The tax rate drops from $0.1945 cents and moves the county below the no-revenue rate, which is the tax rate the county would need to adopt to receive the amount of local property taxes as the previous fiscal year, assuming the same properties are taxed both years.
Tarrant County Judge Tim O'Hare said it's the second year in a row that the no-revenue tax rate has been lowered.
A closer look
The commissioners approved a proposed budget of $846.38 million, a $50.22 million decrease from the previous year's $896.6 million budget, according to a presentation by county budget office staff Aug. 15.
"More property tax relief is on the way for Tarrant County," O’Hare said in a Facebook post.
According to County Administrator Chandler Merritt, the county has either maintained its tax rate or lowered it each year since 2014.
Commissioners are scheduled to formally adopt the proposed tax rate and budget for FY 2024-25 during the Sept. 17 meeting.
