Page 60 - Fort Worth City Budget 2019

Budget Highlights

According to the certified data from the Tarrant Appraisal District, the average appraised value of a home in the
City of Fort Worth is $179,238. Assuming the home is located with in the Fort Worth Independent School District
and Tarrant County jurisdictions, the taxes are estimated to be $4,311. The chart below demonstrates how taxes
are shared among the taxing entities.

FY2019 PROPERTY TAX RATE DETAIL
Where Your Tax Dollars Go

Tarrant County, 9.7%

Fort Worth ISD, Hospital District,
48.4% 9.3%

Tarrant County
Community College
District, 5.7%
City of Fort Worth,
26.1% Regional Water
District, 0.8%

The estimate of the FY2019 tax revenue is based on the certified roll provided by the central appraisal districts of
Tarrant, Denton, Wise and Parker Counties in July 2018. The assumed collection rate is 98.5 percent. Other factors
affecting current property tax revenue are the exemptions to assessed valuation authorized by the State and
additional exemptions and freezes granted on a local option and approved by City Council. The most significant
exemptions approved by the City Council are the general homestead exemption of 20 percent available to all
residential homestead properties, an additional $40,000 homestead exemption granted to senior citizens, and the
Freeport exemption for commercial goods to be exported from the state.

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