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07 - Tax Appraisal Roll 2020Item No. 7 r TO: Mayor & City Council Grayson Path, City Manager FROM: Gene Anderson, Finance Director SUBJECT: 2020 APPRAISAL ROLL DATE: August 10, 2020 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 27, 2020 from the Lamar County Appraisal District. It is being presented to the Council on August 10, 2020 for information purposes. BUDGET: N/A RECOMMENDATION: No formal action is required. CERTIFICATION OF THE 2020 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 2020 appraisal roll for the City of Paris, Texas. Total Market Value Total Assessed Value Total Taxable Value Freeze Adjusted Taxable Frozen Tax Amount Total Taxable Value On New Property Average Home Value Certified Roll Certified Roll Change 2019 2020 $ 2,618,683,125 $ 2,751,269,433 $ 132,586,308 $ 2,591,016,300 $ 2,625,416,576 $ 34,400,276 $ 1,794,161,289 $ 1,876,141,460 $ 81,980,171 $ 1,654,553,439 $ 1,722,359,921 $ 67,806,482 $ 580,381 $ 577,579 $ (2,802) $ 6,856,890 $ 12,316,090 $ 5,459,200 $ 87,289 $ 97,102 $ 9,813 Estimated Collection Rate 100%