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Budget Highlights
Where Your Property Tax Dollars Go
Tarrant
County
10%
JPS Hospital District
Fort Worth ISD 10%
48%
Tarrant County
College District
6%
City of Fort Worth
25% Regional Water
District
1%
The estimate of the FY2023 tax revenue is based on the certified data provided by the central appraisal districts
of Tarrant, Denton, Wise and Parker Counties in July 2022. The assumed collection rate increases slightly from
98.25% to 98.50% 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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