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Acceptance of the 2018 Certified Tax Rolls in Accordance with Section 26.04(b) of the State Property Tax Code.
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ADMINISTRATIVE COMMENTS:
The 2018 Certified Tax Rolls from Denton and Dallas Appraisal Districts are comprised of the recorded combined total market value for all property of $12,558,212,720; an assessed value of $12,417,128,811; and a total taxable value of $10,452,083,380. TIF Zone Number 1 taxable value is $214,892,453. TIF Zone Number 2 taxable value is $138,610,068. New construction included in the total roll is $159,153,172.
RECOMMENDATION:
That the City Council accept the 2018 Certified Tax Rolls in accordance with Section 26-04(b) of the State Property Tax Code.