HomeMy WebLinkAboutIR 7742 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7742
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el To the Mayor and Members of the City Council J111-Y 27, 1993
Subject: 1993 Certified Tax Roll
The City has received the 1993 Certified Tax Roll from Tarrant Appraisal
District (TAD) which will be the base for ad valorem tax revenue in the 1993-94
fiscal year.
The 1993 net taxable value, $13,119,426,629, is a decline of 3.8% from last
year's original certified value (7/25/92) and a decline of 4.1% from the current
amended values (4/30/93). However, the adjusted net value as of July 25,
1993, is about 0.1% greater than the preliminary adjusted net value as of May
15, 1993. This means that there will be no need to adjust (upwards or
downwards) the property tax estimates in the FY94 Budget to be presented to
Council onAugust 10.
Attached is a schedule showing more detail for comparable numbers relative to
the 1992 values, the preliminary 1993 values received in May of this year and
the certified 1993 values.
Bob Terrell
City Manager
Attachment
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TEX.
ISSUED BY THE CITY MANAGER FORT WORTH,TEXAS
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