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ADOPTED | BUDGET

FISCAL YEAR 2022-2023
SCHEDULE 6 - SUMMARY OF TAX INCREMENT FINANCE (TIF) DISTICT PROPERTY TAX REVENUE AND DISTRIBUTION

TAX INCREMENT FINANCING DISTRICT #3 VALUE
Taxable Value (2022 Tax Year) $19,964,300
Less: Base Taxable Value (2019 Tax Year) 6,348,296
Taxable Value Increment (2021 Tax Year) Gain / (Loss): $13,616,004

TAX INCREMENT FINANCING DISTRICT #3 CONTRIBUTION
Taxable Value Increment: TIF District #3 $13,616,004
Tax Rate per $100 Valuation and Inception $0.154625
TIF District #3 Property Tax Revenue at 100% $21,054
Collection Rate 98.50%
TIF District #3 Property Tax Revenue $20,738

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.
(3)
TIF#2 Closed in 2022.

129 NRH | TEXAS