Page 143 - CityofEulessFY26AdoptedBudgetOrdinance2432
P. 143
TAX RATE IMPACT
FY2024- 25 FY2025- 26
Budgeted Proposed
Tax Rate @ 44. 67¢ @ 47. 6466¢
Based on $ 100, 000 Taxable Value 100, 000 100, 000
Less: Homestead Exemption, 20% 20, 000 20, 000
Adjusted Value 80, 000 80, 000
Annual Tax Burden:
at above tax rates) 357. 36 381. 17
or monthly 29. 78 31. 76
Over 65 - Based on $ 100, 000 Taxable Value 100,000 100, 000
Less: Homestead Exemption, 20% 20, 000 20. 000
Adjusted Value 80, 000 80, 000
Less: Over 65 Exemption 35, 000 35. 000
Net Value 45, 000 45, 000
Annual Tax Burden:
at above tax rates) 201. 02 214. 41
or monthly 16. 75 17. 87
Average Home Value - 353, 622 $ 339, 533
Annual Tax 1, 263. 70 $ 1, 294. 21
Over 65 Average Home Value*_ 339, 305 $ 330, 482
Annual Tax 1, 056. 20 $ 1, 092. 94
Euless has adopted the senior tax freeze. Seniors citizens pay no more than
they paid @ age 65 regardless of home value excluding improvements.
Home Values are based on average home values provided by Tarrant Appraisal
District as of July each year.
5- 7
Ordinance No. 2432, Page 137 of 474
