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Saturday, May. 11, 2024

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


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.

See a full discussion of this at Fort Worth Report

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