Budget for Tarrant county appraisal district

Budget for TAD Tarrant County

The TAD Tarrant County is funded by the 72 taxing jurisdictions it serves, with funding allocations based on each jurisdiction’s proportionate share. The Tarrant Appraisal District (TAD) operates on a $29.43 million budget for FY 2024, up from $28.63 million in FY 2023. The majority (96.76% or $28.48M) comes from taxing unit allocations, with additional funding from interest earnings ($250K), data sales ($5.2K), 911 district payments ($197K), and penalty payments ($150K). A $350K transfer from unrestricted funds also contributes to the budget. This funding ensures accurate property appraisals, efficient operations, and compliance with Texas property tax laws.

TAD Tarrant County
Harris County Appraisal District

2024 Budget Insights: Key Changes and Trends 

  • Total payroll costs increased from $22.03 million in 2023 to $22.71 million in 2024. driven by rises in direct salaries ($17.37M), retirement benefits ($2.39M), and group insurance benefits ($2.96M).
  • Other operational costs grew from $6.60 million in 2023 to $6.72 million in 2024, with higher legal expenses ($1.76M), professional services ($1.18M), and office costs ($162,635), while ARB compensation and capital outlay decreased.
  • The total budget rose from $28.63 million in 2023 to $29.43 million in 2024, reflecting a $797,517 increase due to higher legal, professional, and workforce expenses.

The TAD Tarrant County budget adjustments reflect evolving priorities in workforce expenses, property appraisals, and legal operations:

TAD Tarrant County Property Values Overview 

In 2023, TAD Tarrant County saw significant property value growth, reflecting the region’s strong economic momentum. This highlights the dynamic property market and TAD’s pivotal role in managing fair and accurate property appraisals across the county.

  • Single-family residences were appraised at $245.37 billion, making up a significant portion of Tarrant County’s property market.
  • Commercial real estate was valued at $140.61 billion, with a stable median appraisal level and a coefficient of dispersion of 9.82.
  • Rural and non-qualifying properties had a price-related differential of 1.18, indicating some variability in appraisal accuracy.
HCAD
TAD Tarrant County

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