The North Richland Hills City Council voted on Monday to lower the city’s property tax rate by a half-cent and approved a budget for the 2018-2019 fiscal year that includes additional funding for public safety and street maintenance. This marks the second year in a row the property tax rate has decreased. In 2017, the City Council lowered the tax rate by 2 cents. The tax rate reductions were possible due to new construction and an increase in existing property values.
The FY 18-19 adopted budget increases funding for public safety and street maintenance, both of which citizens have indicated are priorities in recent citizens surveys. The city will add 2 police officers to the Police Department's patrol unit, which has not increased patrol staffing since 2001. Additional firefighter/paramedics will also be hired to staff a fourth full-time ambulance, which will improve response to an increasing numbers of emergency medical calls in our community. The budget also includes competitive public safety compensation to ensure the city continues to attract and retain qualified first responders. $1.3 million is allocated for the city’s annual preventive street maintenance program to address increasing maintenance needs on our aging city streets. That’s an increase of $315,000 over prior years. Citizens can review the budget on our budget web page.
While the city’s tax rate was reduced, homeowners will see their property tax bill increase if the value of their home increased. According to the Tarrant Appraisal District, the average residential taxable property value is $184,000 this year. With the approved tax rate of $0.585, the average city property tax bill will be $1,076, an increase of 7% or $73 over last year’s average property tax bill. As a reminder, 1 out of every 4 homes in NRH has their taxes frozen due to the owner being either over the age of 65 or disabled. Property taxes for those homeowners will not go above the amount of taxes they owed in the year their tax freeze was granted.
The property tax you pay to the city is about 22% of your overall tax bill. Just over half of your property taxes go to the school district, with the rest going to county agencies. You can find additional information about city property taxes, including a tax calculator and FAQs about the property tax rate, on our taxes page.
Property taxes make up about 36% of the city’s General Fund revenue with sales tax contributing about 22%. Franchise fees, permits, fines, charges for service, grants and other sources also help fund the city’s daily operations. Almost 60% of General Fund expenditures goes to public safety, including police, fire and emergency management.
The City Council held public hearings for the city's proposed annual budget and tax rate on Monday, August 27 and Wednesday, September 5. Residents were invited to attend and provide input.
Public Meeting Video Links