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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: September 11, 2006 <br /> <br />Appropriation <br /> <br />Requested By: Michael Dolby <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: Property Tax Comparison/Certification <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />On September 5, 2006, the City of La Porte received the Certified Appraisal Roll from the Harris County <br />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 2005 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 $1,924,480,110 and a total taxable value of <br />$1,546,206,563. <br /> <br />The amount of property tax revenue generated for the General Fund is $9,305,612. This is $1,218,599 <br />less than what was proposed based on the preliminary roll. An equivalent amount can be found in the <br />"supplemental property tax revenue" line item. <br /> <br />HeAD certified the property tax roll for 2006 at $1,546,206,563. This is 98% of the prior year. <br /> <br />Action Required bv Council: <br /> <br />Approve Resolution for acceptance of the appraisal roll. <br /> <br />Approved for City Council A2enda <br /> <br /> <br />q - 1)- t) G <br /> <br />Date <br />