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Budget Highlights
Where Your Property Tax Dollars Go
Tarrant
County
9.6% JPS Hospital
Fort Worth ISD District
49.8% 9.4%
Tarrant County
College District
5.5%
City of Fort Worth
24.6% Regional Water
District
1.2%
The estimate of the FY2022 tax revenue is based on the certified data provided by the central appraisal districts
of Tarrant, Denton, Wise and Parker Counties in July 2021. The assumed collection rate remains at 98.25% for the
purpose of estimating revenue. Other factors affecting current property tax revenue are the exemptions to
assessed valuation authorized by the State and additional exemptions and freezes granted on a local option and
approved by City Council.
The most significant exemptions approved by the City Council are:
· The general homestead exemption of 20 percent available to all residential homestead properties,
· An additional $40,000 homestead exemption granted to citizens who are age 65 and older, and/or
Disabled residence homestead owners; and
· The freeport exemption for commercial goods to be exported from the state.
The table on the next page indicates the loss of taxable value for various exemptions from the certified roll, as
well as calculations for budgeted revenue:
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