Performance

Adopted FY2025 Budget

2024 Tax Rate

A tax rate of $0.672500 per $100 valuation has been adopted by the governing body of City of Fort Worth.

Adopted Tax Rate	$0.672500 per $100
No-New-Revenue Rate	$0.677346 per $100
Voter-Approval Tax Rate (VAR)	$0.711669 per $100
VAR with Unused Increment	$0.738831 per $100

City Council Record Vote

The members of the governing body voted on the adoption of the budget as follows:

FOR: Mayor Mattie Parker, Councilmembers Carlos Flores, Michael Crain, Gyna Bivens, Jared Williams, Macy Hill, Chris Nettles, Elizabeth M. Beck, Jeanette Martinez, Charles Lauersdorf, and Alan Blaylock

AGAINST: None

PRESENT and not voting: None

ABSENT: None

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 FY 2023-24	Adopted FY 2024-25
Property Tax	$0.672500	$0.672500
No-New-Revenue Tax Rate	0.635374	0.677346
No-New-Revenue Maintenance and Operations Tax Rate	0.513571	0.536017
Voter-approval Tax Rate	0.766391	0.738831
Debt Rate	0.147500	0.147500

Municipal Debt Obligations

The total amount of outstanding municipal debt obligations (including principal and interest) secured by property taxes is $1,531,393,360.

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(PDF, 80KB).