News Flash

City News

Posted on: April 21, 2022

Property Value Notices

This week, the Tarrant Appraisal District mailed annual property value notices to Tarrant County homeowners and we know it caused sticker shock for many of you. Home prices have gone way up in recent years and if you’re not looking to buy or sell a home, you may not have realized just how high. It’s important to know that the Taxable Value is the number used to calculate your tax bill, NOT the Market Value. Look instead at the Taxable Value. Here’s a quick explanation of what the different terms on your property value notice mean.

  • Market Value: The amount the Tarrant Appraisal District believes your home would currently sell for. 
  • Appraised Value: The value of your home after state-mandated limitations on value increases for residential homesteads is factored in. The appraised value of a homestead may increase no more than 10% per year. 
  • Exemptions: Exemptions are offered by the city and other taxing entities to lower your homestead’s appraised value and the amount you are taxed. (If you moved to a new home or turned 65 in the past year, be sure to submit application to the Tarrant Appraisal District for your homestead and/or senior exemptions. You will only need to apply once. After your exemptions are in place, if you remain in the same home, they will carry forward each year.)
  • Taxable Value: The Taxable Value is the Appraised Value minus your Exemptions. The tax rate is applied to this value to determine your tax bill. 

Annual tax rates will be adopted by cities, counties, school districts and other taxing entities this summer. Public hearings for the City’s budget and tax rate will be held in August. You can sign up for City Council Meeting notifications online at www.nrhtx.com/notify. Annual property tax bills are mailed each October. 

It’s important to know that in 2019, state legislators enacted Senate Bill 2, which requires cities and counties to get voter approval if they want to raise the annual property tax revenue they collect from existing properties by more than 3.5%. 

Currently, 28.3% of homes in North Richland Hills benefit from the senior or disabled exemption and tax freeze. The freeze sets a cap, or ceiling, on the amount of property taxes paid annually to the city, school district, county and college district. The ceiling is set in the year that you turn 65. In future years, the property taxes on your home may go below, but not above, the ceiling amount. The Tarrant County Hospital District does not offer a tax freeze, therefore that portion of a senior’s tax bill may still increase.

Protesting your Appraisal

Residents who feel their property appraisal is too high may appeal or protest the value with the Tarrant Appraisal Review Board. The protest deadline for residential properties is May 16, 2022. For more  information see the Notice of Protest on the Tarrant Appraisal District's website.  

If you have questions, please contact the Tarrant Appraisal District at 817-284-0024. 

Helpful Links

Tarrant Appraisal District
Homestead Exemption
Senior Exemption / Freeze
Property Tax Payment History
City property Tax Rate & FAQs
Annual City Budget

Facebook Twitter Email

Other News in City News

Temporary Court Closure

Posted on: December 5, 2022

Meadow Oak Drive Reconstruction

Posted on: November 29, 2022
Christmas Tree Lighting pic

NRH Holiday Activities

Posted on: November 15, 2022
cease the grease

Holiday Grease Recycling

Posted on: November 15, 2022

New Traffic Signal

Posted on: November 16, 2022

Charter Review Task Force

Posted on: November 14, 2022

Special Election

Posted on: October 6, 2022
Veterans Day Program and US Flags

Veterans Day

Posted on: October 14, 2022
Sprinkler

Reduce Outdoor Water Use

Posted on: November 2, 2022

Congratulations

Posted on: November 1, 2022

Bedford Euless Road Reconstruction

Posted on: September 23, 2022

Congratulations!

Posted on: October 13, 2022

Congratulations!

Posted on: October 12, 2022

NRH Building Inspections

Posted on: October 6, 2022

Fire Department News

Posted on: September 28, 2022

Youth Advisory Committee

Posted on: September 28, 2022
K9 Luka and Officer Boyd

New K9 Joins NRHPD

Posted on: September 14, 2022
Water Faucet

Rate Adjustment

Posted on: September 12, 2022
Best Cities

Best Cities for Families

Posted on: August 25, 2022

Budget & Tax Rate Notices

Posted on: August 12, 2022

TEXRail Parking

Posted on: August 11, 2022

Special Election

Posted on: July 25, 2022

Movie Theater Update

Posted on: July 12, 2022

Fire Department News

Posted on: July 7, 2022

Homestead Exemption

Posted on: June 28, 2022

City Council Place 5 Vacancy

Posted on: June 14, 2022
Armadillo

Public Art Relocation

Posted on: June 14, 2022

Oaths of Office

Posted on: May 19, 2022

Congratulations

Posted on: May 6, 2022
Coyote

Message from NRH Animal Services

Posted on: May 6, 2022

Police Department Press Release

Posted on: April 15, 2022

Iron Horse Boulevard Improvements

Posted on: April 8, 2022

Congratulations

Posted on: April 1, 2022
raccoon

Notice to Pet Owners

Posted on: March 11, 2022
Iron Horse

Iron Horse Golf Course

Posted on: March 9, 2022
Trash cans

Republic Services Updates

Posted on: February 1, 2022

2021 Year in Review Video

Posted on: January 14, 2022

NRH Citizen Survey Results

Posted on: January 12, 2022
Street icon

2020 Bond Program

Posted on: November 4, 2020
street maintenance 1.png

Preventive Street Maintenance Program

Posted on: February 25, 2021
Leaderhsip Team

Get to Know Us

Posted on: August 14, 2020
City Point Rendering

City Point Development

Posted on: December 18, 2019
See Tracks? Think Train Sign

Rail Safety

Posted on: December 31, 2019