Page 3 - FY 19 Budget Forecast 91218.xlsx
P. 3
Filed
Tarrant County Clerk's Office
Mary Louise Nicholson, County Clerk
2021-10-05 3:49:57 PM
As required by Section 102.005 of the Local Government
Code, the City of Keller is providing the following statement
on this cover page of its proposed budget:
This budget will raise more total property taxes than last
year's budget by $610,047 or 2.6%, and of that amount
$537,009 is tax revenue to be raised from new property
added to the tax roll this year.
The members of the governing body voted on the budget adoption as follows:
FOR: Mayor Pat McGrail, Mayor Pro Tem Ed Speakmon, Mitch Holmes, Sean Hicks, Eric
Schmidt, Chris Whatley, Tag Green
AGAINST: None
PRESENT and not voting: None
ABSENT: None
The Proposed Budget is based upon a proposed tax rate of
$0.413250 per $100 of valuation which is a reduction of
$0.01425 per $100 from the current tax rate of $0.42750
per $100 and is the fifth tax rate decrease in a row. In
addition, the City increased the homestead exemption from
8% to 10%. Below is a breakdown of tax rates and changes
from FY 2015-16 to FY 2018-19.
FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19
Tax Rate
(per $100) $0.434690 $0.430000 $0.427500 $0.413250
Effective Rate $0.441590 $0.408854 $0.418194 $0.413279
(per $100)
Rollback Rate $0.457140 $0.439381 $0.432694 $0.413302
(per $100)
Homestead 1% 4% 8% 10%
Exemption
1