Title
Report on certified tax roll, certified estimate of collection rate, certified excess debt collections, and effective tax rate and rollback rate calculations (Assistant City Manager)
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 effective tax rate and rollback 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 September 14, 2017.
The Galveston County Tax Assessor-Collector serves as the City's Tax Assessor-Collector and works with the Finance Department in preparing the calculation of the effective tax rate and rollback rate using the taxable value information provided by the Galveston Central Appraisal District and Harris County Appraisal District.
2017 Certified Assessed Value (Gal & Harris Co) $9,525,874,946
2017 Certified Taxable Value (Gal & Harris Co) $7,389,381,304
2017 Taxable Value Under ARB Review (Gal & Harris Co) $ 492,589,602
2017 Total Taxable Value Including ARB Review $7,881,970,906
2016 Total Taxable Value Including ARB Review (at certification) $7,155,494,844
2016 Total Taxable Value at last supplement $7,133,527,079
2017 New Property Taxable Value $237,333,672
2016 New Property Taxable Value $264,694,333
2016 Anticipated Collection Rate 100%
2016 Excess Debt Collections $0
Effective Tax Rate $0.54961
Rollback Rate $0....
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