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RES 2025-13 Accepting the Appraisal Rolls TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. 2025-13 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, ACCEPTING THE 2025 APPRAISAL ROLL; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Denton Central Appraisal District (DCAD) and the Tarrant Appraisal District (TAD) prepare the certified appraisal rolls and rolls under protest of the taxable property in the Town of Trophy Club, Texas (Town); and WHEREAS, the Town uses the certified appraisal rolls and rolls under protest received from the DCAD and TAD to calculate the tax rate and voter-approval tax rate applicable to taxable property in the Town; and WHEREAS, the certification of the 2025 Appraisal Rolls by the DCAD and TAD Chief Appraisers are attached hereto as Exhibit "A" and "B"; and WHEREAS, upon review of the Certified Appraisal Rolls of DCAD and TAD and all matters attendant and related thereto, the Town Council finds that the Certified Appraisal Rolls of DCAD and TAD should be approved and adopted. NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: SECTION 1. The facts and recitals set forth in the preamble of this resolution are hereby found to be true and correct. SECTION 2. That the Town Council of Trophy Club, Texas, hereby approves the 2025 appraisal roll of the Town based on the certified appraisal rolls and rolls under protest as approved by the Appraisal Review Boards of the DCAD and the TAD. SECTION 3. That this resolution shall become effective from and after its date of passage. PASSED AND APPROVED THIS THE 11th DAY QF , . - ST 2025. 4 e ,'eann; tIe ►i ' ny, y:yor ATTEST: II ROp . o yam,, _ _ sue_ /A � o. Tammy Dixon, To yb Secr-'ary ' ® 4 , ,-- co APPROVED T AS FORM: ` 0,, , -, Tow tto �Y __, EXHIB ►025-13 • 'pN �FH Denton Central Appraisal District k (940) 349-3800 3911 Morse Street 4 4 Denton, TX 76208 www.dentoncad.com ItsA L Dt� .•: July 22, 2025 Denton County Taxing Entities: The Denton County Appraisal Review Board approved the 2025 appraisal records on July 18, 2025, in accordance with Section 41.12 of the Texas Property Tax Code (TPTC). This letter serves to offer the certified appraisal roll to the taxing entities of Denton County for the 2025 tax year, in accordance with 26.01 of the TPTC. I am pleased to inform you that 99.9% of appraised value is certified with only .1% left under review. You can view the certified totals reports on the entity portal at entities.dentoncad.com in the 2025 - Certified Data All Entities- Certified folder. The following reports are currently available: • 2025 Certified Totals Report • 2025 Certified Tax Limitation (Freeze) Totals • Top Taxpayer Report (now included in the Certified Totals Reports- Last Page for each entity) • Average Residence Value (included on No-New-Revenue Tax Rate Assumption page for each entity) • 2024 Last Supplement • Litigation Value Loss Report (will work to have these available by the end of the week) • Value Remaining in Dispute—Chapter 42 (Litigation- will work to have these available by the end of the week) If your entity requires the certified appraisal roll data extract files, please email entityrequests@dentoncad.com to request access. These files will not be posted directly to the portal as part of our ongoing efforts to enhance cyber security and protect confidential data. Please also use that address for any custom report or special extract requests. Increased Homestead and 065/Disable Persons Exemptions Legislative Requirements—Senate Bills 4 & 23 Senate Bill 4 and Senate Bill 23, which were signed into law this year, and pending voter approval in November, are requiring appraisal districts to generate provisional rolls after certification to reflect the newly approved property tax exemptions. EXHIBIT "A" to Resolution 2025-13 This week, we will prepare and post the following provisional rolls: 1. A roll reflecting the new homestead exemption increase under SB 4. These totals will be Roll