Page 7 - FY 2026-2027 Adopted Budget Book

Notice about 2026 Tax Rates

Tax Code Sec. 26.04(e)
This notice concerns the 2026 property tax rates for the City of Bedford.

This notice provides information about two tax rates taxing units use in adopting the current tax year’s tax rate.
The no-new-revenue tax rate would impose the same amount of taxes as last year if you compare properties
taxed in both years. In most cases, the voter-approval tax rate is the highest tax rate a taxing unit can adopt
without holding an election. In each case, the taxing unit calculates these rates by dividing the total amount of
taxes by the current taxable value with adjustments as required by state law. The rates are given per $100 of
property value.

This year's no-new-revenue tax rate.....................................$0.553832/100
This year's voter-approval tax rate........................................$0.572758/100

To see the full calculations, please view the Truth-In-Taxation page for a copy of the Tax Rate Calculation
Worksheet.
Unencumbered Fund Balances

The following estimated balances will be left in the taxing unit’s accounts at the end of the fiscal year. These
balances are not encumbered by corresponding debt obligation.
Type of Fund Balance
General Fund (maintenance and operations) $18,481,492
Debt Service (interest and sinking) $227,229

Current Year Debt Service
The following amounts are for long-term debts that are secured by property taxes. These amounts will be paid
from upcoming property tax revenues (or additional sales tax revenues, if applicable).
Principal to be Interest to be Other
Paid from Paid from Amounts to
Description of Debt Property Taxes Property Taxes be Paid Total Payment
Series 2013, General Obligation $ 90,000 $ 26,975 $ $ 116,975
Refunding & Improvement
Series 2014, General Obligation 175,000 56,394 231,394
Series 2018, General Obligation 2,700,000 1,413,706 4,113,706
Refunding & Improvement
Series 2019, General Obligation 505,000 123,225 628,225
Refunding & Improvement
Series 2019, Taxable General 245,000 92,135 337,135
Obligation
Series 2020, General Obligation 85,000 5,112 90,112
Refunding
Series 2023, Certificate of 115,000 127,394 242,394
Obligation
Series 2023A, Certificate of 575,000 673,763 1,248,763
Obligation
Series 2024, Certificate of 605,000 791,925 1,396,925
Obligation

Total required for 2026 debt service............................................... $ 8,411,074
- Amount (if any) paid from funds listed in unencumbered funds... $ 0
- Amount (if any) paid from other resources................................... $ 0
- Excess collections last year......................................................... $ 899,517
= Total to be paid from taxes in 2026..................................... $ 7,511,557
+ Amount added in anticipation that the taxing unit will
collect only 100% of its taxes in 2026.................................. $ 0
= Total Debt Levy........................................................................... $ 7,511,557
This notice contains a summary of the no-new-revenue and voter-approval calculations as certified by Andy
Nguyen for Rick Barnes, Tarrant County Tax Assessor-Collector on August 10, 2026.

FY 2026-2027 Adopted Budget Book · September 15, 2026 3