Fort Worth Independent School District board members approved a tax rate for the 2025-26 fiscal year that will result in a decrease in most property owners’ tax bills due to additional homestead exemptions that are expected to go into effect this year.
The school board approved a tax rate of $1.0291 per $100 of appraised value on Tuesday night, which is higher than a no-new-revenue tax rate of $0.9813 that would have kept the district’s revenue the same as last year. The increase, ranging from roughly 5% to 11% based on two different state formulas that the district is required to calculate, comes after the school board approved a $43.6 million deficit budget over the summer. Fort Worth ISD’s tax rate last year was $1.0624.
The board approved the new rate in a 7-2 vote with board members Michael Ryan and Kevin Lynch dissenting. No community members spoke on the tax rate during public comment before it was passed…