HomeMy WebLinkAboutIR 9651 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9651
To the Mayor and Members of the City Council August 5, 2014
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SUBJECT: SUBMISSION OF 2014 CERTIFIED APPRAISAL ROLL AND
rF CERTIFIED COLLECTION RATE
The purpose of this Informal Report is to submit the 2014 Certified Appraisal Roll and the certified
collection rate to the Mayor and City Council as required by the Texas Property Tax Code.
Pursuant to Section 26.01 of the Code, by July 25 or as soon as practicable thereafter, the Chief
Appraiser of each appraisal district shall prepare and certify to the assessor of 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 21, 2014, the Chief Appraisers of Tarrant, Denton, Parker, and Wise
Counties prepared and certified the appraisal roll for the City of Fort Worth.
The 2014 market value for all properties located within the corporate limits of the City of Fort
Worth is $64,934,531,075, and the certified net taxable value is $45,891,691,920. The 2013
certified values were $61,219,914,717 and $42,399,291,073, respectively. Certified net taxable
property values increased by $3,492,400,847 from the 2013 tax year, or 8.2%.
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 3, 2014, the Tarrant County Tax Assessor/Collector's office certified the anticipated
collection rate for the City of Fort Worth for tax year 2014 at 100%.
If you have any questions, please contact Aaron Bovos, Financial Management Services
Director/CFO, at 817-392-8517.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS