Page 115 - NRH FY20 Approved Budget

SOURCES OF AD VALOREM TAX VALUE

Tarrant Appraisal District determines property tax value for the City of North Richland Hills. As of July 25, 2019,
the City’s total appraised value was $7.543 billion. The estimated net taxable value is $6.187 billion. The
estimated net taxable value is used to calculate the total tax levy for the City with the adopted tax rate of $0.572
cents on $100 value. As illustrated in this chart, approximately 63.62% of the City’s property value is from
residential property, 29.63% from commercial value and 6.09% from personal property value. The remaining
0.65% of the value is from industrial and various other types of property value

Millions $4,000
$3,750
$3,500
$3,250
$3,000
$2,750
Real Estate Residential
$2,500 Real Estate Commercial
$2,250 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 $ 3,998,916,303 63.62%
Real Estate Commercial 1,862,440,526 29.63%
Real Estate Industrial 31,415,440 0.50%
Personal Property Commerical 348,714,129 5.55%
Personal Property Industrial 34,241,007 0.54%
Mineral Lease Properties 9,710,970 0.15%
Agricultural Properties 169,951 0.00%
Total $ 6,285,608,326 100.00%

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