Budget & Tax Rate Info
NOTICE OF PUBLIC HEARING - FORM 50-876
If approved this budget will raise more total property taxes than last year's budget by $269,133 and of that amount $87,557 is tax revenue raised from new property added to the tax roll this year.
The preliminary proposed 2023 tax rate of $0.475000 per $100 valuation is the same rate as 2022.
PROPOSED TAX RATE $0.475000 per $100
NO-NEW-REVENUE TAX RATE $0.441777 per $100
VOTER-APPROVAL TAX RATE $0.647272 per $100
DE MINIMIS TAX RATE $0.466249 per $100
The no-new-revenue tax rate is the tax rate for the 2023 tax year that will raise the same amount of property tax revenue for the city from the same properties in the 2022 tax year.
2023 Tax Rate Calculation Worksheet
Budget Calendar for FY2023-2024
The FY2023-2024 Budget meeting information can be found on the meeting and agendas page.
Fiscal Year 2022-2023 Adopted Budget
For assistance with tax calcluations on your property, please visit the Truth in Taxation website or contact the City Secretary at 817-710-2526 or bbarrett@cityofwestworth.com.
Debt Service Repayment Schedule
Notice of Public Hearing - Tax Form 50-876
Adopted Budgets are listed below in accordance with LGC 102 and governmental transparancey:
Fiscal Year 2021-2022 Budget Audit Results FY 2022
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Property Tax Exemptions |
|
| General Homestead | 20.00% |
| Over 65 Years of Age | $50,000 |
| Disabled Person | $30,000 |
Sales Tax: |
|
| City General | 1.00% |
| Crime Control Prevention District | 0.50% |
| Economic Development | 0.25% |
| Road Repair | 0.25% |
| Texas State | 6.25% |
| TOTAL SALES TAX RATE | 8.25% |
Helpful Links:
The Tarrant County Tax Office has created informational videos to help the public better Understand Property Taxes and how they are calculated and the meaning of Truth in Taxation.
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IMPORTANT TAX INFORMATION:
Please examine your property tax statement very carefully to verify your homestead, over 65, and/or disability exemptions are still being applied. If you have any questions or concerns, please contact the Tarrant County Appraisal District at 817-284-0024.
Note, the City cannot intervene regarding your appraisal and final tax bill. The County collects taxes for all entities.
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