HomeMy WebLinkAboutIR 7396 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7396
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~af forr. To the Mayor and Members of the City Council �l f'�f
�rExay' Subject; 1989 CERTIFIED ROLL OF APPRAISED VALUES
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The Tarrant Appraisal District Chief Appraiser has submitted the 1989
certified roll of appraised property values. A copy of the roll summary is
attached for your information. The Net Taxable Value has decreased
$1,000,836,388 or 6.5% from the preliminary roll received in May.
Approximately $768,000,000 of this decrease is the result of protests filed
with the Appraisal Review Board (ARB). The value of property being protested
is excluded from the roll until the protests have been heard by the ARB. At
a minimum the City should gain $557,126,691, ,the minimum (or unprotested
value) after the cases have been heard. In most cases the minimum value is
the value at which the property was taxed last year. The only potential for
not gaining this amount is if the protests successfully argue that property
value has deteriorated below last year's value. Historically this has not
happened.
Assuming the minimum amount will be gained results in a taxable roll of
$14,988,549,733 which approximates the number upon which the 1989-90
Proposed Budget has been based.
D gas Ariain
City Ma&ger
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS —
t
TARRANT APPRAISAL DISTRICT WILLIAM E. ROBERTS
' CHIEF APPRAISER
CITY OF FORT WORTH
NAME OF TAXING UNIT
It WILLIAM E. ROBERTS, CHIEF APPRAISER FOR TARRANT COUNTY: SOLEMNLY
SMEAR THAT THE ATTACHED IS THAT PORTION OF THE APPRAISAL
ROLL OF THE TARRANT APPRAISAL DISTRICT WHICH LISTS PROPERTY TAXABLE
BY THE ABOVE NAMED ENTITY AND CONSTITUTES THEIR APPRAISAL ROLL.
1989 APPRAISAL ROLL INFORMATION
VALUATION SUMMARY
TOTAL APPRAISED VALUE »»»»»»»»»»»»»> $16:6979414:712
— DEFERRED SPECIAL USE VALUE LOSS
AGRICULTURAL $584*3769731
— PARTIAL EXEMPTION VALUE LOSS
VETERAN $5 s 67 0:2,28
OVER-65 S784t636s837
HOMESTEAD 3880000:078
DISABILITY S11007s796
NET TAXABLE VALUE »»»»»>.»»»»»»»»>$l4,431s423:042
(SCHOOL DISTRICT INFORMATION — INCLUDES
PROPERTY ON WHICH TAXES ARE "FROZEN*.)
NEW C OASTRUCTION >>>>>>>>>>>>>>>>>>>>>>>>>>>> $227:070*527
( INCLUDED IN NET TAXABLE VALUE)
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OR
25 JUL 84
WILLIAM E ROBERTS
CHIEF APPRAISER
2315 Gravel Road * Fort Worth,Texas 76118•284-0024
TARRANT APPRAISAL DISTRICT WILLIAM E* ROBERTS
CHIEF APPRAISER
ID
CITY OF FORT WORTH
THE CERTIFIED VALUE TOTALS FOR YOUR TAXING JURISDICTION, FIGURES
FOR SPECIAL-USE LOSS9 EXEMPTIONS# AND NEW CONSTRUCTION VALUES
ARE ATTACHED.
SECTION 26*0110 OF THE STATE PROPERTY TAX CODE DIRECTS T44E CHIEF
APPRAISER TO PREPARE A LIST OF ALL PROPERTIES PENDING DISPOSITION
BEFORE THE APPRAISAL REVIEW BOARD. THESE VALUES ARE NOT INCLUDED
IN THE ATTACHED CERTIFIED VALUE TOTALS.
TOTAL APPRAISED VALUE OF PROPERTIES
UNDER PROTEST 864*931*315
NET TAXABLE VALUE OF PROPERTIES
UNDER PROTEST 796#445#267
PROJECTED MINIMUM VALUE OF
THE SAME PROPERTIES 557#1269691
2315 Gravel Road * Fort Worth,Texas 76118*284-0024