HomeMy WebLinkAboutIR 9789 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 9789
To the Mayor and Members of the City Council August 11, 2015
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•a SUBJECT: SUBMISSION OF 2015 CERTIFIED APPRAISAL ROLL AND
rrn CERTIFIED COLLECTION RATE
The purpose of this Informal Report is to submit the 2015 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 20, 2015, 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.
Incorporated property within Johnson County is not taxable.
The 2015 Market Value for all appraisal districts is $67,008,399,264, and the Certified Net
Taxable Value is $45,947,104,396. In comparison, the 2014 certified values were
$64,934,531,075 and $45,910,020,707 respectively. Net taxable property values increased by
0.0808%, or $37,083,689 from the 2014 tax year. While this number indicates minimal growth
has occurred in the taxable values, Tarrant Appraisal District has indicated the City has
$3,678,700,729 in taxable values that are incomplete and protested. When these property values
are finalized, the 2015 taxable value will increase.
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 31, 2015, the Tarrant County Tax Assessor/Collector's office certified the anticipated
collection rate for the City of Fort Worth for tax year 2015 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