Why is there a property tax rate?
Tarrant Regional Water District is tasked with providing vital flood protection that protects hundreds of thousands of lives and billions in property throughout Fort Worth. The property taxes collected allow TRWD to construct and maintain the 27-mile federal floodway levees stretching through much of Fort Worth.
Who sets the rate?
The tax rate is approved by the TRWD Board of Directors each September.
How does TRWD use these funds?
TRWD’s tax rate is used to support the District’s General Fund, which includes our flood protection and levee maintenance efforts. To see how TRWD’s other functions are funded, visit current TRWD Funding.
What is the current tax rate?
The approved 2024 tax rate is 0.0267 per $100 valuation, which is the same tax rate as 2023.
“OK, so how does this affect me?”
TRWD’s property tax on the average residential home value in 2024 was approximately one percent of the homeowner’s total tax bill. At their September 2024 meeting, TRWD’s Board of Directors voted to keep the District’s tax rate at $0.0267 for the second straight year, which would only increase the homeowner’s tax bill by less than $4.
THE HISTORY OF TRWD’S PROPERTY TAX RATE
For more than forty years, TRWD’s property tax rate has been one of the lowest in Tarrant County. In fact, between 1986 and 1995 the District’s tax rate was $0.00 per $100 valuation. In addition, for the last two decades it has remained between $0.200 and $0.0287 per $100 valuation.
