July 30, 2010
Council drops city property tax rate 1/2 cent
By MIKE LEE FORT WORTH -- The city property tax rate will drop by half a cent under a budget compromise worked out Tuesday. The City Council cut last year's tax rate by the same amount. At the proposed new rate of 85.5 cents per $100 of assessed property value, the tax bill on an average-value home with a homestead exemption will still rise, from $744 to $779, because of higher property values. Read more herePublic-employee unions plan to fight tax reforms
The state's largest public-employee unions are preparing to battle certain provisions of the property-tax reform package proposed by the state Legislature last week.
Troy schools to seek 1.5% income tax OK
Facing state phase-out of a local business tax and uncertain future state funding, the school board is placing a 1.5 percent earned income tax on the November ballot.
Top Tax Bracket -
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