Page 3 - City of Westworth Village FY22 Budget

3

Ad Valorem Tax Rate legal notice

This budget is based on no change to the ad valorem tax rate of $0.475 per $100 of valuation.
More revenue will be raised due to new properties coming onto the tax rolls and increased
valuation from redeveloped properties.

This budget will raise more total property taxes than last year's

budget by $111,447, and of that amount $81,406 is tax revenue

raised from new property added to the tax roll this year.

a) the property tax rate; $0.475 (same as prior year)
b) the no-new-revenue tax rate; $0.470560
c) the no-new-revenue maintenance and operations tax rate; $ 0.258433
d) the voter-approval tax rate; and $0.509761
e) the debt rate; and $0.242283
f) fiscal year debt service amount of $920,686

On September 21 council members voted as follows on the adoption of this budget:
st
For Against
Phillip Poole _ X__ ____
Michael Dingman _ X__ ____
Brian Libbey _ X__ ____
Abraham Elizondo _ X__ ____
Halden Griffith _ X__ ____

The city offers ad valorem tax exemptions and encourages all citizens to use them. If you
need assistance, contact the Tarrant Area Appraisal District:

City 2021 Homestead Exemption >65

Arlington 20%; Min $5,000 $60,000

Westworth Village 20%; Min $5,000 $50,000

Fort Worth 20%; Min $5,000 $40,000

White Settlement 20%; Min $5,000 $37,000

Sansom Park 1%; Min $5,000 $20,000
River Oaks - $15,000

Westover Hills - $0

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