HomeMy WebLinkAboutIR 113 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 22-113
To the Mayor and Members of the City Council August 9, 2022
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SUBJECT: TRUTH IN TAXATION: SUBMISSION OF 2022 CERTIFIED
rrn APPRAISAL ROLL AND CERTIFIED COLLECTION RATE
The purpose of this informal report is to submit the 2022 Certified Appraisal Roll and the certified
collection rate, as defined in Chapter 26 of the Texas Tax Code.
Pursuant to Texas Tax Code Section 26.01 , 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.
The chief appraisers of Tarrant County, Denton County, Parker County and Wise County have
prepared and certified their portions of the appraisal roll for the City of Fort Worth or provided
certified estimates in accordance with the Tax Code. The only property in Johnson County that is
inside Fort Worth is owned by the City and is not taxable.
Below is a table showing Fort Worth's combined total appraised, certified net taxable, and
estimated net taxable values in Tarrant, Denton, Parker and Wise counties.
Value 2021 2022 Increase Increase
Total Appraised $116,686,701,862 $133,177,031,015 516,490,329.153 14.1%
Certified Net Taxable $83,330.606,995 S95,128.870,337 511,790,263,342 14.2%
Estimated Me[Taxable $87,373,928,947 $100.073,539„806 $12,699,610,857 14.5%
The estimated net taxable value, also known as the total taxable value, is included because
certified values do not reflect appraisals that are incomplete or pending protest. Staff uses prior
year actual data and adjusts the Certified Net Taxable Value to reflect the projected impact of the
incompletes and pending protests to provide a more complete estimate of final values and
projected revenues. The FY2023 City Manager's recommended budget is based on an estimated
final net taxable value of $100,073,539,805, which includes $2,748,614,415 of estimated net
taxable value of new property.
On July 26, 2022, the Tarrant County Tax Assessor/Collector's office, which collects all City taxes
and assessments regardless of county, certified the anticipated collection rate for the City of Fort
Worth for tax year 2022 at 100%. This rate is used for truth-in-taxation calculations. This is
required under Texas Tax Code Section 26.04.
If you have any questions, please contact Richard Zavala, Interim Director of the Planning and
Data Analytics Department, at (817) 392-6222.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS