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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Oa" Requested, September 2~ <br />Requested By: Michael Dolby, CPA <br /> <br />Appropriation <br /> <br />Source of Funds: N/A <br /> <br />Department: Finance <br /> <br />Account Number: N/A <br /> <br />Report: <br /> <br />Resolution: XX Ordinance: <br /> <br />Amount Budgeted: N/A <br /> <br />Exhibits: Certification from HCAD <br /> <br />Amount Requested: N/A <br /> <br />Exhibits: New Construction Report <br /> <br />Budgeted Item: YES NO <br /> <br />Exhibits: <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />On September 12, 2007, the City of La Porte received the Certified Appraisal Roll from the Harris <br />County Appraisal District. <br /> <br />Section 26.04 of the State Property Tax Code requires the submission of the Appraisal Roll to the <br />Governing Body. <br /> <br />The 2007 Certified Tax Roll for the City of La Porte, as received from the Harris County Appraisal <br />District (HCAD), shows a total appraised value of $2,019,627,791 and a total taxable value of <br />$1,633,072,289. <br /> <br />The budget was based on certified to date values as of 5/18/07, which showed a total taxable value of <br />$1,788,617,086. The preliminary roll received in May showed a total taxable value of$I,664,966,752. <br />The certified roll is 1.9% less than the preliminary roll and 9.5% less than the certified to date roll which <br />was used to build the budget. <br /> <br />Action Required bv Council: <br /> <br />Approve Resolution for acceptance of the appraisal roll. <br /> <br />Approved for City Council A!!enda <br /> <br /> <br />9/;'t~7 <br />Date ( I <br />