Page 55 - FY2020Colleyville

AD VALOREM TAXES
General Fund Property Tax
General Fund Property Tax
Revenue
The 2019 certified value provided by Revenue
Tarrant Appraisal District is $16,000,000
$16,000,000
$5,839,829,017 (a 7% increase over $14,000,000
$14,000,000
2018 current valuation). $107,370,304 of $12,000,000
$12,000,000
the increase is from new construction. The $10,000,000
$10,000,000
total taxable value includes TIF zone $8,000,000
$8,000,000
property, which has a combined taxable $6,000,000
$6,000,000
value increment of $438,771,640. The $4,000,000
final TIF value is subject to change, as $2,000,000
$4,000,000
valuation is still under appeal. The tax $2,000,000
$0
rate of $0.306807 is allocated $0.290428 $0 FY FY FY FY FY FY FY FY FY FY
to O&M (General Fund) and $0.016379 to 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19
debt (Debt Service Fund).

FRANCHISE FEES
Franchise Fee Revenue
Franchise fees were estimated based $2,400,000 Franchise Fee Revenue
upon historical and industry trends. For $2,400,000
$2,300,000
FY 2020; however, the City significantly $2,300,000
reduced the estimate for cable t.v. due to $2,200,000
legislation passed by the Texas $2,200,000
$2,100,000
Legislature in the 86 th Legislative $2,100,000
$2,000,000
Session. This legislation, HB3535, altered
$1,900,000
the way telecommunications companies $2,000,000
$1,800,000
calculate payment owed to cities for use $1,900,000
of rights-of-way. Cities across Texas will $1,700,000
see a decline in franchise fee revenue. $1,800,000 FY FY FY FY FY FY FY FY FY FY
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19

SALES TAX
Sales Tax Revenue
Sales Tax Revenue
Sales tax for FY 2020 was budgeted to $4,500,000
$4,500,000
remain flat compared to FY 2019. FY2019 $4,000,000
$4,000,000
sales tax collections were slightly above $3,500,000
budget. The City anticipates sales tax to $3,500,000
$3,000,000
remain stable while SH26, the main $3,000,000
$2,500,000
commercial corridor, nears completion. $2,500,000
$2,000,000
The road project is expected to conclude $2,000,000
late 2019. $1,500,000
$1,500,000
$1,000,000
$500,000
$1,000,000
$500,000 $0
FY
FY
FY
FY
FY
FY
FY
FY
FY
FY
$0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19

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