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08 - 2018 Tax Appraisal RollItem No. 8 TO: City Council John Godwin, City Manager FROM: Gene Anderson, Finance Director SUBJECT: 2018 APPRAISAL ROLL DATE: July 26, 2018 BACKGROUND: Article 26.04 of the Texas Property Tax Code requires the assessor for a taxing unit to submit to the governing body the entity's appraisal roll showing the total appraised (market), assessed, and taxable values of all property and the total taxable value of any new property. It also requires the taxing unit's collector to certify an estimate of the collection rate. This collection rate is based current tax roll collections plus all delinquent tax collections including related penalties and interest. STATUS OF ISSUE: The appraisal roll was received on July 20, 2018 from the Lamar County Appraisal District. It is being presented to the Council on August 13, 2018 for information purposes. BUDGET: N/A RECOMMENDATION: No formal action is required. CERTIFICATION OF THE 2018 APPRAISAL ROLL FOR THE CITY OF PARIS, TEXAS I, Gene Anderson, Tax Assessor for the City of Paris, in accordance with Article 26.04 of the Texas Property Tax Code do solemnly swear that the following constitutes the 2018 appraisal roll for the City of Paris, Texas. Certified Roll Certified Roll Change 2018 2017 Total Market Value $ 2,555,772,131 $ 2,497,286,785 $ 58,485,346 Total Assessed Value $ 2,532,606,440 $ 2,471,498,479 $ 61,107,961 Total Taxable Value $ 1,732,236,641 $ 1,681,747,299 $ 50,489,342 Freeze Adjusted Taxable $ 1,607,003,070 $ 1,556,621,932 $ 50,381,138 Frozen Tax Amount $ 559,594 $ 552,237 $ 7,357 Total Taxable Value On New Property $ 10,152,140 $ 10,100,920 $ 51,220 Average Home Value $ 80,333 $ 78,506 $ 1,827 Estimated Collection Rate: 100%