Page 11 - NorthRichlandHillsFY24AdoptedBudget

FISCAL YEAR 2023-2024
SCHEDULE 6 - SUMMARY OF TAX INCREMENT FINANCE (TIF) DISTICT PROPERTY TAX REVENUE AND DISTRIBUTION

TAX INCREMENT FINANCING DISTRICT #3 VALUE
Taxable Value (2023 Tax Year) $30,299,609
Less: Base Taxable Value (2019 Tax Year) 6,348,296
Taxable Value Increment (2023 Tax Year) Gain/(Loss): $23,951,313

TAX INCREMENT FINANCING DISTRICT #3 CONTRIBUTION
M&O Rate $0.313583
X Participation Rate (45% of M&O) 45%
Tax Rate per $100 Valuation $ 0.141112

Taxable Value Increment: TIF District #3 $23,951,313
$100 of Value $239,513
X Tax Rate per $100 Valuation $0.141112
TIF District #3 Property Tax Revenue at 100% $33,798
X Collection Rate 99.50%
TIF District #3 Property Tax Revenue $33,629

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.

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