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SOURCES OF AD VALOREM TAX VALUE

Tarrant Appraisal District determines property tax value for the City of North Richland Hills. As of July 25, 2018,
the City’s total appraised value was $6.927 billion. The estimated net taxable value is $5.65 billion. The
estimated net taxable value is used to calculate the total tax levy for the City with the adopted tax rate of $0.585
cents on $100 value. As illustrated in this chart, approximately 63.32% of the City’s property value is from
residential property, 29.69% from commercial value and 5.98% from personal property value. The remaining
1.01% of the value is from industrial and various other types of property value

Millions $3,750

$3,500
$3,250
$3,000

$2,750
$2,500 Real Estate Residential
$2,250 Real Estate Commercial
Real Estate Industrial
$2,000
Personal Property Commerical
$1,750
Personal Property Industrial
$1,500
Mineral Lease Properties
$1,250
Agricultural Properties
$1,000
$750
$500
$250
$0
Taxable Value

Category Taxable Value % of Value
Real Estate Residential $ 3,615,658,583 63.32%
Real Estate Commercial 1,695,520,930 29.69%
Real Estate Industrial 27,218,496 0.48%
Personal Property Commerical 341,654,504 5.98%
Personal Property Industrial 28,309,381 0.50%
Mineral Lease Properties 1,640,730 0.03%
Agricultural Properties 138,348 0.00%
Total $ 5,710,140,972 100.00%

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