HomeMy WebLinkAboutResolution 2435A Resolution
Adopted Resolution lVo ~~
BE IT RESOLVED BY THE CITY COUNCII, OF THE CITY OF FORT WORTH, TEXAS
1 That an ad valorem tax rate of $0 8975 per $100 00 of taxable valuation of properties m the
City of Fort Worth is being proposed for fiscal year 1998/99
2 That the City Council of the City of Fort Worth will hold a public heanng,on a proposal to
increase total tax revenues from properties on the tax roll m 1997 by_5 99 percent.
3 That such public hearrng.will be held on September 1 1998 at 7 00 p m. in the City
Council Chambers, Fort Worth Municipal Building, 1000 Throckmorton Street, Fort Worth,
} Texas,, and an adeduate opportunity will be afforded for proponents and opponents of the
proposed tax increase to present their views
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4 That the City Secretary shall publish notice of such heanng_as provided m Section 26 06(a)
of the Property Tax Code of the State of Texas.
ADOPTED thrs 11`k' day of August 1998
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Cif9 of Fort
CITY OF FORT WORTH
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Notice of Public Hearing on Tax Increase
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The City of Fort Worth will hold a public heanng on a proposal to increase total
tax revenues from properties on the tax roll by 5.99 percent. Your individual
taxes may increase or decrease, depending on the change m the taxable value of
your property m relation to the change in taxable value of all other property and
the tax rate that is adopted.
The public hearing will be held on September 1,1998 at 7 00 p.m., in City
Council Chambers, Fort Worth Municipal Building, 1000 Throckmorton
Street, Fort Worth, Texas.
FOR the proposal
AGAINST the proposal
PRESENT and not voting
ABSENT
The following table compares taxes on the average home in this taxing unit last
year to taxes proposed on the average home this year Again, your individual
taxes maybe higher or lower, depending on the taxable value of your property
Last Year This Year
Average residence homestead value $55,671 $58,484
General exemptions available
(amount available on the average
homestead, not including senior
citizen s or disabled person s
exemptions) ~`~ ~~ " $11 ~ 134 $ T 1;697
Average taxable value $44,537 $46,787
Tax rate $0 92/$100 $0 8975/$100
Tax $409 74 $419 91
Under this proposal, taxes on the average homestead would increase by
X10.17 or 2.48 percent compared with last year's taxes. Comparing tax rates
without adjusting for changes in property value, the tax rate would decrease
by $0.0225 per $100 of taxable value or 2.45 percent compared to last year's
tax rate. These tax rate figures are not adjusted for changes in the taxable
value of property