This paper covers Texas’ municipal governments largely relying on property tax revenue to fund city services. It is often difcult for taxpayers to clearly understand how the city council’s proposed property tax rate, combined with changes in property tax values and other city fees, will affect their bill. Thus, this ordinance provides transparency by showing taxpayers how each of the city’s fees, appraisals, and property tax assessments change over time and for different segments of the community.
Assessing Tax Trends in the City of Ft. Worth
Does history suggest that property taxes are too high in the city of Ft. Worth? And, if so, have local decision-makers actively helped or hurt the situation? To help answer these questions, let’s review the city’s 2024 Annual Comprehensive Financial Report (ACFR) and gather four types of data—i.e., tax levies, local population, total tax rates, and taxable values—over a 10-year time horizon. Using these audited estimates, we can gauge the growth of government (i.e., tax levy trends), assess its...