Correction #1 to the 2025 Appraisal Roll and will be in the Roll Correction #1 Folder on the entity portal under the 2025 certification data. 2. A roll applying the expanded Over-65/Disabled exemption under SB 23. These totals will be Roll Correction #2 to the 2025 Appraisal Roll and will be in the Roll Correction #2 Folder on the entity portal under the 2025 certification data. 3. A combined roll incorporating both provisions. These totals will be Roll Correction #3 to the 2025 Appraisal Roll and will be in the Roll Correction #3 Folder on the entity portal under the 2025 certification data. We appreciate your patience and collaboration as we navigate these significant legislative updates. On behalf of the Denton CAD Board of Directors and our staff, thank you for your continued partnership and support. With appreciation, Don Spencer Chief Appraiser Denton Central Appraisal District 2025 Certification Totals TROPHY CLUB TOWN OF DENTON CAD C28 EXHIBIT"A"to Resolution 2025-13 As of Roll # 0 NOT UNDER REVIEW UNDER REVIEW TOTAL REAL PROPERTY & MFT HOMES (Count) (4,655) (Count) (4) (Count) (4,659) Land HS Value 807,630,166 810,066 808,440,232 Land NHS Value 122,656,349 0 122,656,349 Land Ag Market Value 1,702,130 0 1,702,130 Land Timber Market Value 0 0 0 Total Land Value 931,988,645 810,066 932,798,711 Improvement HS Value 2,529,954,600 2,927,322 2,532,881,922 Improvement NHS Value 217,753,190 0 217,753,190 Total Improvement 2,747,707,790 2,927,322 2,750,635,112 Market Value 3,679,696,435 3,737,388 3,683,433,823 BUSINESS PERSONAL PROPERTY (237) (0) (237) Market Value 36,147,066 0 36,147,066 OIL & GAS / MINERALS (0) (0) (0) Market Value 0 0 0 OTHER (Intangibles) (0) (0) (0) Market Value 0 0 0 (Total Count) (4,892) (Total Count) (4) (Total Count) (4,896) TOTAL MARKET 3,715,843,501 3,737,388 3,719,580,889 Ag Productivity 191 0 191 Ag Loss (-) 1,701,939 0 1,701,939 Timber Productivity 0 0 0 Timber Loss (-) 0 0 0 APPRAISED VALUE 3,714,141,562 3,737,388 3,717,878,950 99.9% 0.1% 100.0% HS CAP Limitation Value(-) 172,905,337 229,872 173,135,209 CB CAP Limitation Value (-) 3,965,447 0 3,965,447 NET APPRAISED VALUE 3,537,270,778 3,507,516 3,540,778,294 Total Exemption Amount 253,095,209 42,374 253,137,583 NET TAXABLE 3,284,175,569 3,465,142 3,287,640,711 TAX LIMIT/FREEZE ADJUSTMENT 676,200,738 0 676,200,738 LIMIT ADJ TAXABLE (I&S) 2,607,974,831 3,465,142 2,611,439,973 CHAPTER 312 ADJUSTMENT 0 0 0 CHAPTER 313 ADJUSTMENT 0 0 0 LIMIT ADJ TAXABLE (M&O) 2,607,974,831 3,465,142 2,611,439,973 APPROX TOTAL LEVY=LIMIT ADJ TAXABLE*(TAX RATE/100)+ACTUAL TAX $12,718,827.38 = 2,611,439,973 *(0.415469 / 100)+ $1,869,103.84 Generated: 7/19/25 10:39 AM Printed: 07/19/25 11:19:25 AM Page 210 of 1851 <trueprodigy.com> EXHIBIT "B" to Resolution 2025-13 re- Tarrant Appraisal District Joe Don Bobbitt, Chief Appraiser TOWN OF TROPHY CUJB 044 Appraisal Roll Information Valuation Summary as of July 23, 2025 2025 Certified Property Information I,Joe Don Bobbitt, Chief Appraiser for the Tarrant Appraisal District,to the best of my ability do solemnly swear that the attached is that portion of the appraisal roll for the Tarrant Appraisal District which lists property taxable by the above-named entity and const it utes t heir Certified Appraisal Roll. July Roll - 100K\10K APPRAISED VAWE(Considers Val ue Caps) >$ 189,561,313 Number of Accounts: 229 Absolute Exemptions $ 16,303,634 Cases before Am-Appraised Value $ 587,901 Incompletes $0 Partial Exemptions $ 4,346,930 In Process $0 NET TAXABLEVAWE >$ 168,322,848 Appraised Value minus Absolute Exemption amount, minus Cases before ARB amount, minus Incompletes, minus Partial Exemptions, minus the In Process accounts equals the Net Taxable Value. ESTI M ATED NET TAXABLE VAW E >$ 168,730,263 Including suggested values to be used for pending ARB accounts(see page two), Incompletes(see page three) and In Process accounts(sce page four). Joe Don Bobbitt, Chief Appraiser Tarrant Appraisal District 2500 Handley Ederville Road- Fort Worth, Texas 76118-817.284.0024 1