Page 61 - Fort Worth City Budget 2019

Budget Highlights

The graph below indicates the loss of taxable value for various exemptions from the certified roll:

Total Appraised Value $91,384,432,852
Less
Agricultural (Deferral) $82,900,715
Scenic Land (Deferral) $0
Disabled Vet $281,403,847
Over 65 $1,432,028,063
Homestead $5,625,122,174
Disabled Person $131,795,702
Inventory $2,379,095,581
Solar / Wind Power $13,905
Pollution Control $6,989,173
Foreign Tradezone $349,860,644
Historic $63,425,785
Prorated Absolute $0
Comm Hse Dev $98,818,539
Abatement Value Loss $420,343,714
PP Nominal Value Loss $5,959,448
Freeze Taxable (Denton/Parker) $225,021
Homestead Cap (Denton/Parker) $13,760,943
Transfer Adjustment (Denton) OV65 $570,291
Misc Personal Property $314,598,610
Absolute abatement $10,412,466,505
Sub-Total Exemptions $21,619,378,660
Net Taxable Value $69,765,054,192
Less
Appraised value of protests $2,658,908,744
Appraised value of incomplete properties $2,568,696,650
Certified Net Taxable Value $64,537,448,798
Plus
Minimum value of protested properties $1,878,886,347
Incomplete properties $1,168,636,458
Adjusted Net Taxable Value $67,584,971,603
Tax Rate per $100 of Value $0.78500
Total Levy $530,542,027

Less
Collection Rate 98.5%
Estimated Collection of Levy $522,583,897
Levy Lost due to Frozen ($6,192,252)
Subtotal
Estimated TIF Contribution ($22,976,696)
Budgeted Revenues $493,414,949

Sales Tax
Revenue from the city’s one cent of the sales tax, exclusive of the one-half cent special use tax for the Crime
Control and Prevention District Fund, is projected to equal $163.2M, an increase of $8.6M or 5.5 percent from the
FY2018 budget. This revenue is dependent on the level of wholesale and retail sales. Over the past ten years the
City of Fort Worth sales tax collection grew from $100M in 2010 to the anticipated amount of $163M in 2019. This
represents a 63.3 percent growth over the last ten years.

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