The City's property tax rate on real property is $0.72988 per $100 of assessed value. In other words, the owner of a $100,000 home, would pay the City $729.88 in property taxes. These taxes are collected by Wichita County through an inter-local agreement between the City and the County. The proceeds from this tax are deposited in the General Fund of the City and used to support general operations such as police and fire protection, street maintenance, traffic control, parks and recreation, library service, engineering service, health and safety, and general finance and administrative services. As can be seen from the information below, the certified property tax value for the City of Wichita Falls has steadily increased due to growth and development and increased real estate values.