Page 3 - Keller Budget FY21

Filed
Tarrant County Clerk's Office
Mary Louise Nicholson, County Clerk
2021-10-05 3:50 PM
As required by Section 102.007 of the Local Government

Code, the City of Keller is providing the following statement
on this cover page of its adopted budget:

This budget will raise less revenue from property taxes than

last year's budget by an amount of $620,407 which is a 2.6
percent decrease from last year’s budget. The property tax

revenue to be raised from new property added to the tax roll
this is $290,304.

The members of the governing body voted on the budget adoption as follows:

FOR: Mayor Pat McGrail, Mayor Pro Tem Sean Hicks, Mitch Holmes, Sheri Almond,
Beckie Paquin, Chris Whatley, Tag Green
AGAINST: None
PRESENT and not voting: None
ABSENT: None

The Adopted Budget is based upon a tax rate of $0.3950

per $100 of valuation which is a reduction of $0.0049 per
$100 from the current tax rate of $0.3999 per $100 and is

the seventh tax rate decrease in a row. In addition, the City
increased the homestead exemption from 12% to 14%.

Below is a breakdown of tax rates and changes from FY
2017-18 to FY 2020-21.

Tax Rate
(Per $100) FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21
Adopted $0.427500 $0.413250 $0.39990 $0.39500

No New Revenue $0.418194 $0.413279 $0.401949 $0.417588
Voter-Approval $0.432694 $0.413302 $0.431064 $0.416278
Homestead 8% 10% 12% 14%
Exemption

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