Page 17 - CityofForestHillFY26Budget

City of Forest Hill - Taxpayer Impact Statement
(Required under Texas Government Code §551 as amended by HB 1522, effective September 1, 2025)

This notice informs taxpayers of the potential impact of the proposed budget and tax rate for Fiscal Year
2025-26, comparing what would be paid under the no-new-revenue tax rate versus the proposed tax
rate.

1. Average Taxable Homestead Value

Prior Year (FY 2024--25) 124,971
Current Year (FY 2025-26) 137,970

2. TaxRates

No-New-Revenue Tax Rate (FY 2025-26) 0.700466 per $100 valuation
Proposed Tax Rate (FY 2025-26) 0.700466 per $100 valuation

Scenario 2024 2025 2025
Adopted Tax Rate NNRRate Adopted Tax Rate

Total Tax Rate per $100 of
Value .724094 .700466 .700466
Median Homestead
Taxable Value $124,971 $137,970 $137,970
Property Tax on Median $966
Homestead $904 $966

Calculations:
- Prior Year Tax Bill= (124,971 -: -100) x 0.724094 = $904.91
- No-New-Revenue Tax BilJ = (137,970 + 100) x 0.700466 = $966.44
- Proposed Tax Bill= (137,970 + 100) x 0.700466 = $966.44

Summary
City of Forest Hill - Taxpayer Impact Statement (Required under Texas Government Code §551 as
amended by HB 1522, effective September 1, 2025) This notice informs taxpayers of the potential impact
of the adopted budget and tax rate for Fiscal Year 2025-26 (Tax year 2025). City of Forest Hill
adopted the proposed tax rate of S0.700466 per $100 valuation. This supports continued city services
and infrastructure investments.

For assistance with tax calculations, please contact the Tarrant County Tax Assessor, Rick D. Barnes
100 E Weatherford, Fort Worth, TX 76196 • Phone:817-884-1100 • Email: taxo[fice@tarrantcoun{yJx.gov

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