Page 41 - FY 2026-2027 Adopted Budget Book

Truth in Taxation

The ad valorem tax is a tax assessed on real property in order to provide a revenue stream for government
operations. The tax rate to fund the FY 2026-2027 budget is $0.566599 per $100 assessed valuation, which
was presented to the City Council for approval during the budget process.

The tax rate has two different sub-rates to support the main functions of the ad valorem tax:
The maintenance and operations, or M&O, rate is used to generate revenue for the General Fund to
provide for operations.
The interest and sinking, or I&S, rate is used by the Debt Service Fund to pay for the annual debt
obligations for the City.

To determine the tax rates for FY 2026-2027, the Tax Assessor for Tarrant County utilizes information from
FY2025-2026 and from the estimated new property values developed during the current fiscal year.

The following are the rates established by the Tax Assessor:

No New Revenue Tax Rate $0.553832
No New Revenue M&O Rate $0.405663
Voter Approval Tax Rate $0.572758
Debt Rate $0.149239

Unadjusted Voter Approval Rate $0.654117

Sales Tax Adjustment Rate $0.081415
Voter Approval Rate, Adjusted for $0.572702
Sales Tax

Rates are shown per $100 assessed valuation.

View the Preliminary 2026 Tax Rate Calculation Worksheet. The Tax Rate Calculation Worksheet has not been
certified by the Tarrant County Tax Assessor-Collector. This page, and the attached worksheet, will be updated
once it has been certified.

FY 2026-2027 Adopted Budget Book · September 15, 2026 37