Pension

Pension Crisis: Fort Worth Employees vs. Taxpayers

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Fort Worth is in a pension crisis, which in turn has the city looking at raising property taxes significantly this year.  The pension crisis is at the heart of the proposed increase in property taxes.  It would be an increase of over 2.8% this year compared to the prior year.  However if your property had an increase in appraisal you’d see a compounded increase of that amount plus the tax increase.  For instance if your property appraised for 10% more this year, you’d have a net increase of 12.8% (appraisal plus tax increase).  

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