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HomeMy WebLinkAboutItem 07 - Operating Budget viE�T F: S ' f S FWD .f 2nd Public Hearing FY20 Proposed Tax Rate September 3 , 2019 VINE Public Hearing �7;RIT . Budget Workshop . August 8 . Tax rate public hearings . August 20 . September 3 . Adoption of budget and tax rate . September 17 X-NIN I E Public Hearing # 1 . /2Cent Tax Rate Reduction ' . Grapevine has the 2 "d lowest property tax rate among comparable Texas cities with populations above 50 , 000 . FY20 Proposed Tax Rate $0 . 284271 VIN E. Tax Rate Comparison ; Texas Cities with Population > 50,000 0.9 0.8 0.7 0.6 Grapevine FY20 0.284271 0.5 0.4 0.3 0.2 0.1 0 - i G) LI D K n �10 G) T D : n v m p K z D n K cn G7 Z = _ — n cn v p G � n W K D m v Gl W G) v w K p � K � � D L m v w m fD pj C Q - N — = O O C DI N N ° ° D� < D� DI n n ° _ O- S (D D� fD fD ID -. — O � DI O O DI — N �n C fD — _ 9 < — ° n ° (D D " * ao ° D ao < ao — ° ° o s o �. ° ° ? ° — ° ° o s M ? ° no D o ID O1 o Q M rD o O p' W M ao <. o D s ao o Q o p Q -°_ Q > > " ? D m o Q D D = v m > > D ° n ° D o ao = m D ° �' Q ° ° o ° D v ° 3 �' ° o=o o ° O O O� N °1 O O n n O O S =. O Dq < O_ Q m N S O mQ o ° o D o. �' s o ° - n -. (D ° o s ° j ° D o < FD' — N O- Q - O Sources: Tax Rate: https://comptroller.texas.gov " Population https://en.wil<ipedia.org/wil<i/List_of—cities_in_Texas_by_population 4 7RA 1Ld- f Tax Rate Comparison 0.900 0.800 0.785 0.700 0.635 0.600 0.562 0.585 0.500 0.413 0.439 0.446 0.447 0.463 0.400 0.321 0.300 0.284 0.200 0.100 G', C'o moi o o So ��i �o do '9,i• o 01 "P° ay/ s Grapevine Proposed Tax Rate for FY2020 All Other Tax Rates FY19 per TAD updated October 3, 2018 5 I . Property Tax � �E�� Rate by Jurisdiction Grapevine Prop Tarrant County 0.284 .28 0.234 TC Hospital 10% 0.224 10% TC College 0.136 6% GCISD 1 .397 61 % Based on FY19 Adopted Budgets, Grapevine FY20 Proposed 6 viE�T F: S ' f S FWD If 2nd Public Hearing FY20 Proposed Tax Rate September 3 , 2019