16-63 - R TOWN OF PROSPER, TEXAS RESOLUTION NO. 16-63
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS,
ACCEPTING AND APPROVING THE 2016 TAX ROLL; RESOLVING OTHER MATTERS
RELATING TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, Section 26.09(e) of the Texas Property Tax Code requires the Town Council to
approve the Tax Roll; and
WHEREAS, the Town received notification from the Collin County Tax Assessor Collector as to
the Tax Roll jurisdiction (for properties located in the Town's corporate limits in both Collin County and
Denton County) summary as of October 1, 2016, and
WHEREAS, a summary statement of said 2016 Tax Roll is attached hereto as Exhibit A.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
All matters stated in the preamble of this Resolution are true and correct and are hereby
incorporated into the body of this Resolution as if copied in their entirety.
SECTION 2
The Town Council of the Town of Prosper, Texas, does hereby accept and approve the 2016
Tax Roll as submitted by the Collin County Tax Assessor Collector.
SECTION 3
The attached Exhibit A constitutes the official Town of Prosper 2016 Tax Roll, containing a tax
levy of$13,689,920.03.
SECTION 4
This Resolution is effective on the date of passage by the Town Council.
DULY PASSED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, ON THIS 26 aI Y $ 2016.
* * = Ray Smith, Mayor
<ATT
Robyn Ba e, Town S ,, A
11 !111
APPROVED AS TO FORM AND LEGALITY:
Terrence S. W l h, Town Attorney
Run Date: September 28,2016 Collin County Tax Office §dof 107
2016 TAX ROLL SUMMARY 05- PROSPER CITY
Amount Count
NUMBER OF ACCOUNTS 8,159
MARKET VALUES
ROLLCODE: MOBILE HOME
Improvement $112,619
ROLLCODE:PERSONAL
Personal $85,217,742
ROLLCODE: REAL
Agriculture $749,812,797
Improvement $1,730,416,079
Improvement Non-Home Site $333,624,192
Land $612,138,845
Land Ag Land $1,226,391
Land Non-Home Site $414,697,363
TOTAL MARKET VALUE $3,927,246,028
DEFERRALS
Ag $749,812,797 292
TOTAL DEFERRALS $749,812,797
EXEMPTIONS
Absolute Exemption,XG,XG $75,353 2
Cap Adjustment,XT,XT $34,786,885 1,506
Disabled $148,259 53
Disabled Veteran $13,209,369 103
Homestead $135,157,489 4,057
Miscellaneous,XV,XV $332,419,234 323
Nominal Value $6,265 25
Other,XF,XH,XU,XF,XH,XU,XF,XH,XU $74,220 1
Over 65 $5,884,100 596
Pollution Control $2,702,722 5
Private Schools,XJ ,XJ $250,000 1
TOTAL EXEMPTIONS $524,713,896
GRAND TOTAL FOR DEFERRALS AND EXEMPTIONS $1,274,526,693
TOTAL MARKET VALUE $3,927,246,028
TAXABLE VALUE $2,652,719,335
TAX RATE 0.52
ROLLCODE: MOBILE HOME
Levy $528.95 24
ROLLCODE: PERSONAL
Levy $433,723.63 458
ROLLCODE: REAL
Levy $13,255,667.45 7,677
TOTAL LEVY $13,689,920.03
LEVY LOST DUE TO FROZEN $104,220.61
OTHER LOST LEVY $0.00
TOTAL LOST LEVY $104,220.61
TaxRollSummary.rpt Revised September 28,2016 Item 5d, Exhibit A-Page 1
Run Date: September 28,2016 Collin County Tax Office PNSR gdof 107
2016 TAX ROLL SUMMARY 05- PROSPER CITY
Calculation Analysis
Calc Levy - Tax Amount Diff. Market Value Exemption Taxable Value
Frozen 1,005,635.15 901,414.54 104,220.61 230,966,573 37,575,206 193,391,367
DV100(Excl.Frozen) 3,156.41 3,158.41 0.00 8,530,663 7,685,623 845,040
Prorated(Excl.Frozen 0.00 0.00 0.00 0 0 0
Other 12,785,347.08 12,785,347.08 0.00 3,687,748,792 1,229,265,864 2,458,482,928
Total 13,794,140.64 13,689,920.03 104,220.,61 3,927,246,028 1,274,526,693 2,652,719,335
DV100(Incl.Frozen) 0.00 0.00 0.00 5,037,620 4,908,246 129,374
Prorated(Incl.Frozen 0.00 0.00 0.00 0 0 0
TaxRollSummary.rpt Revised September 28,2016 Item 5d, Exhibit A-Page 2