Title
Report on certified tax roll, certified estimate of collection rate, certified excess debt collections, and no-new revenue tax rate and voter-approval rate calculations (Assistant City Manager - CFO)
Background:
This item is for information only and is required by Section 26.04 of the Property Tax Code. No action is required.
The tax assessor shall submit the appraisal roll for the unit showing the total appraised, assessed, and taxable values of all property and the total taxable value of new property to the governing body. The assessor shall certify an estimate of the collection rate for the current year and the amount of debt taxes collected in excess of the anticipated amount in the preceding year. The assessor shall also submit the no-new-revenue tax rate and voter-approval rate calculations to the governing body. These calculations are required to be published in the newspaper as well. That publication will appear in the Galveston County Daily News on Tuesday, September 4, 2025.
The Galveston County Tax Assessor-Collector serves as the City's Tax Assessor-Collector and works with the Assistant City Manager - CFO in preparing the calculation of the no-new-revenue tax rate and voter-approval rate using the taxable value information provided by the Galveston Central Appraisal District and Harris County Appraisal District.
2025 Estimated Certified Assessed Value (Galveston Co) $18,163,438,858
2025 Estimated Certified Taxable Value (Gal & Harris Co) $12,704,749,287
2025 Taxable Value Under ARB Review (Galveston Co) $576,729,427
2025 Total Taxable Value Including ARB Review $13,281,478,714
2024 Certified Assessed Value (Galveston Co) $17,318,194,263
2024 Certified Taxable Value (Gal & Harris Co) $13,069,675,971
2024 Taxable Value Under ARB Review (Gal & Harris Co) $864,977,408
2024 Total Taxable Value Including ARB Review $13,934,653,379
2024 Total Taxable Value Including ARB Review (at certification) $13,934,653,379
2024 Total Taxable Value at last supplement $13,369,735,813
2025 New Property Taxable Value $325,540,611
2024 New Property Taxable Value $213,577,178
2025 Anticipated Collection Rate 98.86%
2024 Excess Debt Collections $0
The 2025 Certified Tax Roll including the property under ARB review has a taxable value of $13,281,478,714. This is a 4.7% decrease over the 2024 Roll at time of certification. The 2025 taxable value of new property is $325,540,611. This is an increase of 52% when compared to last year's new property values of $213,577,178.
The Galveston County Tax Assessor/Collector certified the estimated collection rate for 2025 as 98.86% and the excess debt collections is $0 for the period July 1, 2024 through June 30, 2025.
The Voter-Approval Rate is $0.464192. If the Council proposes a rate that exceeds the voter-approval rate, the budget and tax rate must be adopted by August 18th and the Council must call for an election on the November uniform election date.
This information is provided as advisory only under State law.
Attachments:
1. 2024/2025 Certified Roll Valuations
2. Estimated Certified values from GCAD Chief Appraiser
3. Estimated values from HCAD Chief Appraiser
4. GCAD New Property Values
FUNDING
{X} NOT APPLICABLE
STRATEGIC PLANNING
{X} NOT APPLICABLE