Page 44 - City of Fort Worth Budget Book

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 emphasis on the general fund.

GENERAL FUND

Property Taxes
In keeping with City Management goals to maintain/lower the property tax rate, the FY2024 Recommended
Budget lowers the city’s property tax rate from $0.7175 per $100 net taxable valuation to $0.6725 per $100 net
taxable valuation. Comparisons are shown below for the Tax Rate, Appraised Value, and Adjusted Net Taxable
Value.

Variance
Comparison FY2023 FY2024 $ %
Tax rate per $100 of value $ 0.7125 $ 0.6725 $(0.0400) -5.6 %
Appraised Value 133,177,031,015 155,936,572,617 $22.8B 17.1 %
Adjusted Net Taxable Value 100,073,539,805 115,730,642,125 $15.7B 15.7 %

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