At their Sept. 11 meeting, the NRH City Council reduced the property tax rate by 10.7% to $0.489389 per $100 property valuation and reduced the annual budget for FY 2023-24 from what had been initially proposed. For the average NRH homeowner, this will reduce the city portion of your annual property tax bill by about $24. You can visit www.tarranttaxinfo.com to see how your 2023 tax bill from the city compares to last year’s tax bill.
Previously, the City Council had discussed a 9.09% cut to the tax rate, which would have kept most property tax bills the same as last year. Following the public input period, the City Council voted to bring the rate down an additional 1.6% to reach the No New Revenue Rate. This resulted in the FY 2023-24 budget being reduced by about $630,000. Watch the City Council Meeting video at www.nrhtx.com/agendas.
This is the second year in a row the City has provided property tax relief. Last year, the City Council increased the homestead exemption to 20% and cut the tax rate by 4.2% which lowered property tax bills for most NRH residents.
As a reminder, if you benefit from the senior/disabled tax freeze, your bill is recalculated each year at the current rate and compared to the amount you were billed in the year your taxes were frozen. You are billed the lower of the two. If you don’t recall what you previously paid in taxes, you can look up your tax payment history on the Tarrant County Tax Office's website.
Public Hearing Presentations
City Budget & Tax Rate Proposed
The NRH City Council wants your input on the proposed city budget and property tax rate. Mark your calendar for the public hearing on Thursday, Sept. 7 at 7 p.m. or submit your comments online using this form:
Budget & Tax Rate Public Input Form
Public Hearing Notices
On Thursday, Sept. 7, 2023, the following public hearings will be held in the North Richland Hills City Council Chamber, City Hall 3rd floor, 4301 City Point Dr.
Budget & Tax Rate Notices
Proposed Property Tax Rate
To offset rising property values and keep most tax bills level, a 9% reduction in the city’s property tax rate is proposed this year. The proposed rate is 49.8155 cents per $100 property value, which is nearly 5 cents less than the current rate of 54.7972 cents. If adopted, this will be the lowest the city’s property tax rate has been in 35 years.
- Individual property tax bills may increase, decrease or remain the same depending on changes in the property’s value and the exemptions that are in place.
- Residents with a homestead exemption should see no increase in their city tax bill if the proposed tax rate is adopted.
- For residents who have the senior/disabled tax freeze, your bill will stay the same or decrease. Your bill is calculated each year at the current rate and compared to the amount you were billed in the year your taxes were frozen. You are billed the lower of the two.
Visit www.tarranttaxinfo.com to see how your proposed city taxes compare to last year’s tax bill.
Proposed City Budget
The proposed budget for FY 2023-24 funds all of the city services that residents have come to expect, while reducing the tax rate nearly 5 cents and continuing our focus on public safety and street improvements. City Manager Mark Hindman provides an overview of the budget in the video below. The proposed budget is also available for public review on our Budget webpage.
Did You Know?
The NRH City Council wants your input on the proposed city budget and property tax rate. Tell them what you think during the public hearing on Thursday, Sept. 7 at 7 p.m. or by using our online form at www.nrhtx.com/budget.
Did you know that nearly half of every property tax dollar the City of North Richland Hills receives helps fund our 24-hour police, fire and emergency medical services? The Police and Fire Departments are the largest city operations in terms of both manpower and budget. Public safety has always been a top priority for the community, in fact, for many years, Public safety and street maintenance have been identified by residents' input from the NRH Citizen Survey as being of high importance to the community. Property taxes also help fund city streets, traffic control, code enforcement, library and other services.
The City Council is proposing a nearly 5 cent reduction in the property tax rate this year, and has reduced the property tax rate several times in recent years to help offset rising property values. The reduction proposed this year would lower the rate to 49.8155 cents per $100 property value. The property tax rate has been reduced 11 cents in the last 6 years as the rate was 61-cents prior to 2017. The lower tax rate offsets increases to property values and keeps the tax bill the same for 70% of residential property owners (everyone who has a homestead exemption), despite rising home values. Visit www.tarranttaxinfo.com to see how the proposed tax bill for your property compares to last year.
If you’d like to learn more about the city budget, visit www.nrhtx.com/budget to view the City Manager’s message and proposed budget documents.
Did you know public input helps shape the city’s annual budget? Public safety and street maintenance were identified by the NRH Citizen Survey as being of high importance to the community. The proposed FY23-24 budget includes $43.5 million for public safety operations and $21.8 million in street improvement projects. It’s not too late for you to provide input on the budget. You can learn more about the proposed budget and submit comments online at www.nrhtx.com/budget or during the Sept. 7 public hearing.
Did you know that property taxes cover less than half of the city’s daily operating expenses? Sales tax, grants, charges for services, fines and other fees also help pay for the city’s daily operations in the General Fund. Police and Fire operations make up more than half of the General Fund’s expenditures with the rest divided among the city’s 16 other departments, including 6% for Public Works operations, 4% for Neighborhood Services and 4% for Library services. What about parks? The NRH Park System is largely funded by a half-cent sales tax for parks approved by voters in 1992. Park & Recreation Facilities Development Corporation funds can only be used for park construction, maintenance and operations. The NRH City Council welcomes your input on the annual city budget and property tax rate. Visit www.nrhtx.com/budget to learn and join us for public hearings on Thursday, Sept. 7 starting at 6:30 p.m. Can't make it to the public hearings? Submit your comments to the City Council via email or our online form at www.nrhtx.com/budget.