Page 11 - CityofNorthRichlandHillsFY26AdoptedOperatingBudget

FISCAL YEAR 2026
SCHEDULE 6 - SUMMARY OF TAX INCREMENT FINANCE (TIF) DISTICT PROPERTY TAX REVENUE AND DISTRIBUTION

TAX INCREMENT FINANCING DISTRICT #3 VALUE
Taxable Value (2025 Tax Year) $166,952,397
Less: Base Taxable Value (2019 Tax Year) 6,348,296
Taxable Value Increment (2025 Tax Year) Gain/(Loss): $160,604,101

TAX INCREMENT FINANCING DISTRICT #3 CONTRIBUTION
M&O Rate $0.346946
X Participation Rate (45% of M&O) 45%
Tax Rate per $100 Valuation $ 0.156126
Taxable Value Increment: TIF District #3 $160,604,101
$100 of Value $1,606,041
X Tax Rate per $100 Valuation $0.156126
TIF District #3 Property Tax Revenue at 100% $250,745
X Collection Rate 97.00%
TIF District #3 Property Tax Revenue $243,222

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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