View the City of Fort Worth’s fiscal year 2019 budget.
This budget will raise more revenue from property taxes than last year’s budget by an amount of $38,145,610, which is a 7.7 percent increase from last year’s budget. The property tax revenue to be raised from new property added to the tax roll this year is $16,057,419.
The amounts above are based on the City’s fiscal year 2019 tax rate of $0.7850 per $100.00 in value. The City’s fiscal year 2018 tax rate is $0.8050 per $100 of assessed valuation.
City Council Record Vote
The members of the governing body voted on the adoption of the budget as follows:
For: Mayor Betsy Price, Councilmembers Carlos Flores, Brian Byrd, Cary Moon, Gyna Bivens, Jungus Jordan, Kelly Allen Gray and Ann Zadeh
Present but abstained from voting: None
Absent: Mayor Pro tem Dennis Shingleton
Municipal Property Tax Rates
The municipal property tax rates for the preceding fiscal year, and each municipal property tax rate that has been adopted or calculated for the current fiscal year, include:
|Tax Rate||Adopted FY2017-18||Adopted FY2018-19|
|Property Tax Rate||$0.805000||$0.785000|
|Effective Tax Rate||0.787766||0.782594|
|Effective Maintenance and Operations Tax Rate||0.617513||0.616753|
|Rollback Tax Rate||0.813082||0.828812|
Municipal Debt Obligations
The total amount of outstanding municipal debt obligations (including principal and interest) secured by property taxes is $ 903,277,529.
This cover page and the information it contains are included with the budget as required by the Texas Local Government Code. A PDF version is available online here.