The Commissioners Court reviewed the no-new-revenue tax rate and the voter-approved rate at its Aug. 16 meeting. Commissioners agreed to move forward with a proposed property tax rate of $0.229 per $100 valuation, which is the same as the current rate.
The vote means that the county cannot increase the tax rate beyond that amount but may still lower the tax rate when commissioners take a final vote in September, officials said.
Commissioners also voted to proceed with a proposed property tax rate for the Tarrant County Hospital District that was the same as the current year. That rate is $0.224429 per $100 valuation.
The certified taxable value for Tarrant County was nearly $247.66 billion, according to data released in July by the Tarrant Appraisal District. That value helps determine how much money will be generated from those tax rates.
The county’s taxable value is up 13.79% from the $217.64 billion in net taxable value for Tarrant County in 2021, the data showed.
“We had a good year,” County Judge Glen Whitley said at the meeting.
A public hearing on the property tax rates as well final approval of the tax rates and the county’s fiscal year 2022-23 budget are scheduled for the commissioners’ Sept. 13 meeting, which starts at 10 a.m.
