Page 114 - N. Richland Hills General Budget
P. 114
FISCAL YEAR 2020-2021
SCHEDULE 6 - SUMMARY OF TAX INCREMENT FINANCE (TIF) DISTICT PROPERTY TAX REVENUE AND DISTRIBUTION
NET TAXABLE VALUE:
TAX INCREMENT FINANCING DISTRICT #2
Taxable Value (2020 Tax Year) $597,120,099
Less: Base Taxable Value (1998 Tax Year) 40,020,188
Taxable Value Increment (2020 Tax Year) Gain / (Loss): $557,099,911
ESTIMATED TAX INCREMENT FINANCING DISTRICT PROPERTY TAX REVENUE
TAX INCREMENT FINANCING DISTRICT #2
Taxable Value Increment: TIF District #2 $557,099,911
Tax Rate per $100 Valuation and Inception $0.57
TIF District #2 Property Tax Revenue at 100% $3,175,469
Collection Rate 98.50%
TIF District #2 Property Tax Revenue $3,127,837
TOTAL ESTIMATED TAX INCREMENT FINANCING DISTRICT PROPERTY TAX REVENUE (1)(2) $3,127,837
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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