Page 69 - FortWorthFY22AdoptedBudget

Budget Highlights

Revenue Highlights

This section covers the City’s revenues presented by source for all of the city’s operating funds. The total sources
of revenue for the city are as follows:

Charge for Service, Property Tax, and Sales Tax make up 75% of all city operating revenues. Charge for service is
received by multiple city funds, including the general fund and enterprise funds, property tax is received by the
general fund, debt service, and applicable tax increment reinvestment zone funds, and sales tax is only received
by the general fund and the crime control and prevention district fund. The following provides information on
each source of revenue with emphasis on the general fund.

GENERAL FUND

Property Taxes
In keeping with City Management goals to maintain/lower the property tax rate, the FY2022 Adopted Budget
lowers the city’s property tax rate from $0.7475 per $100 net taxable valuation to $0.7325 per $100 net taxable
valuation. Comparison’s are shown below for the Tax Rate, Appraised Value, and Adjusted Net Taxable Value.

Variance
Comparison FY2021 FY2022 $ %
Tax rate per $100 of value $ 0.7475 $ 0.7325 $ (0.0150) -2.0%
Appraised Value 109,589,513,027 116,686,701,862 $7.1B 6.5%
Adjusted Net Taxable Value 79,878,186,534 87,373,928,947 $7.5B 9.4%

Adjusted Net Taxable Value is the basis for the city’s property tax revenue calculation.

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