HomeMy WebLinkAboutIR 10043 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 10043
To the Mayor and Members of the City Council August 15, 2017
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SUBJECT: SUBMISSION OF 2017 CERTIFIED APPRAISAL ROLL AND
taxa CERTIFIED COLLECTION RATE
The purpose of this informal report is to submit the 2017 Certified Appraisal Roll and the certified
collection rate.
Pursuant to Section 26.01 of the Texas Property Tax Code, by July 25 or as soon as practicable
thereafter, the Chief Appraiser shall prepare and certify to the assessor for each taxing unit
participating in the district that part of the appraisal roll for the district that lists the property taxable
by the unit.
During the week of July 24, 2017, the Chief Appraisers of Tarrant County, Denton County, Parker
County and Wise County prepared and certified the appraisal roll for the City of Fort Worth.
Incorporated property within Johnson County is not taxable.
The reported 2017 value for all properties located within the corporate limits of the City of Fort
Worth is$83,712,155,148, and the Certified Net Taxable Value is $58,154,019,276. In comparison,
the 2016 certified values were $74,906,924,377 and $49,704,978,581, respectively. Certified net
taxable property values increased by $8,449,040,695 from the 2016 tax year or 17.0%.
Because certified values do not reflect appraisals that are incomplete or pending protest, in each
year's budget process staff uses past years' actuals and adjusts the Certified Net Taxable Value to
reflect the projected impact of the incompletes and protests and provide a more complete estimate
of final values and projected revenues. The FY2018 City Manager's recommended budget is based
on an estimated final net taxable value of$60,950,027,101 as compared to the $54,520,574,865 figure
used in FY2017, representing a projected increase of$6,429,452,236.
Section 26.04 of the Texas Property Tax Code requires the Tax Collector to certify the anticipated
collection rate to the taxing unit for the current year.
On July 7, 2017, the Tarrant County Tax Assessor/Collector's office certified the anticipated
collection rate for the City of Fort Worth for tax year 2017 at 100%.
If you have any questions, please contact Terry Hanson, Assistant Director, Performance and
Budget Office, at 817-392-7934.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS