Page 18 - CityofLakeWorthFY26AdoptedBudget

The City remains sensitive to the financial pressures affecting both the organization

and its employees. While costs continue to rise across all sectors, we remain committed
to finding balanced, equitable solutions that support our team and uphold our

obligation to the community.

This budget reflects our shared values—responsibility, service, and respect for those

who make our operations possible. By investing in our workforce, we continue to build
a culture of excellence that drives performance, accountability, and pride in public

service.

PROPERTY VALUES

Each year, the Tarrant Appraisal District (TAD) provides the City of Lake Worth with a

certified tax roll that represents the total taxable value of all real and personal

properties located within the city's jurisdiction. These values serve as the foundation
for calculating the City’s property tax revenue and play a critical role in the

development of the annual operating budget.

For Fiscal Year 2026, the certified taxable value for the City of Lake Worth is

$800,220,679, reflecting an increase/decrease of approximately $55,336,660, or 7.4%
over the previous fiscal year. This growth includes both increased valuations of existing

properties and the addition of new developments to the tax base.

Included in the total certified values is $2,346,518 in new property value, representing

properties added to the tax roll between January 1, 2025, and December 31, 2025. This

includes residential, commercial, and industrial developments that contribute to Lake
Worth’s ongoing economic growth and vibrancy. The average taxable value of a single-

family home in Lake Worth for FY 2026 is now $186,106, an increase of approximately

$2,198, or 1.2% compared to the prior year. This upward trend in home values reflects
the continued demand for housing in the area and the desirability of the Northwest

Tarrant County area.