FY 2019 Budget Highlights
The Euless City Council approved a balanced budget for Fiscal Year 2018-19, which leaves the City’s property tax rate unchanged at 46.25¢ per $100 of valuation. The budget provides funding to continue the day-to-day operations of the City including 24-hour police, fire and EMS service, public works, parks and recreation, library services, building inspections, code compliance and other essential City services.
This is the 25th consecutive year that the property tax rate has either remained flat or been reduced. Although the City’s tax rate is the same as last year, individual tax bills may fluctuate based on changes in your home value, which are determined by Tarrant Appraisal District.
In addition to providing for basic City services, the budget provides funding for several capital projects including:
- Reconstruction of Harwood Road from Industrial Blvd to Main Street; West Pipeline Road from Arwine Court to Raider Drive; South Pipeline Road from Highland Drive to Royal Parkway; Highland Drive; and a new section of Mills Drive that will provide access to Carr Park from Hwy 10.
- Carr Park will be enhanced through the additional of picnic stations, upgraded playground equipment, parking enhancements, fitness stations, and an expanded trail network that will connect to the north side of the creek through the addition of two walking bridges.
- The Mary Lib Saleh Euless Public Library will undergo an extensive renovation which will reconfigure the space to include additional meeting rooms, a dedicated teen room and an enhanced children’s area, as well as provide for HVAC replacement and general upgrades.
- Two of the City’s water wells that have reached end of life will be replaced. The new water wells are a critical part of the City’s water supply and will incorporate additional treatment techniques to address taste and odor issues.
- Water lines will be replaced along Kynette Drive and wastewater lines will be replaced in the Oakwood Terrace addition and Cedar Hill Estates;
- Design work will begin to convert the fields at Softball World to multi-use synthetic turf fields and renovate existing facilities.
The General Fund Budget increased 1% and includes additional funding for the systematic replacement of equipment such as computers and HVAC systems as well as increased annual funding for street maintenance. This is a significant step in eliminating dependence upon excess reserves for these critical expenditures. The budget also includes funding for an additional Public Works Field Technician.
Property taxes represent the largest revenue source for the City. As stated, the City’s tax rate is remaining flat. Using the average home value of $223,062 and the adopted tax rate of 46.25¢ per $100 of taxable valuation, a homeowner with a homestead exemption will pay $825 this year in City property taxes. A senior citizen homeowner in a home of average value will pay $605 this year.
In addition to providing a 20 percent homestead exemption and one of the lowest tax rates in the region, the City of Euless also offers a $35,000 exemption for homeowners over 65, and an over-65 tax ceiling. This tax ceiling lets senior citizens pay no more than they paid at age 65 even though the home value may change, excluding improvements. Property tax exemptions and ceilings can be applied for at the Tarrant Appraisal District by calling 817-284-0024 or visiting www.tad.org.
The City property tax represents approximately 20% of a resident’s overall property tax bill. The total tax bill also includes the school district, county, hospital district and the college district.
Sales tax revenue is the second largest revenue source. Of the 8.25¢ sales tax rate, the State of Texas receives 6.25¢ and Euless receives 2¢. The City’s portion is allocated as follows:
- ¼¢ is dedicated for property tax reduction
- ¼¢ is dedicated to crime prevention
- ½¢ is used for economic development, library and parks
- 1¢ funds general government operations
Water and wastewater rates are increasing due primarily to increased costs from Trinity River Authority to purchase water and wastewater treatment services. The residential base rate for water will increase 75¢ and the volume rate for water will increase 30¢ per 1000 gallons. The base rate for wastewater will increase 25¢ and the volume rate for wastewater will increase 29¢ per 1000 gallons.
To help offset these increases, the City Council approved a 30¢ per 1000-gallon rebate from the rate stabilization fund for residential water usage up to 15,000 gallons.