Grapevine, Colleyville and Southlake’s tax rates have fallen over time as cities look to relieve the burden of rising property values. (Source: Cities Of Colleyville, Grapevine, Southlake/Community Impact Newspaper)
As tax bills arrive, cities across Tarrant County will likely collect more revenue from property taxes despite flat or lower tax rates—unless that city is Colleyville.
This year Colleyville lowered the city’s property tax rate for fiscal year 2018-19 to the effective tax rate of $0.3208 per $100 valuation.
“The effective tax rate is a complicated way of saying that our intention is to collect the same amount of revenue this year as we did in last year,” Assistant City Manager Adrienne Lothery said. “That is something that a lot of communities say can’t be done, and we’re doing it.”
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