Page 2 - Report

City of Blue Mound

Budget Cover Page
This budget will raise more revenue from property taxes than last year's budget
by an amount of $919,000 which is a 112.11 percent increase from last year's

budget. The property tax revenue to be raised from new property added to the
tax roll this year is $5,815.00.

The members of the governing body voted on the budget as follows:
FOR: Dave King, Fred Smith, Clara Henderson, Monica Macchietto
AGAINST:
PRESENT and not voting:
ABSENT:
Property Tax Rate Comparison
2023-2024 2022-2023
Property Tax Rate: $0.681745/$100 $0.560545/100
No-New-Revenue Tax Rate: $0.321151/$100 $0.467991/100
No-New-Revenue Maintenance & Operations Tax Rate $0.436341/$100 $0.425308/100
Voter-Approval Tax Rate: $0.502259/$100 $0.485610/100
Debt Rate: $0.050647/$100 $0.044707/100
De Minimis Rate: $0.681745/$100 $0.736618/100

Total debt obligation for City of Blue Mound secured by property taxes: $148,031.00
The following table compares the taxes imposed on the average residence homestead by the City of Blue Mound last
year to the taxes proposed to be imposed on the average residence homestead by the City of Blue Mound this year:

2022 2023 Change
Total Tax Rate (per $100 of Value) $0.560545 $0.681745 12.12%

Average Homestead Taxable Value $ 140,802.00 $ 158,150.00 Increase of
$17,348.00, or 12.32%
Tax on Average Homestead $ 789.26 $ 1,078.18 Increase of $288.92,
or 36.61%
Total Tax Levy on All Properties $ 819,703.79 $ 1,738,703.99 Increase of $919,000,
or 112.11%

For assistance with tax calculations, please contact the tax assessor for the City of Blue Mound at 817-884-1100 or
tnt@tarrantcountytx.gov, or visit https://taxonline.tarrantcounty.com/TaxPayer/landing-page-en-us for more
information