HomeMy WebLinkAboutCity Council-Agenda Packets-Special Meeting-8/11/2015City of Colleyville Page 1
City of Colleyville
City Council
Special Meeting Agenda
City Hall
100 Main Street
Colleyville, Texas 76034
817.503.1000
www.colleyville.com
Tuesday, August 11, 2015
5:30 p.m.
City Council Chambers
Third Floor, City Hall
1.CALL TO ORDER
2.RESOLUTION(S): READING AND PUBLIC HEARING
2a Resolution R153894
Approval and adoption of the 2015 certified tax roll
2b Resolution R153895
Approval of a proposal to set the ad valorem tax rate for Fiscal Year
2016 at $.3559 per hundred dollars of valuation and schedule the
two required public hearings on the tax rate for August 25, 2015 and
September 1, 2015
3.ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Friday, August
7, 2015, by 5:00 p.m.
Amy Shelley, TRMC
City Secretary
Any matter on this agenda may, at the discretion of the governing body, be
opened for public comment and discussion.
If you plan to attend this public meeting and have a disability that requires special
accommodations, please advise the City Secretary at least 48 hours in advance at
817.503.1133, and reasonable accommodations will be made to assist you.
City of Colleyville Page 1
City of Colleyville
City Council
Special Meeting
Agenda Briefing
City Hall
100 Main Street
Colleyville, Texas 76034
www.colleyville.com
Agenda Number 2a Agenda Date 08/11/2015 Number Resolution R-15-3894
Type Resolution
Department City Manager
Title
Approval and adoption of the 2015 certified tax roll
Explanation
Reading and Public Hearing
On July 25, 2015, the Chief Appraiser of Tarrant Appraisal District certified
the 2015 tax roll to be levied on October 1, 2015 (Fiscal Year 2016), in the
amount of $4,106,312,095. This total excludes the value of properties currently
under appeal to the Appraisal Review Board and incomplete appraisals, in the
amount of $98,028,008 (minimum projected value). These two amounts total
$4,204,340,103 in projected assessed valuation, and are the totals that are used
to calculate the effective tax rate. Included in this total are new construction
values of $61,525,400. This represents a total increase of 2.76% over the
current year's valuation of $4,091,303,521, and the value of existing property on
the tax roll increased 1.26%. The value for properties located outside of the Tax
Increment Financing (TIF) district is $3,936,624,775. The incremental value for
properties located in the TIF district is $267,715,328 (TIF Zone #1 adopted in
1998 - $265,051,758 and TIF Zone #1A adopted in 2012 - $2,663,570).
Attached is the information received from Tarrant Appraisal District and the 2015
Effective and Rollback Tax Rate Calculation Worksheet. The calculated effective
tax rate is $.350960/$100 and the calculated debt rate is $.019660/$100.
Financial Impact
These are the taxable assessed values used to calculate the effective tax rate for
the Fiscal Year 2016 budget and will be used in the Fiscal Year 2016 ad valorem
tax revenue projections.
Recommendation
Approve
Attachments
1.2015 Certified tax roll
2.2015 Effective & Rollback Tax Rate Calculation Worksheet
3.Resolution R-15-3894
2015 Effective Tax Rate Worksheet
City of Colleyville
Date: 08/04/2015 09:08 AM
1. 2014 total taxable value. Enter the amount of 2014 taxable value on the 2014 tax roll
today. Include any adjustments since last year's certification; exclude Tax Code Section
25.25(d) one-third over-appraisal corrections from these adjustments. This total includes the
taxable value of homesteads with tax ceilings (will deduct in Line 2) and the captured value
for tax increment financing (will deduct taxes in Line 14).1
$4,094,452,042
2. 2014 tax ceilings. Counties, cities and junior college districts. Enter 2014 total taxable
value of homesteads with tax ceilings. These include the homesteads of homeowners age 65
or older or disabled. Other taxing units enter 0. If your taxing units adopted the tax ceiling
provision in 2014 or a prior year for homeowners age 65 or older or disabled, use this step.2
$604,102,001
3. Preliminary 2014 adjusted taxable value. Subtract Line 2 from Line 1.$3,490,350,041
4. 2014 total adopted tax rate.$0.355900/$100
5. 2014 taxable value lost because court appeals of ARB decisions reduced 2014
appraised value.
