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Preliminary assessed values point to higher certified values; council cautioned that protests and exemptions can change the tax base
Summary
Staff presented preliminary assessed-value numbers that point to an estimated ~5.8% increase over 2025 certified values; council was reminded the July 25 certification and later supplements or protests can reduce taxable values and affect the tax rate calculation under the 3.499% revenue limit.
Coppell — At the finance strategy session, city staff presented preliminary assessed-valuation figures and outlined how those numbers interact with the council’s revenue cap assumptions. Tian Kim told the council the July 8 preliminary numbers show changes from earlier estimates, and she warned values remain preliminary until appraisal districts certify on July 25.
Kim summarized current assumptions: the city is budgeting property‑tax revenue by allowing a 3.499% increase in revenue (per council direction), while assessed values are treated separately and will determine the tax rate needed to generate that revenue. Staff showed a scenario where certified values could be roughly 5.8% higher than 2025 certified values, driven largely by reappraisals; at the same time, business personal‑property assessments are nearly flat after the recent state exemption changes.
Council members asked how protests, supplements and pending lawsuits can affect the calculation. Kim said appraisal-district supplements — and longer-running protests or lawsuits — frequently reduce taxable values after initial certification, which can make year‑end receipts lower than budgeted even when the budget was set on certified values. To provide forward-facing flexibility, staff had earlier proposed an assigned line in fund balance as a contingency for post-certification reductions.
The council was reminded of the timetable: appraisal districts certify values by July 25, counties post rates by the end of the month, and the city must publish and advertise proposed tax-rate materials ahead of public hearings in August. Kim said staff will return with the tax-rate calculation and an updated revenue estimate when certified values arrive.
