Page 121 - FY 19 Budget Forecast 91218.xlsx

FINANCE & ACCOUNTING DEPARTMENT
TAX DIVISION (100-130-09)

DEPARTMENT DESCRIPTION:
The Tax Division of the Finance & Accounting Department is responsible for the assessment and collection of property
and other special assessment taxes for the City. Property appraisal is the responsibility of the Tarrant Appraisal
District. Effective October 1999, the Tarrant County Tax Assessor/Collector began assessing and collecting property
taxes for the City of Keller. The Tarrant County Tax Assessor/Collector also assesses and collects property taxes for
all other taxing units within the City of Keller.

DEPARTMENT/DIVISION GOALS:
1. Continue collection and assessing contract with Tarrant County.
2. Ensure timely assessment and collection of the City's property taxes by working closely with the Tarrant Appraisal
District and generating timely and accurate tax statements.
3. Provide timely and efficient assistance and information to citizens and City staff as requested.
4. Support other City departments by providing property ownership information.
5. Ensure that all real and personal property located in the Keller Town Center Reinvestment Zone is properly recorded
by the Tarrant Appraisal District.

SERVICE LEVEL ANALYSIS:
FY 2018-19
FY 2016-17 FY 2017-18 FY 2017-18 Adopted
Actual Budget YE Proj.
SERVICES PROVIDED Budget
Total property tax accounts 17,409 17,467 17,467 17,661
Total number of tax ceiling accounts 2,498 2,644 2,644 2,901
Taxable value of tax ceiling accounts
(millions) $597 $673 $673 $806
Total (taxable) value of new construction
(millions) $221 $142 $142 $130
Total (taxable) value of new residential
construction (millions) $167 $120 $120 $109
Total number of new residential properties 331 234 234 214
Total (taxable) value of new commercial
construction (millions) $54 $23 $23 $21
Total number of new commercial properties 13 10 10 16

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