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
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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