A. Original 2014 ARB Values.
B. 2014 values resulting from final court decisions.
C. 2014 value loss. Subtract B from A.3
$9,387,751
$8,545,324
$842,427
6. 2014 taxable value, adjusted for court-ordered reductions. Add Line 3 and Line 5C.$3,491,192,468
7. 2014 taxable value of property in territory the taxing unit deannexed after Jan. 1,
2014. Enter the 2014 value of property in deannexed territory.4 $0
8. 2014 taxable value lost because property first qualified for an exemption in 2015.
Note that lowering the amount or percentage of an existing exemption does not create a new
exemption or reduce taxable value. If the taxing unit increased an original exemption, use
the difference between the original exempted amount and the increased exempted amount.
Do not include value lost to freeport or goods-in-transit exemptions.
A. Absolute exemptions. Use 2014 market value:
B. Partial exemptions. 2015 exemption amount or 2015 percentage exemption times 2014
value:
C. Value loss. Add A and B.5
$11,679,375
$3,754,791
$15,434,166
9. 2014 taxable value lost because property first qualified for agricultural appraisal (1-
d or 1-d-1), timber appraisal, recreational/scenic appraisal or public access airport
special appraisal in 2015. Use only properties that qualified in 2015 for the first time; do
not use properties that qualified in 2014.
A. 2014 market value:
B. 2015 productivity or special appraised value:
$301,050
$367
C. Value loss. Subtract B from A.6 $300,683
10. Total adjustments for lost value. Add lines 7, 8C and 9C.$15,734,849
11. 2014 adjusted taxable value. Subtract Line 10 from Line 6.$3,475,457,619
12. Adjusted 2014 taxes. Multiply Line 4 by Line 11 and divide by $100.$12,369,153
13. Taxes refunded for years preceding tax year 2014. Enter the amount of taxes refunded
by the taxing unit for tax years preceding tax year 2014. Types of refunds include court
decisions, Tax Code Section 25.25(b) and (c) corrections and Tax Code Section 31.11
payment errors. Do not include refunds for tax year 2014. This line applies only to tax years
preceding tax year 2014.7
$7,225
14. Taxes in tax increment financing (TIF) for tax year 2014. Enter the amount of taxes
paid into the tax increment fund for a reinvestment zone as agreed by the taxing unit. If the
taxing unit has no 2015 captured appraised value in Line 16D, enter 0.8
$927,644
15. Adjusted 2014 taxes with refunds and TIF adjustment. Add Lines 12 and 13, subtract
Line 14.9 $11,448,734
16. Total 2015 taxable value on the 2015 certified appraisal roll today. This value
includes only certified values and includes the total taxable value of homesteads with tax
ceilings (will deduct in Line 18). These homesteads include homeowners age 65 or older or
disabled.10
A. Certified values:
B. Counties: Include railroad rolling stock values certified by the Comptroller's office:
C. Pollution control exemption: Deduct the value of property exempted for the current tax
year for the first time as pollution control property:
D. Tax increment financing: Deduct the 2015 captured appraised value of property taxable
by a taxing unit in a tax increment financing zone for which the 2015 taxes will be deposited
into the tax increment fund. Do not include any new property value that will be included in
Line 21 below.11
E. Total 2015 value. Add A and B, then subtract C and D.
$4,106,312,095
$0
$0
$260,644,772
$3,845,667,323
17. Total value of properties under protest or not included on certified appraisal roll.12
A. 2015 taxable value of properties under protest. The chief appraiser certifies a list of
properties still under ARB protest. The list shows the appraisal district's value and the
taxpayer's claimed value, if any, or an estimate of the value if the taxpayer wins. For each of
the properties under protest, use the lowest of these values. Enter the total value.13
B. 2015 value of properties not under protest or included on certified appraisal roll.
The chief appraiser gives taxing units a list of those taxable properties that the chief
appraiser knows about, but are not included in the appraisal roll certification. These
properties also are not on the list of properties that are still under protest. On this list of
properties, the chief appraiser includes the market value, appraised value and exemptions for
the preceding year and a reasonable estimate of the market value, appraised value and
exemptions for the current year. Use the lower market, appraised or taxable value (as
appropriate). Enter the total value.14
$34,794,906
$63,233,102
C. Total value under protest or not certified: Add A and B.$98,028,008
18. 2015 tax ceilings. Counties, cities and junior colleges enter 2015 total taxable value of
homesteads with tax ceilings. These include the homesteads of homeowners age 65 or older
or disabled. Other taxing units enter 0. If your taxing units adopted the tax ceiling provision
in 2014 or a prior year for homeowners age 65 or older or disabled, use this step.15
$620,057,555
19. 2015 total taxable value. Add Lines 16E and 17C. Subtract Line 18.$3,323,637,776
20. Total 2015 taxable value of properties in territory annexed after Jan. 1, 2014.
Include both real and personal property. Enter the 2015 value of property in territory
annexed.16
$0
21. Total 2015 taxable value of new improvements and new personal property located
in new improvements. New means the item was not on the appraisal roll in 2014. An
improvement is a building, structure, fixture or fence erected on or affixed to land. New
additions to existing improvements may be included if the appraised value can be
determined. New personal property in a new improvement must have been brought into the
taxing unit after Jan. 1, 2014, and be located in a new improvement. New improvements do
include property on which a tax abatement agreement has expired for 2015.17
$61,525,400
22. Total adjustments to the 2015 taxable value. Add Lines 20 and 21.$61,525,400
23. 2015 adjusted taxable value. Subtract Line 22 from Line 19.$3,262,112,376
24. 2015 effective tax rate. Divide Line 15 by Line 23 and multiply by $100.18 $0.350960/$100
25. COUNTIES ONLY. Add together the effective tax rates for each type of tax the county
levies. The total is the 2015 county effective tax rate.19
A county, city or hospital district that adopted the additional sales tax in November 2014 or in May 2015 must adjust its
effective tax rate. The Additional Sales Tax Rate Worksheet sets out this adjustment. Do not forget to complete the
Additional Sales Tax Rate Worksheet if the taxing unit adopted the additional sales tax on these dates.
1Tex. Tax Code Section 26.012(14)
2Tex. Tax Code Section 26.012(14)
3Tex. Tax Code Section 26.012(13)
4Tex. Tax Code Section 26.012(15)
5Tex. Tax Code Section 26.012(15)
6Tex. Tax Code Section 26.012(15)
7Tex. Tax Code Section 26.012(13)
8Tex. Tax Code Section 26.03(c)
9Tex. Tax Code Section 26.012(13)
10Tex. Tax Code Section 26.012(15)
11Tex. Tax Code Section 26.03(c)
12Tex. Tax Code Section 26.01(c)
13Tex. Tax Code Section 26.04 and 26.041
14Tex. Tax Code Section 26.04 and 26.041
15Tex. Tax Code Section 26.012(6)
16Tex. Tax Code Section 26.012(17)
17Tex. Tax Code Section 26.012(17)
18Tex. Tax Code Section 26.04(c)
19Tex. Tax Code Section 26.04(d)
2015 Rollback Tax Rate Worksheet
City of Colleyville
Date: 08/04/2015
26. 2014 maintenance and operations (M&O) tax rate.$0.334610/$100
27. 2014 adjusted taxable value. Enter the amount from Line 11.$3,475,457,619
28. 2014 M&O taxes.
A. Multiply Line 26 by Line 27 and divide by $100.
B. Cities, counties and hospital districts with additional sales tax: Amount of additional
sales tax collected and spent on M&O expenses in 2014. Enter amount from full year's sales
tax revenue spent for M&O in 2014 fiscal year, if any. Other taxing units enter 0. Counties
exclude any amount that was spent for economic development grants from the amount of
sales tax spent.
C. Counties: Enter the amount for the state criminal justice mandate. If second or later year,
the amount is for increased cost above last year's amount. Other taxing units enter 0.
D. Transferring function: If discontinuing all of a department, function or activity and
transferring it to another taxing unit by written contract, enter the amount spent by the taxing
unit discontinuing the function in the 12 months preceding the month of this calculation. If
the taxing unit did not operate this function for this 12-month period, use the amount spent
in the last full fiscal year in which the taxing unit operated the function. The taxing unit
discontinuing the function will subtract this amount in H below. The taxing unit receiving
the function will add this amount in H below. Other taxing units enter 0.
E. Taxes refunded for years preceding tax year 2014: Enter the amount of M&O taxes
refunded in the preceding year for taxes before that year. Types of refunds include court
decisions, Tax Code Section 25.25(b) and (c) corrections and Tax Code Section 31.11
payment errors. Do not include refunds for tax year 2014. This line applies only to tax years
preceding tax year 2014.
F. Enhanced indigent health care expenditures: Enter the increased amount for the
current year's enhanced indigent health care expenditures above the preceding tax year's
enhanced indigent health care expenditures, less any state assistance.
G. Taxes in TIF: Enter the amount of taxes paid into the tax increment fund for a
reinvestment zone as agreed by the taxing unit. If the taxing unit has no 2015 captured
appraised value in Line 16D, enter 0.
H. Adjusted M&O Taxes. Add A, B, C, E and F. For unit with D, subtract if discontinuing
function and add if receiving function. Subtract G.
$11,629,228
$0
$0
$0
$6,793
$0
$872,152
$10,763,869
29. 2015 adjusted taxable value. Enter Line 23 from the Effective Tax Rate Worksheet.$3,262,112,376
30. 2015 effective maintenance and operations rate. Divide Line 28H by Line 29 and
multiply by $100.$0.329966/$100
31. 2015 rollback maintenance and operation rate. Multiply Line 30 by 1.08.$0.356363/$100
32. Total 2015 debt to be paid with property taxes and additional sales tax revenue.
"Debt" means the interest and principal that will be paid on debts that:
(1) are paid by property taxes,
(2) are secured by property taxes,
(3) are scheduled for payment over a period longer than one year and
(4) are not classified in the taxing unit's budget as M&O expenses.
A. Debt also includes contractual payments to other taxing units that have incurred debts on
behalf of this taxing unit, if those debts meet the four conditions above. Include only
amounts that will be paid from property tax revenue. Do not include appraisal district budget
payments. List the debt in Schedule B: Debt Service.
B. Subtract unencumbered fund amount used to reduce total debt.
C. Subtract amount paid from other resources.
D. Adjusted debt. Subtract B and C from A.
$1,461,593
$0
$808,159
$653,434
33. Certified 2014 excess debt collections. Enter the amount certified by the collector.$0
34. Adjusted 2015 debt. Subtract Line 33 from Line 32D.$653,434
35. Certified 2015 anticipated collection rate. Enter the rate certified by the collector. If
the rate is 100 percent or greater, enter 100 percent.100.00%
36. 2015 debt adjusted for collections. Divide Line 34 by Line 35 $653,434
37. 2015 total taxable value. Enter the amount on Line 19.$3,323,637,776
38. 2015 debt tax rate. Divide Line 36 by Line 37 and multiply by $100.$0.019660/$100
39. 2015 rollback tax rate. Add Lines 31 and 38.$0.376023/$100
40. COUNTIES ONLY. Add together the rollback tax rates for each type of tax the county
levies. The total is the 2015 county rollback tax rate.
A taxing unit that adopted the additional sales tax must complete the lines for the Additional Sales Tax Rate. A taxing
unit seeking additional rollback protection for pollution control expenses completes the Additional Rollback Protection
for Pollution Control.
RESOLUTION R-15-3894
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEYVILLE,
TEXAS, APPROVING AND ADOPTING THE 2015 CERTIFIED TAX ROLL
WHEREAS,the Chief Appraiser of Tarrant Appraisal District certified
the 2015 tax roll to be levied on October 1, 2015 (Fiscal Year
2016), in the amount of $4,106,312,095; and
WHEREAS,the Colleyville City Council has reviewed the 2015 tax roll.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT the City Council does hereby approve and adopt the 2015
certified tax roll.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF _____ AYES, _____ NAYS AND _____
ABSTENTIONS ON THIS THE 11TH DAY OF AUGUST 2015.
ATTEST:CITY OF COLLEYVILLE
Amy Shelley, TRMC David Kelly
City Secretary Mayor
City of Colleyville Page 1
City of Colleyville
City Council
Special Meeting
Agenda Briefing
City Hall
100 Main Street
Colleyville, Texas 76034
www.colleyville.com
Agenda Number 2b Agenda Date 08/11/2015 Number Resolution R-15-3895
Type Resolution
Department City Manager
Title
Approval of a proposal to set the ad valorem tax rate for Fiscal Year 2016 at
$.3559 per hundred dollars of valuation and schedule the two required public
hearings on the tax rate for August 25, 2015 and September 1, 2015
Explanation
Reading and Public Hearing
Chapter 26, Texas Property Tax Code, requires taxing units to comply with
"Truth-in-Taxation" laws in setting tax rates and performing an effective tax rate
calculation. The calculated Fiscal Year 2016 (FY 2016) effective tax rate is
$.350960/$100. As the current and proposed rate of $.3559/$100 is higher than
the effective tax rate, legislation requires that a city take several actions in
order to be in compliance with Chapter 26 of the Texas Property Tax Code. The
city must publish the attached "Notice of 2015 Tax Year Proposed Property Tax
Rate for the City of Colleyville". This notice is scheduled to be published on
Thursday, August 13, 2015 in the Fort Worth Star-Telegram. The city must also
hold two public hearings on the tax rate, which are proposed for Tuesday,
August 25, 2015 at 6:00 p.m. and Tuesday, September 1, 2015 at 7:30 p.m.,
both at 100 Main Street, Colleyville, Texas. The public hearing on August 25,
2015 will be at a City Council Special Meeting; the public hearing on September
1, 2015 will be during the regular City Council meeting.
In order that the citizens of Colleyville be informed of the proposed FY 2016 tax
rate and the dates of the two public hearings on the tax rate, Resolution R-15-
3895 reflects the City Council's intention to adopt the current tax rate of $.3559
per hundred dollars of valuation, utilizing the July 25, 2015 certified tax roll as
the basis for the proposed tax rate, as well as the public hearing dates. Formal
City Council action stating the proposed FY 2016 tax rate is required in order to
have the information necessary to publish the Notice of 2015 Tax Year Proposed
Property Tax Rate for the City of Colleyville, as required by Section 140.010 of
the Local Government Code.
Additionally, the FY 2016 proposed tax rate remains at $.3559 per hundred
dollars of valuation for the 9th consecutive year. The average residential value
for FY 2015 was $421,497, and the average residential value for FY 2016 is
$423,650. The increase in average residential property value between FY 2015
and FY 2016 was primarily driven by higher values for new residential
City Council Agenda Briefing 2b
City of Colleyville Page 2
construction, as in many cases, the value of new homes constructed during the
assessment period was greater than $400,000. This equates to an average
annual property tax increase of $7.66, or an adjustment of $0.02 per day to
support City services. If the taxable valuation for a residence did not increase
from FY 2015, there is no corresponding increase in taxes paid, as there is no
proposed tax rate increase in FY 2016.
As a point of reference, the effective tax rate calculation sets the interest and
sinking rate (Debt Service Fund rate) at $.019660/$100. The remainder of the
tax rate of $.336240/$100 will be allocated to operations and maintenance
(General Fund rate). The ordinance adopting the FY 2016 tax rate will reflect
these rates, as required by the effective tax rate calculation. The tax rate is
scheduled for adoption at the September 15, 2015 regular City Council meeting.
Financial Impact
Notice of intent to adopt a FY 2016 tax rate of $.3559 per hundred dollars of
valuation, as that is the tax rate upon which the FY 2016 ad valorem tax levy will
be calculated.
Recommendation
Approve
Attachments
1.Notice of 2015 Tax Year Proposed Property Tax Rate for the City of
Colleyville
2.Resolution R-15-3895
NOTICE OF 2015 TAX YEAR PROPOSED
PROPERTY TAX RATE FOR CITY OF
COLLEYVILLE
A tax rate of $0.355900 per $100 valuation has been proposed for adoption by the governing body of
City of Colleyville. This rate exceeds the lower of the effective or rollback tax rate, and state law
requires that two public hearings be held by the governing body before adopting the proposed tax
rate.
PROPOSED TAX RATE $0.355900 per $100
PRECEDING YEAR'S TAX RATE $0.355900 per $100
EFFECTIVE TAX RATE $0.350960 per $100
ROLLBACK TAX RATE $0.376023 per $100
The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for
City of Colleyville from the same properties in both the 2014 tax year and the 2015 tax year.
The rollback tax rate is the highest tax rate that City of Colleyville may adopt before voters are
entitled to petition for an election to limit the rate that may be approved to the rollback rate.
YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS
FOLLOWS:
property tax amount= (rate) x (taxable value of your property)/100
For assistance or detailed information about tax calculations, please contact:
Colette Ballinger
City of Colleyville Tax Assessor-Collector
100 Main Street, Colleyville, TX 76034
817-481-1242
colette.ballinger@gcisd.net
www.colleyville.com
You are urged to attend and express your views at the following public hearings on the proposed tax
rate:
First Hearing: August 25, 2015 at 6:00 PM at City Hall, 100 Main Street, Colleyville, Texas 76034.
Second Hearing: September 1, 2015 at 7:30 PM at City Hall, 100 Main Street, Colleyville, Texas
76034.
RESOLUTION R-15-3895
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEYVILLE,
TEXAS PASSED PURSUANT TO SECTION 26.04 AND 26.05, OF THE
PROPERTY TAX CODE OF THE STATE OF TEXAS, APPROVING A
PROPOSAL OF THE INTENT TO SET PROPERTY TAX RATES AT THIRTY
FIVE AND FIFTY-NINE HUNDREDTHS CENTS ($.3559) PER ONE
HUNDRED DOLLARS VALUATION FOR FISCAL YEAR 2016; AND
PROVIDING FOR AN EFFECTIVE DATE
WHEREAS,the Tax Assessor/Collector for the City of Colleyville, Texas (the
"City"), has calculated the amount of the effective tax rate and
the rollback tax rate pursuant to Section 26.04(c) of the Property
Tax Code of the State of Texas (the "Property Tax Code"); and
WHEREAS,pursuant to Section 26.04(e) of the Property Tax Code, the said
tax rates have been submitted to the City Council; and
WHEREAS, it appears necessary to adopt a tax rate of thirty five and fifty-
nine hundredths cents (.3559) per one hundred dollars of
valuation and the proposed tax rate is unchanged from Fiscal
Year 2015.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT the City Council does hereby, by the approval of this
resolution, state its intention to adopt a tax rate for Fiscal Year
2016 of thirty five and fifty-nine hundredths cents (.3559) per
one hundred dollars of valuation. The Fiscal Year 2016 tax rate
will be adopted at the City Council meeting to be held on
September 15, 2015.
Sec. 2.THAT the 2015 tax roll as certified on July 25, 2015 by the Chief
Appraiser of Tarrant Appraisal District is adopted and is the basis
for the Fiscal Year 2016 proposed tax rate.
Sec. 3.THAT pursuant to Section 26.05(d) of the Property Tax Code,
the two public hearings on the tax rate will be held on August
25, 2015 at 6 p.m. and September 1, 2015 at 7:30 p.m. at 100
Main Street, Colleyville, Texas.
Sec. 4.THAT this resolution shall take effect from and after the date of
its passage.
Resolution R-15-3895
Page 2 of 2
AND IT IS SO RESOLVED.
APPROVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS, THIS
THE 11TH DAY OF AUGUST 2015, BY THE FOLLOWING RECORD VOTE:
David Kelly _____Carol Wollin _____
Chuck Mogged _____Chris Putnam _____
Jody Short _____Nancy Coplen _____
Mike Taylor _____
ATTEST:CITY OF COLLEYVILLE
Amy Shelley, TRMC David Kelly
City Secretary Mayor