Tarrant County commissioners propose tax rates for county, hospital district

0

Tarrant County commissioners have set financial benchmarks for the fiscal year 2019-20 tax rate. At the Tarrant County Commissioners Court meeting Aug. 6, commissioners filed and received the proposed, effective and rollback tax rates for the county.

“We are simply receiving and filing; we are not asking your approval,” County Administrator G.K. Maenius told commissioners.

Meeting documents recorded four tax rates for the county the commissioners received. They are listed as follows:

  • Effective tax rate: $0.218852 per $100 valuation
  • Rollback tax rate: $0.234620 per $100 valuation
  • Current tax rate: $0.234000 per $100 valuation
  • Proposed tax rate: $0.234000 per $100 valuation

Commissioners also received and filed the proposed effective and rollback tax rates for the Tarrant County Hospital District. Based on the calculations provided by the hospital district, meeting documents recorded these benchmark tax rates:

  • Effective tax rate: $0.211266 per $100 valuation
  • Rollback tax rate: $0.228051 per $100 valuation
  • Current tax rate: $0.224429 per $100 valuation
  • Proposed tax rate: $0.224429 per $100 valuation

Because the proposed tax rate is higher than the effective tax rate, which is the rate at which the county would maintain the same amount of revenue as the previous year, for both the county and the hospital district, the commissioners are required to hold two public hearings before the tax rate can be adopted, according to meeting documents. The public hearings will be held Aug. 20 and Sept. 3. Commissioners will adopt the tax rates Sept. 10.

Share this story
COMMENT

Leave A Reply

Miranda Jaimes
Miranda has been in the North Texas area since she graduated from Oklahoma Christian University in 2014. She reported and did design for a daily newspaper in Grayson County before she transitioned to a managing editor role for three weekly newspapers in Collin County. Now she's in Tarrant County, mostly, and has been an Impacter since 2017 as the editor of the Grapevine/Colleyville/Southlake edition.
Back to top