Council Adopts Budget, Sets Tax Rate
On September 22, 2014 the North Richland Hills City Council approved a balanced budget for Fiscal Year 2014-2015 and voted to keep the city’s property tax rate at 61-cents per $100 valuation.
The annual budget provides funding to continue the day to day operations of the city including 24-hour police, fire and EMS service, public works, parks and recreation, public library, neighborhood services, building inspections, and other city services. It also addresses concerns raised in the last citizen’s survey about the condition of some streets and properties.
Funds are included in the budget to reconstruct:
– Rufe Snow Drive, from Mid Cities to Hightower;
– Rufe Snow Drive, from Loop 820 to Karen Drive;
– Cloyce Court, from Loop 820 to Maplewood;
– College Circle, from Abbott Avenue to Terry Drive;
– Jennings Drive, from Jerrie Jo Drive to Boulevard 26;
– Smithfield Road, from Mid Cities to Davis, including realignment of the Smithfield/Davis intersection at Bridge Street.
There is also $1 million allocated for other residential street maintenance, and $200,000 added to reserves for future street projects. The budget also includes funding for an additional code compliance officer and a neighborhood revitalization program, both of which will help in addressing neighborhood concerns about property maintenance.
Although the tax rate remains the same, residents may see their property tax bill change if the value of their home has changed. Property values are determined by the Tarrant Appraisal District and may decrease, increase or remain the same from year to year. State law requires the city to post the following notice about the tax rate:
“THE CITY OF NORTH RICHLAND HILLS ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 7.97 PERCENT AND WILL RAISES TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $25.87.”
The City property tax equals less than 25% of a resident’s overall property tax bill. Residents also pay property taxes to the school district, county, county hospital district and the county college district.
The annual city budget is available to view at www.nrhtx.com/budget. The city’s new fiscal year begins on October 1.