Page 315 - Honorable Mayor and Members of the City Council

COMMUNITY PROFILE

TAXATION

Citizens of Benbrook are assessed ad valorem taxes by the City of Benbrook, Tarrant County, the Fort Worth
Independent School District, Tarrant County College, and the Tarrant County Hospital District. The Tarrant Appraisal
District (TAD) assesses property throughout Tarrant County. Every year, TAD re-appraises a quadrant of the County;
Benbrook has a complete re-assessment every four years. Through TAD, homestead, disability, veterans, and over-65
exemptions are available. The City has a policy to grant tax abatements for qualified industries. The City contracts
with TAD for these services. In October 1998, the City contracted with Tarrant County to bill and to collect all ad
valorem taxes. The City contracts with a local legal firm to collect delinquent taxes. The sales tax in Benbrook is 8.25
percent and is distributed among the City (1.00%), the State of Texas (6.25%), the Benbrook Economic Development
Corporation (0.50%), and Benbrook Library District (0.50%). Like all Texas cities, Benbrook does not have State
corporate or personal income tax. The State Franchise Tax is 0.50 to 1.00 percent of total revenue depending upon the
entity. Unemployment insurance is 2.70 percent of the average industry rate, based on experience.

FINANCIAL INSTITUTIONS

Benbrook has four financial institutions within the city limits: BBVA Compass Bank, JP Morgan Chase Bank, Pinnacle
Bank, and Wells Fargo Bank.

EDUCATION

Benbrook is part of the Fort Worth Independent School District. Two elementary schools are located totally within
Benbrook. Benbrook Elementary currently has 729 students and a 27:1 ratio of students to teachers. Westpark
Elementary currently has 489 students and a 22:1 student/teacher ratio. Benbrook students comprise a portion of the
809 students who attend Waverly Park Elementary School. Benbrook students attend middle school in two schools:
Benbrook Middle School, which opened in located in 2011, and has 761 students with a 25:1 student/teacher ratio and
Leonard Middle School with 726 students and a 27:1 student/teacher ratio. Western Hills High School is located within
Benbrook's city limits. The student/teacher ratio at Western Hills High School is 27:1 with 1,208 students from
Benbrook and from Fort Worth; the average SAT score for students is 1,180. Benbrook High School has 135 students
with a student/teacher ratio of 30:1.

CITY OF BENBROOK 2018-19 ANNUAL BUDGET
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