Page 14 - FY 2009 Proposed Budget

Budget In Brief
Table of Contents
Table of Contents

PROPERTY TAXES $107.1 MILLION, 43.3% OF GENERAL FUND REVENUES
The largest single revenue source for the General Fund is the Property Tax. In FY 2021, this revenue represents 43.3% of
General Fund revenues, down from 44.1% in FY 2020. The total assessed value of taxable property in the City is $29.83 billion.

The adopted ad valorem tax rate in FY 2021 is Increase
$0.6225 per $100 of assessed value, which is FY 2020 FY 2021 (Decrease)
0.15 cents lower than the FY 2020 rate. The General Fund Tax Rate 44.67 40.85 (3.82)
General Fund’s portion of the adopted rate is
40.85 cents per $100 of assessed value, which Debt Service Tax Rate 17.73 21.40 3.67
represents 65.6% of the total tax rate. As the Total Property Tax Rate 62.40 62.25 (0.15)
chart to the right indicates, the allocation of the
property tax rate between Debt Service and the General Fund shifts in FY 2021, with the General Fund’s portion decreasing by
3.82 cents and the Debt Service portion increasing by 3.67 cents. As shown in the accompanying bar chart, the property tax
base grew by 2.6% in FY 2021, the smallest increase
since FY 2014. General Fund property tax revenues
from this growth are anticipated to decrease in FY
2021 by approximately $9.3 million from the FY 2020
estimates.
The 2.6% growth in the property tax base results in a
value increase of $753 million from the certified roll
received in July of last year, as shown below

Certified Roll, July 2019: $29,073,063,356
Increase in values: 753,005,463
Certified Roll, July 2020: $29,826,068,819

The graph to the right shows the tax rate history
in the City since FY 2009. The adopted rate of
$0.6225 per $100 of assessed value represents
the fifth consecutive year in which the City
lowered its ad valorem tax rate.

2021 Adopted Budget and Business Plan 3 City of Arlington, Texas