Finance Tax Facts

Property Tax Rate
The City of Bedford’s current tax rate is $0.476509 per $100 of assessed valuation. This rate is determined by two components. The first rate of $0.303747 is for Maintenance & Operations (M&O) and constitutes the General Fund Operating Revenue from property taxes. The second rate of $0.172762 is for Interest & Sinking Funds, otherwise known as Debt Service, and is accounted for in a separate fund. This money is used to pay the principal and interest on the City’s long-term debt obligations.

Combined Tax Rate for Bedford Residents
The majority of Bedford’s citizens reside in the Hurst-Euless-Bedford Independent School District. The combined tax rate for those citizens is below.

City of Bedford $0.476509
HEB ISD $1.316000
Tarrant County $0.254000
Tarrant County Hospital District $0.227897
Tarrant County College $0.144730
Total $2.419136

A small portion of Bedford’s citizens reside in the Grapevine-Colleyville Independent School District. Their combined tax rate is below.

City of Bedford $0.476509
GC ISD $1.320100
Tarrant County $0.254000
Tarrant County Hospital District $0.227897
Tarrant County College $0.144730
Total $2.423236

Property Tax Rate Exemptions
The City provides Senior Citizen exemption of $50,000.00 and has adopted the over 65/disabled property tax freeze.

City of Bedford’s Sales Tax Rate
The State of Texas levies a sales tax of 6.25% on all purchases statewide. The City of Bedford levies an additional 2%, making the total tax rate 8.25% for all taxable goods purchased in the City of Bedford.

City of Bedford’s Hotel/Motel Tax Rate
The City of Bedford levies a 7% tax on all hotel or motel stays of less than 30 days. The revenue from this tax is utilized for tourism related purposes.

Source:
The City of Bedford, Texas. www.bedfordtx.gov.