Page 70 - FortWorthFY23AdoptedBudget

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 an emphasis on the general fund.

General Fund

Property Taxes

In keeping with City Management’s goals to maintain/lower the property tax rate, the FY2023 Adopted Budget
lowers the City’s property tax rate from $0.7325 per $100 net taxable valuation to $0.7125 per $100 net taxable
valuation. Comparisons are shown below for the Tax Rate, Appraised Value, and Adjusted Net Taxable Value.

FY2023 Variance
Comparison FY2022
Adopted $ %
Tax Rate per $100/Value $0.7325 $0.7125 ($0.0200) -2.73%
Appraised Value $116,686,701,862 $133,177,031,015 $16.5B 14.13%
Adjusted Net Taxable Value $87,373,928,947 $100,073,539,805 $12.7B 14.53%

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