Page 304 - FY 2025 Adopted Operating Budget and Business Plan

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CITY OF ARLINGTON FACTS & FIGURES (CONTINUED)

Economic

Taxable Value 2024 (FY25)
Personal Property $4,326,748,507
Real Estate $38,893,052,123
Mineral Lease $59,376,958
Agriculture $396,195
Decrease for Pending ARB and Incomplete Accts ($1,273,102,133)
Sub-Total $42,006,471,650
ARB Estimate $376,744,965
Incomplete Estimate $514,655,574
Total Estimate $42,897,872,189

Tax Rate $0.005998

Tax Levy
Personal Property $25,951,838
Real Estate $233,280,527
Mineral Lease $356,143
Agriculture $2,376
Decrease for Pending ARB and Incomplete Accts ($7,636,067)
Sub-Total $251,954,817
ARB Estimate $2,259,716
Incomplete Estimate $3,086,904
Total Tax Levy $257,301,437
Tax Levy Loss to Protests, Litigation, and Senior & Disabled ($10,292,057)
Person Freeze
Sub-Total $247,009,380
Change in value for Eco Development ($19,627,571)
Collection of Delinquent Taxes, Penalties & Interest, and Other $1,265,969
Misc. Taxes
Total Budgeted Revenue $228,647,778

FY 2025 Adopted Budget and Business Plan 295 City of Arlington, Texas