Consider a record vote to propose a maximum ad valorem tax rate for Tax Year 2026/Fiscal Year 2027 and set August 24, 2026 as the date for the public hearing and vote on tax-rate adoption

Staff Report & Agenda Item Details

Tarrant Appraisal District's July 25 certified roll and adjusted certified totals provide the current-year values used in the City's truth-in-taxation calculations. Based on those values, the prior-year worksheet inputs, and the City's FY27 tax-supported debt-service requirement of $1,257,454 , staff's current calculated rates are $0.555999 for the no-new-revenue rate, $0.569028 for the voter-approval rate, and $0.609494 for the de minimis rate. Rates are stated per $100 of taxable value. Setting the proposed rate establishes the maximum rate Council may consider during the advertised adoption process; it does not adopt the tax rate. Council may adopt a lower rate on August 24, but a rate above the published proposal would require new action and notice. Tax Rate Comparison Rate measure Rate/$100 Proposed-rate comparison Tax on $100,000 2025 adopted rate $0.504796 — $504.80 2026 no-new-revenue rate $0.555999 +9.62% $556.00 2026 voter-approval rate $0.569028 +7.11% $569.03 2026 de minimis/proposed maximum $0.609494 Proposed $609.49 The proposed rate is $0.104698 (20.74%) above the 2025 adopted rate, $0.053495 (9.62%) above the no-new-revenue rate, and $0.040466 (7.11%) above the voter-approval rate. Property-tax illustrations are before exemptions and tax ceilings. Proposed-rate component Rate/$100 Tax on $100,000 Maintenance and operations (M&O) $0.471099 $471.10 Interest and sinking/debt service (I&S) $0.138395 $138.40 Total proposed maximum $0.609494 $609.49 The I&S rate is designed to fund the $1,257,454 tax-supported debt-service requirement using a $908,596,317 working I&S base and the stated calculation assumptions.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 8.6/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.