Page 277 - GrapevineFY24 Adopted Budget

RESOLUTION NO. 2023- 012

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, APPROVING THE TAX ROLLS FOR
TAX YEAR 2023 ON PROPERTY WITHIN THE CITY; AND
PROVIDING AN EFFECTIVE DATE

WHEREAS, on or by July 25, 2023, the Chief Appraisers of the Tarrant, Dallas and
Denton Appraisal Districts approved and provided to the Grapevine City Council the Tax
Rolls for 2023 with a total appraised value of $ 18, 358, 970, 194 and having a net taxable
value of $ 12, 097, 624, 015; and

WHEREAS, all legal prerequisites for the adoption of this resolution have been met,
including but not limited to the Local Government Code and the Open Meetings Act; and

WHEREAS, the City Council hereby declares that the approval of this resolution is in
the best interests of the health, safety, and welfare of the public.

NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, 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 2023 for the City of
Grapevine, Texas be and hereby approved in the amount of $ 18, 358, 970, 194 for total
appraised value.

Section 3. That the certified net taxable value ( total appraised value less
exemptions) of $12, 097, 624,015 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 $ 275, 031, 937 has been assigned to this

property while a minimum value $ 113,296, 038 in properties not on the rolls has also been
assigned for tax rate calculation purposes.

Section 5. That the certified values also include a taxable value of $935, 989, 130
associated with over 65/disabled properties for which the City implemented a tax freeze on
the amounts paid by those qualifying properties

Section 6. That this resolution shall take effect from and after the date of its
passage.

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