How are the homestead and senior exemptions applied/calculated?

North Richland Hills residents can receive a 15% homestead exemption, plus a $36,000 exemption if they are a senior citizen (65 and older) or disabled.

We will use a home valued at $200,000 as an example, which was the average Appraised Value of a single family home in North Richland Hills in 2017. The homestead exemption (15% of the Appraised Value) on this property equals $30,000.  This is subtracted from the Appraised Value, making the property's Taxable Value $170,000.

When the homeowner turns 65, they can fill out an application through the Tarrant Appraisal District and receive the senior exemption. This is not in lieu of the 15%, but rather in addition.  If a home with the average Appraised Value of $200,000 has both the 15% Homestead and the $36,000 Senior Exemption on the property, the owner would receive total exemptions of $66,000 ($30,000 + $36,000). This reduces the property's Taxable Value to $134,000.

The current tax rate is applied to the Taxable Value of the property. In this example, at a 59-cent rate, the resident would pay $1,003 in city property tax if they have the homestead exemption or $790.60 in city property taxes if they have both the homestead and senior exemption.

To verify if you have the homestead and / or senior exemption in place, contact the Tarrant Appraisal District at 817-284-0024.

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1. What is the city's property tax rate?
2. Who authorizes the city’s property tax rate?
3. How is city property tax revenue spent?
4. How much does the average NRH homeowner pay in city property tax?
5. Why do some other nearby cities have a lower property tax rate?
6. How does the average tax bill compare to last year?
7. How much additional property tax revenue will the city collect this year, compared to last year?
8. What would be the result if NRH's property tax rate were reduced?
9. How are the homestead and senior exemptions applied/calculated?
10. Why does my property value increase every year?
11. Can I protest my property value?
12. How do my City property taxes compare to other taxes I pay?
13. How is the senior / disabled tax ceiling applied?