Fort Worth trustees leave tax rate unchanged

Posted Tuesday, Aug. 27, 2013  comments  Print Reprints
Fort Worth school taxes The tax rate for fiscal 2013-14 is $1.322 per $100 of assessed property value. The taxable value of the average Fort Worth house is $115,599, up from $98,533 last year. With a $15,000 homestead exemption, taxes due on that house would be $1,330, according to school district officials.

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For the fifth year in a row, the Fort Worth school district’s tax rate will remain the same.

Trustees voted unanimously Tuesday night to approve the rate of $1.322 per $100 of assessed property value. That includes $1.04 for day-to-day operations, the highest that districts can levy without additional approval through a tax ratification election. The rest is for debt service.

The taxes will support a $644.2 million general fund budget, including a $9.5 million shortfall, that was approved by trustees in June. The shortfall will be covered by savings, Deputy Superintendent Hank Johnson has said.

No members of the public spoke Tuesday night at a public hearing on the tax rate.

The fiscal year started July 1.

Jessamy Brown, 817-390-7326 Twitter: @jessamybrown

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