|Ballot proposition||Specific ballot language not yet known.|
|If I vote FOR||Fort Worth ISD will increase the portion of property taxes that supports the district to $1.378 per $100 valuation for the 2020-21 school year.
|If I vote AGAINST||The portion of property taxes that supports Fort Worth ISD will remain at $1.282 per $100 valuation.|
|Tax consequences||If the proposition passes, the portion of property taxes that supports Fort Worth ISD will go up by 7.5%; for example, the new tax rate would raise taxes on a $100,000 home by about $96.50.
Taxpayers over age 65 would incur no tax increase unless they make substantial improvements to their home.
|What is a VATRE?||State law requires that school districts seek voter approval to raise their tax rate above a prescribed amount. The election is referred to as a Voter-Approval Tax Rate Election (VATRE).|
|Public school tax rates and those age 65 and over||Property taxes for Arlington ISD residents age 65 or over will not be impacted by the bond election.
According to state law, persons 65 and older can apply to receive a homestead exemption through their local property tax appraisal district. For those aged 65 or older with residence homestead exemptions, the dollar amount of school taxes cannot be increased above the amount paid in the first year after the person turned 65, regardless of changes in tax rate or property value, unless significant improvements are made to the home. To apply or to check the current status of your homestead exemption, contact your local property tax appraisal district.
|Recent news articles||“Fort Worth school board adopts tax rate boost for budget that includes raises of 2%,” Fort Worth Star-Telegram (Aug 22, 2020) https://www.star-telegram.com/news/local/education/article245150425.html (paywall - article limit)|