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ADOPTED | BUDGET

SOURCES OF AD VALOREM TAX VALUE

Tarrant Appraisal District determines property tax value for the City of North Richland Hills. As of July 21, 2022,
the City’s total appraised value was $9.470 billion. The estimated net taxable value is $7.576 billion. The
estimated net taxable value is used to calculate the total tax levy for the City with the adopted tax rate of
$0.547972 cents on $100 value. As illustrated in this chart, approximately 63.85% of the City’s property value
is from residential property, 30.04% from commercial value and 5.32% from personal property value. The
remaining 0.79% of the value is from industrial and various other types of property value.

Taxable Value

Real Estate
Residential
63.8% Real Estate
Commercial
30.0%

Real Estate Industrial
0.4%

Personal Property
Mineral Lease Commerical
Properties Personal Property 4.9%
0.3% Industrial
0.4%

Category Taxable Value % of Value
Real Estate Residential $ 4,906,644,480 63.85%
Real Estate Commercial 2,308,895,091 30.04%
Real Estate Industrial 34,289,102 0.45%
Personal Property Commerical 379,142,933 4.93%
Personal Property Industrial 29,795,822 0.39%
Mineral Lease Properties 26,128,730 0.34%
Agricultural Properties 131,789 0.00%
Total $ 7,685,027,947 100.00%

125 NRH | TEXAS