Page 91 - FortWorthFY22AdoptedBudget

General Fund

Ad Valorem Property Tax Comparison

COMPARATIVE SUMMARY OF AD VALOREM TAX LEVIES AND COLLECTIONS

Adopted Adopted Adopted Adopted
FY2019 FY2020 FY2021 FY2022

Adjusted Net Taxable Value $67,362,207,443 $76,994,164,245 $79,878,186,534 $87,373,928,947

Tax Rate 0.7850 0.7475 0.7475 0.7325
Operating & Maintenance (O&M) 0.6300 0.5950 0.5950 0.5850
Debt Service (I&S) 0.1550 0.1525 0.1525 0.1475

Total Levy $528,793,328 $575,531,378 $597,089,444 $640,014,030

Collection Rate 98.50% 98.50% 98.25% 98.25%
Total Collection of Levy $520,861,428 $566,898,407 $586,640,379 $628,813,784

Estimated Levy Lost due to Frozen (6,192,252) (7,892,432) (9,335,929) (11,160,492)
TIF Contributions ($22,976,696) ($17,736,974) ($20,507,004) ($21,610,735)

Budgeted Revenues
General Fund (O&M) $395,989,067 $430,842,884 $443,203,318 $476,020,336
General Debt Fund (I&S) $97,425,882 $110,426,117 $113,594,128 $120,022,221
Subtotal Current Property Taxes $493,414,949 $541,269,001 $556,797,446 $596,042,557
OTHER PROPERTY TAXES

Vehicle Inventory $267,600 $221,440 $221,440 $197,422
Delinquent Property Taxes (O&M) $3,600,000 $3,600,000 $3,600,000 $3,600,001
Delinquent Property Taxes (I&S) $850,000 $850,000 $850,000 $550,000
Interest/Penalty Charges (O&M) $2,101,356 $2,101,356 $2,101,356 $2,101,356
Interest/Penalty Charges (I&S) $500,000 $500,000 $500,000 $500,000
Subtotal Other Property Taxes $7,318,956 $7,272,796 $7,272,796 $6,948,779

TOTAL PROPERTY TAXES

Operating Taxes (O&M) $401,958,023 $436,765,680 $449,126,114 $481,919,115
Debt Service Taxes (I&S) $98,775,882 $111,776,117 $114,944,128 $121,072,221

Page 91 of 581