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The Tarrant Appraisal District board election is happening this November, and it’s a big deal for your wallet. These board members oversee how your property is valued, which directly dictates your annual property tax bill.
At a glance
Rising — being discussed more frequently. 5 mentions in the last 30 days.
The proposed tax rate is 70.56 cents, but average tax bills may remain flat or decrease due to lower property valuations.
The city maintains essential services despite revenue shortfalls.
Homeowners may see a higher tax rate, though the net impact on their bill is mitigated by lower valuations.
Residents are concerned about how Tarrant Appraisal District's valuation methods affect the city's budget and their individual tax bills.
Because the Tarrant Appraisal District isn't reappraising homes every year, the city is seeing a revenue gap. This forces the city to raise the tax rate just to keep current services running.
Residents expressed frustration over rising tax bills despite perceived lack of neighborhood improvements, while city officials clarified that the Tarrant Appraisal District, not the city, sets property values.
Because the Tarrant Appraisal District isn't raising residential property values, the city isn't getting the tax revenue it expected from our growth. This is forcing the city to look at a tax rate increase to keep services running.
Residents are concerned about how Tarrant Appraisal District's valuation methods affect city revenue and their individual tax bills. The city is struggling to balance its budget because property values aren't rising as expected.
We'll include it in your weekly brief whenever the council takes it up.
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