Fort Worth is proposing a 3.2-cent raise to the property tax rate to close a projected $94 million shortfall for 2027.
The proposed tax rate is 70.2 cents per $100 valuation. City Manager Jay Chapa said Tuesday that the average homeowner would end up paying less in city property taxes next year because of flat appraisals.
Fort Worth would balance its $1.1 billion general fund, which pays for most basic city services, by raising the tax rate and certain fees, cutting expenses and shifting costs to other internal funds…