Page 109 - N. Richland Hills General 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, 2020,
the City’s total appraised value was $7.872 billion. The estimated net taxable value is $6.349 billion. The
estimated net taxable value is used to calculate the total tax levy for the City with the adopted tax rate of $0.5757
cents on $100 value. As illustrated in this chart, approximately 64.54% of the City’s property value is from
residential property, 28.81% from commercial value and 6.06% from personal property value. The remaining
0.59% of the value is from industrial and various other types of property value.

Taxable Value

Real Estate
Residential
65% Real Estate
Commercial
29%

Real Estate Industrial
0%

Personal Property
Mineral Lease Commerical
Properties Personal Property 5%
0% Industrial
1%

Category Taxable Value % of Value
Real Estate Residential $ 4,206,233,539 64.54%
Real Estate Commercial 1,877,463,761 28.81%
Real Estate Industrial 32,577,105 0.50%
Personal Property Commerical 359,876,282 5.52%
Personal Property Industrial 35,251,717 0.54%
Mineral Lease Properties 5,984,100 0.09%
Agricultural Properties 137,560 0.00%
Total $ 6,517,524,064 100.00%

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