Page 110 - N. Richland Hills General Budget

FISCAL YEAR 2020-2021
SCHEDULE 4 - SUMMARY OF PROPERTY TAX REVENUE AND DISTRIBUTION

NET TAXABLE VALUE: M&O I&S TOTAL
Total Appraised Value as of July 24, 2020 7,872,103,109

Less:
Absolute Exemption (444,010,423)
Cases Before ARB (461,161,737)
Incomplete Accounts (162,452,855)
Disabled Veteran (38,878,521)
Over 65 (196,147,569)
Homestead (560,899,866)
Disabled Persons (9,695,397)
Freeport Inventory Value Loss (5,929,082)
Pollution Control (27,671)
Solar & Wind Powered Devices (8)
Nominal Value Accounts (856,838)
Miscellaneous Personal Property (35,619,678)
In Process 0
Total Reduction to Values (1,915,679,645)

NET TAXABLE VALUE AT JULY 24, 2020 5,956,423,464

Add:
Estimated Minimum ARB protested values 293,819,672
Incomplete Property 98,950,748
In Process 0

ESTIMATED NET TAXABLE VALUE AT JULY 24, 2020 6,349,193,884

ESTIMATED PROPERTY TAX COLLECTIONS:
Estimated Net Taxable Value 6,349,193,884
Less: TIF #2 Incremental Value (533,686,980)
Less: TIF #3 Incremental Value (6,148,448)
Less: Tax Ceiling Taxable Values (982,522,531)
Net Taxable Values 4,826,835,925
Adopted Tax Rate per $100 Valuation 0.343611 0.232089 0.575700

Estimated Total Tax Levy at 100% Collection 16,585,539 11,202,557 27,788,096
Less: Estimated Uncollectable (1.5%) (248,783) (248,783)
Less: Estimated I&S Uncollectable (1.5%) (168,038) (168,038)
Estimated Revenue from Property Tax 16,168,718 11,202,557 27,371,275

Estimated Revenue from Property Tax 16,168,718 11,202,557 27,371,275

Plus: Tax Ceiling Account Revenue 3,914,955 - 3,914,955

Less: Estimated Uncollectable (1.5%) (58,724) - (58,724)
Plus: TIF Tax Rate Differential (0.002000) 10,674 - 10,674

Less: Estimated I&S Uncollectable (1.5%) (160) - (160)

ESTIMATED PROPERTY TAX DISTRIBUTION 20,035,463 11,202,557 31,238,020

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