 Fort Worth is on track to hit a million residents in 2027. Can you imagine? To keep pace with our growth, City staff is recommending the City Council adopt a property tax rate of 67.25 cents per $100 valuation. Now that's a 4 cent reduction from last year and one of the largest reductions in decades. How might that affect your tax bill? Well, to do the math, take the appraised value of your property, divide that by 100, then multiply that by the tax rate. This gives you the amount of your city taxes for the upcoming year. Although the property tax rate will go down, your tax bill could go up depending on the appraisal you received from TAD. And remember, your individual tax bill will vary depending on any exemptions you claim. The bottom line, Fort Worth property values are at historic highs. So even with the lower tax rate, your overall tax bill could or could not end up being higher. For most of us, our homes are our biggest investments and they bring the greatest return to investment. So when you think about it, it's really a favorable thing when property values continue to increase. It's a sign of a vibrant local economy. After a series of public input meetings all across Fort Worth this summer, your City Council is scheduled to vote on the budget at 5 p.m. Tuesday, September 19th. So safe, so clean, so green. Fort Worth City budget strategically addresses the many exciting challenges associated with the record growth of the city we love.