HomeMy WebLinkAboutIR 9507 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9507
To the Mayor and Members of the City Council August 7, 2012
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SUBJECT: SUBMISSION OF 2012 CERTIFIED APPRAISAL ROLL AND
Ya73 CERTIFIED COLLECTION RATE
The purpose of this Informal Report is to submit the 2012 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, 2012, 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.
The 2012 Market Value is $59,832,365,308 and the Certified Net Taxable Value is
$43,087,160,976. The 2011 certified values were $57,987,776,527 and $42,070,860,011,
respectively. Net taxable property values increased by $1,016,300,965 from the 2011 tax year.
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 August 1, 2012, the Tarrant County Tax Assessor/Collector's office certified the anticipated
collection rate for the City of Fort Worth for tax year 2012 at 100%.
If you have any questions, please contact James Mauldin, City Treasurer, at (817) 392-2438.
Tom Higgins
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS