Annual Report. Of the 2017 Appraisal Year

Transcription

1 Annual Report Of the 2017 Appraisal Year 1

2 Table of Contents Welcome from Chief Appraiser 3 Board of Directors 4 Entities Served in General Statistical Information 6 Customer Service 13 Taxpayer Appeal Results 14 PTAD Map Results 15 Financial Results 16 Recognized Achievements 21 2

3 A Welcome From the Executive Director/Chief Appraiser It is my pleasure to present the Annual Report of the Tarrant Appraisal District (TAD) for This report endeavors to provide specific information about the operations of TAD. It is designed to give the reader a summary of information that is also available on our website in various formats. It highlights the results of our appraisal operations, taxpayer assistance programs, the appeals process and financial stewardship. We pride ourselves on being a premier appraisal district in the State of Texas and beyond. It is my fervent hope and desire that the public we serve will readily recognize this through the service and work product they experience. If you know of ways that we can do a better job in any area, I welcome your feedback! You can send me your thoughts at 2500 Handley-Ederville Rd in Fort Worth (76118), or me at jlaw@tad.org. Sincerely, Jeff Law Executive Director/Chief Appraiser 3

4 Board of Directors Members of the Board of Directors Chairman Joe Potthoff Secretary John Molyneaux Johnny Bennett Mark Wood Mike O Donnell Ron Wright 4

5 Entities Served in 2017 CITIES Arlington Everman Lakeside Sansom Park Azle Flower Mound Lake Worth Southlake Bedford Forest Hill Mansfield Trophy Club Benbrook Fort Worth North Richland Hills Watauga Blue Mound Grand Prairie Pantego Westlake Burleson Grapevine Pelican Bay Westover Hills Colleyville Haltom City Reno Westworth Village Crowley Haslet Richland Hills White Settlement Dalworthington Gardens Hurst River Oaks Edgecliff Village Keller Roanoke Euless Kennedale Saginaw SCHOOLS Aledo ISD Everman ISD Mansfield ISD Arlington ISD Fort Worth ISD Northwest ISD Azle ISD Godley ISD White Settlement ISD Birdville ISD Grapevine/Colleyville ISD Burleson ISD Hurst-Euless-Bedford ISD Carroll ISD Keller ISD Castleberry ISD Kennedale ISD Crowley ISD Lake Worth ISD Eagle Mountain/Saginaw ISD Lewisville ISD COUNTY & OTHER DISTRICTS Tarrant County Hospital District College District Emergency Services District #1 Regional Water District Trophy Club MUD Live Oak Creek MUD Viridian Management District 5

6 General Statistics 2017 Budget Distribution by Percentage of Total Dept Number Department ACTUAL BUDGET BUDGET % CHANGE 1000 Residential Appraisal 3,763,393 $ 4,282,302 4,276, % 1500 BPP / Utilities / Minerals 2,152,305 $ 2,327,604 2,487, % 2000 Commercial Appraisal 3,613,803 $ 4,026,403 4,137, % 4000 Information Systems 2,872,741 $ 2,690,977 2,839, % 5000 Support Services 1,744,683 $ 2,026,054 3,235, % 5500 Land Management 1,092,260 $ 1,327,914 1,599, % 6000 Appraisal Review Board 525,224 $ 887, , % 8000 Administration 1,384,147 $ 1,492,707 1,534, % 9000 General Operations 2,394,278 $ 2,171,470 2,192, % Totals $ 19,542,834 $21,232,727 $ 23,145, % 6

7 2017 Budget Tarrant Appraisal District Staffing All Divisions/ Departments Department Change 2017 Salary Budget Residential Appraisal (1000) $ 2,845,472 BPP / Utilities / Minerals (1500) Commercial Appraisal (2000) Information Systems (4000) $ 1,435, $ 2,744, $ 1,558,239 Support Services (5000) $ 1,306,539 Land Management (5500) $ 771,618 Administration (8000) $ 1,045,484 General Operations (9000) $ 230,853 Totals $11,938,429 7

8 Tarrant Appraisal District Year Code Jurisdiction Appraised Value Accounts Net Taxable Value Accounts Tarrant County $ 210,613,111,483 1,755,231 $164,619,428,009 1,715, Tarrant County $190,364,023,596 1,694,956 $149,393,613,447 1,675, Tarrant County $171,344,257,702 1,663,341 $133,178,882,485 1,635, Tarrant County $166,550,432,419 1,459,389 $135,529,907,137 1,328, Tarrant County $158,238,342,804 1,086,160 $126,858,702,396 1,012, Tarrant County $153,865,032, ,112 $124,676,098, , Tarrant County $150,625,472, ,341 $123,043,200, , Tarrant County $147,781,930, ,981 $120,591,494, , Property Types Market Appraised Accounts Taxable Real Estate Residential $113,613,894, ,980,882, ,481 $100,977,750,434 Real Estate Commercial $72,101,177,358 $72,085,569,050 58,325 $48,569,653,634 Real Estate Industrial $1,510,082,821 $1,510,082, $1,434,665,135 Personal Property Commercial $24,253,476,033 $24,253,472,351 56,695 $18,488,176,114 Personal Property Industrial $4,880,717,784 $4,880,717,784 1,185 $3,183,963,722 Mineral Lease Properties $883,048,761 $883,048,761 1,042,815 $826,221,834 Agriculture Properties $1,719,179,973 $19,338,451 4,784 $19,326,329 Totals $218,961,577,685 $210,613,111,483 1,755,231 $173,499,757, New Construction Market New Value Accounts Taxable All Real Estate $6,019,266,137 $3,568,984,118 8,197 $5,126,872,500 New business in improvement 293,918, ,918, ,154,802 Total New Construction $6,313,184,757 $3,862,902,738 8,346 $5,403,027,802 New Construction in Residential $2,491,596,334 $1,465,651,555 7,630 $2,441,374,076 New Construction in Commercial $3,527,669,803 $2,103,332, $2,685,498, Cases Before ARB Market Appraised Accounts Taxable $8,181,122,435 $7,969,382,677 22,945 $7,031,998,555 8

9 Tarrant Appraisal District Exemption Detail Market Exempt Accounts Appraised Absolute Public $16,288,294,519 $16,283,556,909 18,671 $16,288,294,519 Absolute Charitable $3,235,762,569 $3,234,815,664 1,715 $3,235,762,569 Absolute Miscellaneous $15,376,145 $15,376, $15,376,145 Absolute Religious and Private Schools $3,228,856,362 $3,215,156,725 3,479 $3,228,856,362 Indigent Housing Nominal Value $10,063,814 $10,063, ,837 $10,063,814 Disabled Vet 10-29% $453,301,571 $10,173,422 2,043 $422,869,284 Disabled Vet 30-49%` $320,473,321 $10,603,848 1,419 $303,499,677 Disabled Vet 50-69% $362,597,548 $15,620,890 1,569 $343,508,428 Disabled Vet 70-99% $1,717,262,103 $97,734,960 8,169 $1,579,733,420 Disabled Vet 100% $690,374,415 $536,992,217 3,084 $642,653,577 Surviving Spouse Disabled Vet 100% $72,251,655 $44,264, $63,692,524 Donated Disabled Vet $275,386 $165,232 1 $275,386 Surviving Spouse Donated Disabled Vet $102,660 $68,310 1 $68,310 Surviving Spouse KIA Armed Service $1,008,304 $950,765 4 $950,765 Member Transfer Base Value for SS Disable Vet $3,817,311 $2,847, $3,734,925 Inventory $10,372,247,118 $4,905,005, $10,372,247,118 Homestead State Mandated-General Homestead State Mandated-Over Homestead State Mandated-Disabled Person Homestead Local Option-General Homestead Local Option-Over 65 $20,466,190,654 $4,658,967,238 95,756 $18,376,426,497 Homestead Local Option-Disabled Person $1,088,152,483 $70,484,081 7,069 $970,079,052 Solar & Wind Powered Devices $11,144,779 $273, $10,014,434 Pollution control $1,526,926,174 $27,442, $1,526,926,174 Community Housing Development $230,679,693 $230,679, $230,679,693 Abatements $1,199,916,863 $523,087, $1,199,916,863 Historic Sites $33,600,453 $26,653, $32,543,606 Foreign Trade Zone $743,635,032 $538,066, $743,635,032 Misc. Personal Property (Vehicles, etc.) $543,218,454 $255,047, $534,218,454 $34,714,028, ,439 9

10 Tarrant Appraisal District Average Value of Single-Family Residential Property September 1, 2017 Code Jurisdiction Average Market Value Net Taxable Value 921 Aledo ISD $452,629 $421, City of Arlington $177,939 $129, Arlington ISD $174,311 $141, City of Azle $165,365 $147, Azle ISD $179,559 $146, City of Bedford $216,645 $187, City of Benbrook $195,539 $169, Birdville ISD $173,010 $137, City of Blue Mound $94,643 $83, City of Burleson $185,622 $175, Burleson ISD $184,499 $151, Carroll ISD $681,080 $615, Castleberry ISD $96,236 $69, City of Colleyville $557,676 $503, City of Crowley $149,389 $136, Crowley ISD $180,257 $138, Dalworthington Gardens $411,942 $380, Eagle Mountain/ Saginaw ISD $194,297 $164, Edgecliff Village $157,240 $146, City of Euless $205,088 $154, City of Everman $87,837 $66, Everman ISD $110,020 $79, Flower Mound $539,215 $529, City of Forest Hill $94,837 $67, City of Fort Worth $175,701 $134, Fort Worth ISD $163,097 $133, Godley ISD $341,885 $306, City of Grand Prairie $225,601 $201, City of Grapevine $326,532 $239, Grapevine-Colleyville ISD $397,063 $337, H.E.B. ISD $204,015 $161, Haltom City $114,792 $86, City of Haslet $369,037 $271, City of Hurst $190,698 $133, City of Keller $387,291 $331, Keller ISD $287,522 $250, City of Kennedale $224,015 $197, Kennedale ISD $197,724 $161, City of Lake Worth $103,430 $79, Lake Worth ISD $113,986 $78, Lakeside $206, $172,906

11 Tarrant Appraisal District Average Value of Single-Family Residential Property September 9, 2017 Code Jurisdiction Average Market Value Net Taxable Value 924 Lewisville ISD $534,627 $509, City of Mansfield $252,831 $230, Mansfield ISD $234,221 $201, North Richland Hills $222,586 $170, Northwest ISD $251,992 $223, Pantego $210,699 $139, City of Pelican Bay $40,348 $37, City of Reno $40,000 $40, City of Richland Hills $129,697 $108, City of River Oaks $96,171 $85, City of Saginaw $163,917 $145, City of Sansom Park $68,307 $57, City of Southlake $700,186 $540, Tarrant County $210,021 $186, City of Trophy Club $345,142 $307, City of Watauga $144,455 $123, Westlake $1,768,352 $1,470, Westover Hills $2,130,844 $2,016, Westworth Village $234,803 $178, City of White Settlement $97,239 $68, White Settlement ISD $138,850 $108,041 Notices Mailed Year 2017 Total Value Notices mailed in ,363 Total Value Notices mailed with value date in 2017 Total Value Notices mailed with value date from prior years 798,342 22,021 11

12 Minerals Total Number of Accounts 1,200,000 1,000,000 *2018 Projected 972,967 1,000,166 1,044,586 1,050, , , , , , , , , , $5,000,000,000 $4,500,000,000 $4,000,000,000 $3,500,000,000 $4,514,222,865 $4,387,577,040 $3,520,990,069 Market Value *2018 Projected $3,000,000,000 $2,500,000,000 $2,546,464,810 $2,788,451,920 $2,725,727,000 $2,000,000,000 $1,500,000,000 $1,000,000,000 $500,000,000 $- $985,149,360 $884,435,590 $825,000,

13 Customer Service Activities Total 2017 partial exemption entered through workflow 45,534 Exemption Denials 2,295 Exemptions Canceled 2,876 Applications mailed (partial exemption) 11,750 Applications (absolute exemption) processed 227 Address/Owner changes 113,187 Letters requesting additional information 7,931 Letters processed (exemption denial - certified) 2,286 Letters (other) 2,019 Returned Mail 59,823 Exemption removal documents completed 16 Mailing address updates 28,745 Split/combinations prepared 1,172 Obituaries Processed 13,471 Tax ceiling transfer certificates, automated 1,281 Tax ceiling transfer certificates, hand calculated N/A Incoming telephone calls 113,778 Outgoing telephone calls 4,982 Customers served at counter 50,259 Spanish Calls 2,699 Webmaster s 5,344 13

14 Taxpayer Appeal Results 2017 Volume Value Total Protests Filed 130,388 $85,925,350,403 Values Lowered (through informal and ARB hearings) Number of Protests scheduled for hearings before ARB or Panel 89,307 $9,197,558,825 63,502 $50,491,139,452 Breakdown of Total Protests Filed Single-Family Residential 92,052 $26,633,320,464 Multi-family residential 6,713 $16,925,533,283 Commercial-Real and Personal 18,008 $34,877,568,444 Oil and Gas 521 $60,548,180 14

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16 Financial Results Tarrant Appraisal District Statement of Financial Condition As of December 31, 2017 Audited ASSETS: Cash $2,577,498 Short-Term Investments 11,187,962 Taxing Entities Receivable - Accrued Interest Receivable 286 Other Receivables 19,640 Inventory of Supplies - Other Prepaid Expenses 22,781 Prepaid Deeds FTP Escrow Account 1,225 Prepaid Postage 39,186 Fixed Assets Net of Accumulated Depreciation: Furniture & Equipment 43,666 Leasehold Improvements 119,024 Computer Software - Computer Equipment 126,203 Land 301,409 Building 149,491 Equipment and Software Under Capital Lease 4,462 Computerized Assisted Mass Appraisal (CAMA) System 1,748,718 Amounts to be Provided in Future Periods: Capital Lease Obligation Folder/Inserter Machine 4,872 Capital Lease Obligation Production Printers - Capital Lease Obligation TAD Office Building - Employee Vacation Time 922,800 Employee Compensatory Time 102,946 Employee Vested Sick Leave Time 834,531 TOTAL ASSETS AND OTHER DEBITS 18,206,700 LIABILITIES AND FUND EQUITY Liabilities: Accounts Payable $ 789,533 Accrued Payroll Expense 521,123 Capital Lease Obligations 4,872 Capital Lease Obligations TAD Office Building - Employee Leave Obligations 1,860,277 Total Liabilities 3,175, Deferred Revenue Deferred Revenue 3,741,627 Fund Equity: Investment in Fixed Assets 2,492,973 Reserved for Inventory Supplies - Reserved for Other Prepaid Expenses 22,781 Reserved for Prepaid Deeds FTP Escrow Account 1,225 Reserved for Prepaid Postage 39,186 Reserved for CAMA Committed Fund 1,942,768 Reserved for Building Maintenance Committed Fund 200,000 Reserved for Technology Committed Fund 250,000 Reserved for Retirement Unfunded Liabilities - Reserved for Board Resolution for Contingencies 3,865,260 For Remainder of Fiscal Year Budget 2,475,076 TOTAL LIABILITIES AND FUND EQUITY 18,206,700 16

17 Tarrant Appraisal District Year to Date Expenditures Twelve Months Ending December 31, 2017 Audited EXPENDITURE ALLOCATION PROFESSIONAL & FINANCING 13% CAPITAL & CONTINGENCIES 1% FACILITIES 1% TRAINING 0% MATERIAL & SERVICES 8% STAFFING 77% RECAPITULATION SUMMARY DESCRIPTION YEAR TO DATE % of BUDGET USED STAFFING $ 16,664, % MATERIAL & SERVICES $ 1,734, % TRAINING & TRAVEL $ 72, % FACILITIES $ 190, % PROFESSIONAL & FINANCING $ 2,875, % CAPITAL & CONTINGENCIES $ 108, % TOTAL $ 21,647, % 17

18 Tarrant Appraisal District Expenditure Report All Departments Summary Twelve Months Ending December 31, 2017 Audited % OF ACTUAL 2017 BUDGET ACCOUNT DESCRIPTION MONTH TO DATE BUDGET USED 3001 SALARIES-PRODUCTIVE PAY $ 655,728 $ 9,457,750 $12,333, % 3002 FIXED AUTO ALLOWANCES $ 51,416 $ 631,182 $ % 3035 CASH OVERTIME PAY $ 189,195 $ 245,934 $ 59, % 3005 VACATION PAY $ 84,456 $ 863,241 $ SICK LEAVE PAY $ 53,958 $ 541,564 $ COMPENSATORY TIME PAY $ 20,145 $ 203,267 $ HOLIDAY PAY $ 102,301 $ 530,585 $ TEMPORARY/PART TIME PAY $ - $ 68,802 $ 76, % 3085 CONTRACT LABOR $ 9,427 $ 95,373 $ 92, % TOTAL SALARIES & CONTRACT LABOR $1,166,625 $12,637,700 $13,259, % 3065 MEDICARE / FICA TAXES $ 14,100 $ 180,261 $ 192, % 3080 UNEMPLOYMENT INSURANCE $ - $ - $ 26, % 3095 WORKERS COMPENSATION INSUR- ANCE $ 13,897 $ 28,893 $ 58, % TOTAL MANDATED FRINGE BENEFITS $ 27,997 $ 209,154 $ 277, % 3050 HEALTH INSURANCE $ 144,810 $ 1,941,956 $ 2,240, % 3055 DENTAL INSURANCE $ 5,611 $ 65,932 $ 80, % 3060 LIFE INSURANCE $ 2,376 $ 13,843 $ 14, % 3075 DISABILITY INSURANCE $ 1,739 $ 19,460 $ 22, % 3045 RETIREMENT PLAN CONTRIBUTIONS $ 118,767 $ 1,496,715 $ 1,569, % 3047 PENSION LIABILITY CONTRIBUTIONS $ 280,000 $ 280,000 $ - 0.0% TOTAL OTHER FRINGE BENEFITS $ 553,302 $ 3,817,906 $ 3,926, % TOTAL PERSONNEL COSTS $1,747,924 $16,664,759 $17,464, % 4001 MISCELLANEOUS $ 7,575 $ 32,040 $ 38, % 4002 FURNITURE & EQUIPMENT < $5,000 $ - $ 16,034 $ 5, % 4003 COMP/ELECTRONIC/TECH < $5,000 $ 16,437 $ 61,841 $ 133, % 4005 OFFICE SUPPLIES $ 2,313 $ 19,255 $ 35, % 4006 GRAPHICS & MAPPING SUPPLIES $ - $ 453 $ 4, % 4020 POSTAGE FREIGHT & MAIL SERVICE $ 69,599 $ 455,458 $ 456, % 4025 REPRODUCTION AND MICROFICHE $ 117 $ 1,261 $ 3, % 4030 COMPUTER SUPPLIES $ - $ 20,019 $ 25, % 4045 PRINTING $ 55 $ 28,499 $ 28, % 4050 ADVERTISING $ 15 $ 10,569 $ 16, % 4065 HARDWARE RENTALS $ - $ 312 $ 1, % 4070 SOFTWARE FEES $ 7,169 $ 515,503 $ 523, % 4075 HARDWARE MAINTENANCE $ 5,437 $ 112,406 $ 140, % 4100 DUES & SUBSCRIPTIONS $ 5,131 $ 71,836 $ 95, % 5050 MAPPING SERVICES $ - $ 388,900 $ 494, % TOTAL MATERIAL & SERVICES $ 113,849 $ 1,734,385 $ 2,001, % 18

19 Tarrant Appraisal District Expenditure Report All Departments Summary Twelve Months Ending December 31, 2017 Audited (CONT.) 5010 TRAVEL EXPENSE $ 9,002 $ 37,795 $ 74, % 5015 TRAINING EXPENSE $ 117 $ 35,013 $ 88, % TOTAL TRAVEL & TRAINING $ 9,119 $ 72,808 $ 163, % 4010 OFFICE RENTAL $ 140 $ 10,046 $ 10, % 4015 INSURANCE $ - $ 19,515 $ 20, % 4035 UTILITIES $ 4,878 $ 72,485 $ 77, % 4055 COMMUNICATIONS $ 6,043 $ 90,896 $ 75, % 4060 JANITORIAL SERVICE & SUPPLIES $ 2,424 $ 16,420 $ 26, % TOTAL FACILITIES $ 13,485 $ 190,951 $ 216, % 5025 LEGAL & LITIGATION EXPENSE $ 480,925 $ 1,106,.728 $ 808, % 5030 APPRAISAL REVIEW BOARD FEES $ 5,360 $ 966,070 $ 600, % 5035 ARBITRATION EX- PENSE $ 5,500 $ 21,243 $ 16, % 5040 OTHER PROFESSIONAL SERVICES $ 65,289 $ 781,259 $ 1,676, % 5060 INTEREST EXPENSE $ 42 $ 642 $ % TOTAL PROFESSIONAL & FINANCING SERVICES $ 557,117 $ 2,875,943 $ 3,100, % 6501 FURNITURE & EQUIPMENT $ 5,249 $ 20,153 $ 3, % 6502 CAPITAL LEASE PAYMENTS $ 132 $ 12,774 $ 15, % 6503 LEASEHOLD IMPROVEMENTS $ - $ - $ COMPUTER SOFT- WARE $ - $ - $ 48, % 6505 COMPUTER HARDWARE $ - $ 75,602 $ 31, % 6506 CAMA SYSTEM $ - $ - $ - 0.0% 6005 CONTINGENCIES $ - $ - $ 100, % TOTAL CAPITAL OUTLAY & CONTINGENCIES $ 5,381 $ 108,529 $ 198, % TOTAL $2,446,875 $ 21,647,375 $23,145, % 19

20 Tarrant Appraisal District Revenue Report For Twelve Months Ending December 31, 2017 Audited YEAR ANNUAL TO REVENUE % MONTH DATE BUDGET REALIZED TAXING ENTITY ALLOCATIONS $ 1,785,004 $21,420,070 $21,420, % INTEREST ON BANK CERTIFI- CATES $ 11,838 $ 51,217 $ 20, % DATA SALES & MISCELLANEOUS $ 388 $ 7,036 $ 5, % 911 DISTRICT CONTRACT PAYMENT $ - $ 150,000 $ 150, % RENDITION PENALTY PAYMENTS $ 33,260 $ 161,174 $ 100, % TRANSFER FROM CONTINGENCY RESERVE $ - $ - $ 150, % TRANSFER FROM UNRESTRICTED/UNASSIGNED $ - $ - $ 1,300, % TOTAL REVENUE $ 1,830,491 $21,789,497 $23,145, % OTHER FINANCING SOURCES / (USES): PROCEEDS FROM CAPITAL LEASES $ 5,249 5, ENTITY REFUNDS TOTAL FUNDING FROM ACTIVITIES $ 1,835,740 $21,794,746 $23,145, % USE OF COMMITTED FUNDS: CAMA FUND FOR SOFTWARE PURCHASE $ - BUILDING MAINTENANCE FUND $ - TOTAL FUNDS AVAILABLE $ 1,835,740 $21,794,746 $23,145, % 20

21 Recognized Achievements: The GFOA Award The Certificate of Achievement for Excellence in Financial Reporting has been awarded to Tarrant Appraisal District by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the are of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. *TAD has now been awarded this designation for the past 29 consecutive years. 21

22 Recognized Achievements: Certificate of Excellence In Assessment Administration The International Association of Assessment Administrators (IAAO) recognizes governmental units and individuals involved with assessment that integrate best practices in the workplace. In 2016, Tarrant Appraisal District became the 35th certified jurisdiction in the CEAA program while also being the 9th certified jurisdiction in Texas. Their reasoning behind pursuing the CEAA was to increase confidence in the public of Tarrant County and to give the staff an additional point of pride. 22