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PROPERTY TAXES $114.4 MILLION, 43.1% OF GENERAL FUND REVENUES
The largest single revenue source for the General Fund is the Property Tax. In FY 2022, this revenue represents 43.1% of
General Fund revenues, down from 43.3% in FY 2021. The total assessed value of taxable property in the City is $31.59 billion.

The adopted ad valorem tax rate in FY 2022 is Increase
$0.6198 per $100 of assessed value, which is 0.27 FY 2021 FY 2022 (Decrease)
cents lower than the FY 2021 rate. The General
Fund’s portion of the adopted rate is 40.98 cents General Fund Tax Rate 40.85 40.98 0.13
per $100 of assessed value, which represents Debt Service Tax Rate 21.40 21.00 (0.40)
66.1% of the total tax rate. As the chart to the right Total Property Tax Rate 62.25 61.98 (0.27)
indicates, the allocation of the property tax rate
between Debt Service and the General Fund shifts in FY 2022, with the General Fund’s portion increasing by 0.13 cents and
the Debt Service portion decreasing by 0.40 cents. As shown in the accompanying bar chart, the property tax base grew by
5.9% in FY 2022, better than anticipated after the small increase in FY 2021 that followed four years of strong growth. General
Fund revenues from this growth are anticipated
to increase in FY 2022 by approximately $7.2
million from the FY 2021 estimates.

The 5.9% growth in the property tax base results
in a value increase of $1.76 billion from the
certified roll received in July of last year, as
shown below.

Certified Roll, July 2020: $29,826,068,819
Increase in values: 1,759,508,709
Certified Roll, July 2021: $31,585,577,528

The graph to the right shows the tax
rate history in the City since FY 2010.
The adopted rate of $0.6198 per $100
of assessed value represents the sixth
consecutive year in which the City has
lowered its ad valorem tax rate.

FY 2022 Adopted Budget and Business Plan 3 City of Arlington, Texas