HomeMy WebLinkAboutResolution 2560
A Resolution
NO ~C1~ ~'
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS
1 That an ad valorem tax rate of $0 8850 per $100 00 of taxable valuation of properties ul the City of
Fort Worth is being proposed for fiscal year 1999/00
2 That the City Council of the City of Fort Worth will hold a public hearing on a proposal to increase
total tax revenues from properties on the tax roll m 1998 by 5 49 percent.
3 That such public hearing will be held August 31 1999 at 10 00 a.m. in the City Council Chambers,
Fort Worth Municipal Building, ].000 Throckmorton Street, Fort Worth, Texas, and an adequate
opportunity will be afforded for proponents and opponents of the proposed tax increase to present
their views.
4 That the City Secretary shall publish notice of such hearing as provided in Section 26 06(a) of the
Property Tax Code of the State of Texas.
ADOPTED this 10th day of August, 1999
~~~~~~~
~~~~ ~~'~t~~~~a
AUG fl ~ 1999
~ ,>
Q'i[A`$r a~i€~r~ of YBrta
~~ ~ ~~
~.~.
Notice of Public ~Iear>~ng on Tax Increase
The City of Fort Worth will hold a public hearing on a proposal to increase total tax revenues
from properties on the tax roll by 5 49 percent. Your individual taxes may increase or decrease
depending on the change m the taxable value of your property m relation to the change m taxable
value of all other property and the tax rate that is adopted.
The public hearing will be held August 31 1999 at 10 00 a.m. in the City Council Chambers,
Fort Worth Municipal Building, 1000 Throckmorton Street, Fort Worth, Texas.
FOR the proposal
AGAINST the proposal
PRESENT and not votmg•
ASSENT
The following table compares taxes on the average home m this taxing unit last year to taxes
proposed on the average home this year Again, your individual tax may be higher or lower
depending on the taxable value of your property
fast Year This Year
Average residence homestead value $58 484 $61 415
General exemptions available
(Amount available on the average homestead, $11 697 $12,283"
not including senior citizen s or disabled
person s exemptions.)
Average taxable value $46 787 $49 132
Tax rate $0 8975/$100 $0 8850/$100
Tax $419 91 $434 82
Under this proposal, taxes on the average homestead would increase by $14 91 or 3 55
percent compared with last year's taxes. Comparing tax rates without adjusting for
changes in property value, the tax rate would decrease by ~O.O125 per $1~0 of taxable value
or 1.39 percent compared to last year's tax rate. These tax rate figures are not adjusted for
changes in the taxable value of property