logo
Brief Publisher Logo
FACT BRIEF

Did Fort Worth ISD raise the property tax rate during 2023-24 school year?

By Jacob Sanchez
View this fact brief on Fort Worth Report
Copy link
email
Copy featured image
email
NO

The Fort Worth ISD school board lowered the tax rate for the 2023-24 school year.

The 2023-24 tax rate is $1.0624 per $100 of valuation. The rate for the 2022-23 school year was $1.2816.

The 2023-24 rate is the lowest property tax that Fort Worth ISD has levied since the 2007-08 school year.

Most of the cut was because the Texas Legislature compressed school district property tax rates.

Trustees cut 2 cents off the debt service rate, one of two smaller figures that form the overall school district property tax. 

A law allowing homeowners to take $100,000 off their property values for school district taxes lowered bills, too.

In August 2023, Fort Worth ISD Chief Financial Officer Carmen Arrieta-Candelaria said the district may pay more interest on its $1.2 billion school building improvement program.

“In the future, we may have to increase the rate,” she said.

This fact brief is responsive to conversations such as this one.
Sources
Fort Worth ISD Adopted Tax Rates
Fort Worth ISD 2023-2024 Tax rate adoption presentation
The Dallas Morning News What is Texas doing about property taxes? And will it save you money?
Texas Legislature Online Senate Bill 2
Texas Legislature Online House Joint Resolution 2
Texas Education Agency Fort Worth ISD property tax rates since 2005
ABOUT THE CONTRIBUTOR
Fort Worth Report
The Fort Worth Report is a 501(c)(3) organization that launched April 12, 2021. This new media outlet is built on a foundation of local leadership and local investment. It provides community-sourced journalism that exclusively supports and reports on the Fort Worth community with fact-based, thoughtful and contextual coverage without bias or predetermined agendas. The enterprise is governed by a mission statement, bylaws, and an organizational structure that ensures it remains faithful to these foundational principles.
FACT BRIEF BY
Brief Publisher Logo
Latest fact briefs
facebook
twitter
email
email
About fact briefs published on Gigafact
Fact briefs are short, credibly sourced summaries that offer “yes/no” answers in response to claims found online. They rely on publicly available, often primary source data and documents. Fact briefs are created by contributors to Gigafact —a nonprofit project looking to expand participation in fact-checking and protect the democratic process. See all fact briefs here.