Page 97 - City of Fort Worth Budget Book

General Fund Ad Valorem Property Tax Comparison

COMPARATIVE SUMMARY OF AD VALOREM TAX LEVIES AND COLLECTIONS

FY2024 FY2025
FY2022 Adopted FY2023 Adopted Adopted Rec.
Adjusted Net Taxable Value $ 87,373,928,947 $ 100,073,539,805 $ 115,730,642,125 $ 121,923,036,056

Tax Rate 0.7325 0.7125 0.6725 0.6773
Operating & Maintenance (O&M) 0.5850 0.5650 0.5250 0.5298
Debt Service (I&S) 0.1475 0.1475 0.1475 0.1475

Total Levy $ 640,014,030 $ 713,023,971 $ 778,288,568 $ 825,784,723

Collection Rate 98.3 % 98.5 % 98.5 % 98.5 %

Total Collection of Levy $ 628,813,784 $ 702,328,612 $ 766,614,239 $ 813,397,952

Estimated Levy Lost due to Frozen (11,160,492) (13,687,852) (9,771,708) (9,388,454)
TIF Contributions $ (21,610,735) $ (24,646,281) $ (21,292,977) $ (20,777,519)

Budgeted Revenues
General Fund (O&M) $ 476,020,336 $ 526,535,972 $ 574,220,841 $ 612,662,487
General Debt Fund (I&S) $ 120,022,221 $ 137,458,506 $ 161,328,713 $ 170,569,492
Subtotal Current Property Taxes $ 596,042,557 $ 735,549,554 $ 735,549,554 $ 783,231,979

OTHER PROPERTY TAXES

Vehicle Inventory $ 197,422 $ 556,419 $ 295,406 $ 378,800
Delinquent Property Taxes (O&M) $ 3,600,001 $ 2,750,000 $ 2,750,000 $ 2,750,000
Delinquent Property Taxes (I&S) $ 550,000 $ 550,000 $ 550,000 $ 550,000
Interest/Penalty Charges (O&M) $ 2,101,356 $ 2,500,000 $ 3,000,000 $ 3,000,000
Interest/Penalty Charges (I&S) $ 500,000 $ 500,000 $ 500,000 $ 500,000
Subtotal Other Property Taxes $ 6,948,779 $ 6,856,419 $ 7,095,406 $ 7,178,800

TOTAL PROPERTY TAXES

Operating Taxes (O&M) $ 481,919,115 $ 532,342,391 $ 580,266,247 $ 618,791,287
Debt Service Taxes (I&S) $ 121,072,221 $ 138,508,506 $ 162,378,713 $ 171,619,492

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