Instead of arguing tax policy in terms of progressive versus regressive taxes, Texas should instead look to tax policy that keeps taxes low and government limited.
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...