Page 119 - NRH FY20 Approved Budget
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FISCAL YEAR 2019-2020
SCHEDULE 6 - SUMMARY OF TAX INCREMENT FINANCE (TIF) DISTICT PROPERTY TAX REVENUE AND DISTRIBUTION
NET TAXABLE VALUE:
TAX INCREMENT FINANCING DISTRICT #2
Taxable Value (2019 Tax Year) $558,442,812
Less: Base Taxable Value (1998 Tax Year) 40,020,188
Taxable Value Increment (2019 Tax Year) $518,422,624
ESTIMATED TAX INCREMENT FINANCING DISTRICT PROPERTY TAX REVENUE
TAX INCREMENT FINANCING DISTRICT #2
Current Taxable Value Increment: TIF District #2 $518,422,624
Tax Rate per $100 Valuation and Inception $0.57
Estimated TIF District #2 Property Tax Revenue at 100% $2,955,009
Estimated Collection Rate 98.50%
Estimated TIF District #2 Property Tax Revenue $2,910,684
TOTAL ESTIMATED TAX INCREMENT FINANCING DISTRICT PROPERTY TAX REVENUE (1)(2) $2,910,684
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. TIF #1A Closed in 2019.
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