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Friday, November 22, 2024

City Council debates property tax rates for budget decisions

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Mayor Mattie Parker, City of Fort Worth | City of Fort Worth website

Mayor Mattie Parker, City of Fort Worth | City of Fort Worth website

Setting the property tax rate is one of the most discussed and debated issues during the budget process by the City Council and City staff.

Revenue generated from the tax largely funds the costs to operate the City and other essential local services. Fort Worth periodically receives estimated property values prior to the delivery of final valuations used in the property tax rate adoption each year.

City staff models various tax rate scenarios and allocations before making a recommendation to the City Council. Parks and recreation expenditures fall under the Management and Operations portion of the budget, also referred to as the General Fund.

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