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FISCAL YEAR 2018-2019
SCHEDULE 6 - SUMMARY OF TAX INCREMENT FINANCE (TIF) DISTICT PROPERTY TAX REVENUE AND DISTRIBUTION
NET TAXABLE VALUE:
TAX INCREMENT FINANCING DISTRICT #1A
Taxable Value (2018 Tax Year) $100,556,700
Less: Base Taxable Value (2008 Tax Year) 83,563,510
Taxable Value Increment (2018 Tax Year) Gain / (Loss): $16,993,190
TAX INCREMENT FINANCING DISTRICT #2
Taxable Value (2018 Tax Year) $504,922,969
Less: Base Taxable Value (1998 Tax Year) 40,020,188
Taxable Value Increment (2018 Tax Year) Gain / (Loss): $464,902,781
ESTIMATED TAX INCREMENT FINANCING DISTRICT PROPERTY TAX REVENUE
TAX INCREMENT FINANCING DISTRICT #1A
Current Taxable Value Increment: TIF District #1A $16,993,190
Tax Rate per $100 Valuation and Inception $0.57
Estimated TIF District #1A Property Tax Revenue at 100% $96,861
Estimated Collection Rate 98.50%
Estimated TIF District #1A Property Tax Revenue $95,408
TAX INCREMENT FINANCING DISTRICT #2
Current Taxable Value Increment: TIF District #2 $464,902,781
Tax Rate per $100 Valuation and Inception $0.57
Estimated TIF District #2 Property Tax Revenue at 100% $2,649,946
Estimated Collection Rate 98.50%
Estimated TIF District #2 Property Tax Revenue $2,610,197
TOTAL ESTIMATED TAX INCREMENT FINANCING DISTRICT PROPERTY TAX REVENUE (1)(2) $2,705,605
Notes:
(1)
The information presented on this schedule represents the contribution of the City of North Richland Hills to the Tax Increment Financing
Districts in which it participates. This schedule does not reflect the contribution of other entities.
(2) TIF #1 Closed in 2018.
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