All local jurisdictions are required by Section 6.06(d) of the Texas Property Tax Code to fund the local county appraisal district. The City of Fort Worth's pro-rata share for Tarrant Appraisal District's (TAD) 2019 calendar budget is 10.6 percent based upon the City's portion of property value within the District. The total annual 2019 budget for TAD is $24,912,805.00, bringing the City's portion of expenses to $2,640,741.11.
In 2018, The City's pro-rata share was $2,534,138.00.
The increase for 2019 is attributable primarily to 3% increase in payroll costs and appraisal review board compensation. The size of the review board membership has increased to keep pace with the increasing number of protests TAD is required to review every year.
TAD Costs Comparison 2018 to 2019
| ||TAD Total Budget||CFW Allocation||% of Total|
|% Increase from PY||5.17%||4.21%|| |
| || || || |
TAD operates on a January through December fiscal year. The City will make quarterly payments in the amount of $660,185.28. This Mayor and Council Communication covers the calendar months of January 1, 2019 through December 31, 2019 with nine months falling in the City's current Fiscal Year 2019 and the remaining three months in the City's Fiscal Year 2020.
This contract will be with a governmental entity, state agency or public institution of higher education: Tarrant Appraisal District.