HomeMy WebLinkAboutResolution 641 I,THEREAS , the City Council_ of the City of Fort Worth , Texas , I
recognizes the burden of the City' s taxpayers due to the increasing I
rate, of inflation; and
j7HERR.IS , the City Council wholeheartedly endorses and supports
the established trend of reducing the ad valorem tax rate established
in 1977 which provided tax- relief to the citizens of Fort Worth ; and
WHEREAS , the City Council supports the continuation of this
trend while recogniz_i.ng the need to continue providing a high
quality of services t.o our citizens ; and
WHEREAS , the City Council recognizes the effect of inflation on
the market value of all property within the City and is dedicated
to preventing an unreasonable tax burden on the citizens of Fort
Worth; and
WHEREAS , the City Council is dedicated to maintaining an
equitable and fair distribution of taxes for the owners of existing
property and the owners of newly developed property; and
WHEREAS , the City Council is dedicated to protecting the
residential taxpayer from an undue tax burden by assuring that
comi.-lercial and industrial concerns participate equitably in the cast
of r:nsiding services to the citizens of Fort Worth; and
MIEREAS , the City Council is committed to upholding the Charter
of the City of Fort Worth which ensures flexibility and respects the
City Manager ' s responsibility for recommending the annual budges: to
the City Council for approval ; and
WHEREAS , the Mayor of the City of Fort Worth has appointed a
Citizens ' Blue Ribbon Committee on Property Tax Reform for the purpose
of recommending measures to provide tax relief to the citizens of
Fort Worth which would maintain the financial stability of the City;
and
T,PHEREAS , the citizens of. the Blue Ribbon Committee on Property
Tax Reforrz have made rlhei_r recommendations to the City Council ;
NOW THER FORE ,
-')E IT TtFSOLEIEID B',' THE CITY COUNCIL OF TH'r: CITY OF
F h'?'r WORTH, '1-17XAS :
1 . T1iat the C i t_y Council is committed to continue reducing
the ad valorem tax r.,Le oC the City of Fort Worth by ten (10) ants
annually during the t-erm of this further , that the City
Council in so redticin<r the rate shall continue to assure that
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necessary and efficient City services are provided to our citizens .
2 . That the annual old valorem tax rate of the City of
Fort Worth shall be set at that rate which will assure that the
ag,,,re; ate revenues from ad valorem taxes on properties on the
► e._ .sting tax roll will riot be increased ill the next succeeding;
year by more than five percent (5%) ; and further , that taxable
property annexed by the City , new construction, and improvements
to existing; property shall be placed on the tax rolls at their
current market value to be taxed in an egiial and uniform manner
with all other property on the tax rolls .
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CITY OF FORT r