If you are looking at total dollars, even the final rate is a tax increase. The new lower rate is still bringing in more money on existing property than it did last year. Of course, individual results will vary based on the amount of increase/decrease of individual properties.
Note that of the total increase in revenue from property taxes, $35,400,918, less than half, $15,826,137 is from new property.
For Fort Worth to have taken in the same amount of money from existing properties, that tax rate, known as the Effective Tax Rate would have to be $0.787766. http://fortworthtexa.../tax-notice.pdf
No matter what, the city is "increasing your taxes."
This is where it is very important to be specific when talking about taxes. There is a big difference between the tax rate and the amount of money generated. Talking taxes in general, your rate can stay the same, but if the value of what you are being taxed on goes up, then you will pay more in $$. The taxing entity hasn't technically increased your taxes, but your value, whether it's property, income, whatever, has gone up, causing an increase in $$. In my opinion, it's a bit disingenuous to call that a tax increase.
Really what's increasing your taxes is the fact that all of your new neighbors are willing to pay more $/sq. ft. to live in your neighborhood than you did when you moved in.
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