Budget Process

Your North Richland Hills city staff works throughout the spring and summer to prepare a budget for the new fiscal year that begins on October 1. A proposed budget is presented to the City Council in July and the City Council holds work session meetings to review and discuss the proposed budget and property tax rate. Public hearings on the proposed budget and property tax rate are held prior to its adoption each September. Public hearings and City Council approval are also required to make revisions to the budget once it has been adopted.

FY 22/23 Budget Includes Some Property Tax Relief 

At their Sept. 12 meeting, the City Council approved the annual city budget for FY 2022-23 and adopted a property tax rate of $0. 547972 per $100 property valuation. View the City Council Meeting online. 

The approved budget includes some property tax relief for North Richland Hills homeowners. 

• First, the City Council increased the homestead exemption from 15% to 20%. This means your property taxes to the city during the coming fiscal year will be based upon only 80% of your home’s appraised value. 
• Second, the City Council reduced the property tax rate by about 2.4 cents, from $0.572184 to $0.547972 per $100 property valuation. 
• With these changes, most NRH homeowners will see a reduction in the city portion of their property taxes.  
• Property owners are encouraged to go online to www.tarranttaxinfo.com to view your previous and proposed tax bill from the city, as well as other taxing entities. The city’s property tax rate is just one portion of your overall tax bill. Residents also pay property taxes to the school district, county, county hospital district and county college district.
• As a reminder, when you turn 65 you also benefit from a senior tax exemption and your city taxes are frozen. Your city taxes could go down but they will never go above your frozen amount (unless you add onto your home, or move to a new home). Around 28% of NRH homeowners have a senior or disabled tax freeze in place.

The City’s budget priorities for the coming year include infrastructure improvements, keeping pace with growth and increasing service demands, and making sure we stay competitive in recruiting and retaining City employees. To learn more, please watch the video message below from City Manager Mark Hindman.