,110 $310,110 E4 VACANT NON QUALIFIED NON HOME 1 10.2370 $0 $2,006,657 $1,003,328 F1 REAL COMMERCIAL 3 52.8600 $348,099,690 $459,631,329 $31,878,533 J3 REAL & TANGIBLE PERSONAL, UTIL 2 $0 $1,002,980 $1,002,980 J4 REAL & TANGIBLE PERSONAL, UTIL 4 $0 $573,220 $573,220 J7 REAL & TANGIBLE PERSONAL, UTIL 4 $0 $198,720 $198,720 L1 BPP TANGIBLE COMERCIAL PROPER 1 $21,655,584 $22,068,137 $2,207,714 L3 BPP TANGIBLE COMMERCIAL LEASE 2 $0 $27,506 $27,506 X 17 150.8894 $0 $2,675,999 $0 Totals 551.7492 $369,755,274 $524,249,673 $37,307,783 C44/652999 Page 532 of 2428 DENTON County Property Count: 3 2021 CERTIFIED TOTALS C44 - WESTLAKE TOWN OF Under ARB Review Totals As of Certification 7/24/2021 1:45:43PM CAD State Category Breakdown State Code Description Count Acres New Value Market Value Taxable Value D1 QUALIFIED AG LAND L3 BPP TANGIBLE COMMERCIAL LEASE Totals 5.3884 $0 $347,531 $334 $0 $15,911 $15,911 $0 $363,442 $16,245 C44/652999 Page 533 of 2428 DENTON County 2021 CERTIFIED TOTALS As of Certification C44 - WESTLAKE TOWN OF Property Count: 55 Grand Totals 7/24/2021 1:45:43PM CAD State Category Breakdown State Code Description Count Acres New Value Market Value Taxable Value C2 COMMERCIAL VACANT LOT 1 1.8020 $0 $117,743 $58,871 D1 QUALIFIED AG LAND 22 333.3492 $0 $35,961,706 $24,038 D2 FARM AND RANCH IMPSS ON QUALI 2 $0 $23,097 $23,097 E1 LAND AND IMPROVMENTS (NON AG 2 8.0000 $0 $310,110 $310,110 E4 VACANT NON QUALIFIED NON HOME 1 10.2370 $0 $2,006,657 $1,003,328 F1 REAL COMMERCIAL 3 52.8600 $348,099,690 $459,631,329 $31,878,533 J3 REAL & TANGIBLE PERSONAL, UTIL 2 $0 $1,002,980 $1,002,980 J4 REAL & TANGIBLE PERSONAL, UTIL 4 $0 $573,220 $573,220 J7 REAL & TANGIBLE PERSONAL, UTIL 4 $0 $198,720 $198,720 L1 BPP TANGIBLE COMERCIAL PROPER 1 $21,655,584 $22,068,137 $2,207,714 L3 BPP TANGIBLE COMMERCIAL LEASE 3 $0 $43,417 $43,417 X 17 150.8894 $0 $2,675,999 $0 Totals 557.1376 $369,755,274 $524,613,115 $37,324,028 C44/652999 Page 534 of 2428 DENTON County 2021 CERTIFIED TOTALS As of Certification C44 - WESTLAKE TOWN OF Property Count: 55 Effective Rate Assumption 7/24/2021 1:45:43PM New Value TOTAL NEW VALUE MARKET: $369,755,274 TOTAL NEW VALUE TAXABLE: $30,647,043 New Exemptions Exemption Description Count ABSOLUTE EXEMPTIONS VALUE LOSS Exemption Description Count Exemption Amount PARTIAL EXEMPTIONS VALUE LOSS NEW EXEMPTIONS VALUE LOSS $0 Increased Exemptions Exemption Description Count Increased Exemption Amount INCREASED 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 Count of Protested Properties Total Market Value Total Value Used 3 $363,442.00 $16, 245 C44/652999 Page 535 of 2428 TARRANT COUNTY TAX OFFICE 100 E Weatherford St, Room 105 Fort Worth, Texas 76196-0301 817-884-1100 TaxofficeLtarrantcount. July 29, 2021 Ms Ginger Awtry Town of Westlake 3 Village Circle Westlake TX 76262 Wendy Burgess Tax Assessor -Collector Re: Certified Estimate of Anticipated Collection Rate for Tax Year 2021 Dear Ms Awtry: Texas Tax Code Sec. 26.04(b)requires your Tax Collector to certify your entity's anticipated collection rate for the current year. New law now requires the collector to look at the preceding three years to determine that rate. (Sec. 26.04(h-1)) To find the estimated collection rate, the collector must first estimate the taxing unit's total debt collections from July 1 of the current year through June 30 of the next year. This estimate equals the total tax dollars that will be collected for current debt taxes, delinquent taxes, special appraisal rollback taxes (e.g. agriculture, etc.), penalties and interest. The anticipated collection rate of a taxing unit is a rate certified by the collector and can be no lower than the lowest actual collection rate of the taxing unit for any of the preceding three years and may even exceed 100%. The collector compares this amount to what the taxing unit plans to levy for paying debt service in the current fiscal year. Dividing the estimated collections by the required debt payments gives the estimated collection rate. For example, the collector projects the taxing unit will take in $950,000 in debt revenues before July 1 of nextyear. The taxing units budget calls for it to levy $1 million in debt service taxes for the currentyear. The anticipated collection rate is $950,000 divided by $1 million, or 95 percent. Using an anticipated collection rate of less than 100 percent in the calculations creates a higher debt levy than necessary to service the debt. Delinquent taxes from prior years may generate more than a 100 percent rate If the actual collection rate for 2020 exceeded the anticipated rate for that year, the collector must also certify the amount of debt taxes collected in excess of the anticipated rate. When calculating the debt rate for 2021, the rate must be adjusted to compensate for any excess debt collections in 2020. Your taxing unit's actual collection rates for the preceding three years are: 2020 99.29 2019 100.83 2018 99.67 Based on the data above, the estimated anticipated collection rate for your entity for tax year 2021 is 100% Your excess debt collection for the 2020 tax year is $57,445. If I may be of further assistance to you, please call me at (817) 884-1123 or email arice@tarrantcounty.com. Sincerely, Amelia Rice, PCC Director, Property Tax Office of Wendy Burgess, PCC, CTOP, PCAC, CSTA Tarrant County Tax Assessor -Collector