HomeMy WebLinkAboutIR 7194 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7194
May 19, 1987
To the Mayor and Members of the City Council
rExy Subject:
1987 ESTIMATE OF APPRAISED PROPERTY VALUES
In accordance with the Texas Property Tax Code, the Chief Appraiser of
Tarrant Appraisal District (TAD) has submitted the attached 1987
Preliminary Valuation Summary. This will be the only information
available to the City prior to the Certified Tax Roll scheduled by TAD
for release on July 24th. The Summary reflects a Total Appraised
Value of $17,506,580,734 and a Net Taxable Value (after exemptions) of
$15,420,307,633.
In addition to the $503,798,774 new construction included in the Net
Taxable Value, changes in value from 1986 consist primarily of those
occurring in the Personal Property catagory as there has been no major
reappraisal of real property for the 1987 tax year.
Also attached for your information is a schedule prepared by staff
showing comparable numbers of the 1986 Preliminary Valuation Summary,
the 1986 Certified Tax Roll and the current amended 1986 Tax Roll as
well as a comparison of the current 1986 roll and the 1987 Preliminary
Valuation Summary.
When the Certified Tax Roll is received in July, additional
information will be prepared for the Council.
�'-Dou&"kas Harman
City Manager
[ ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS