Public hearing to discuss the proposed ad valorem tax rate of $0.326182 per $100 of assessed value for the tax year 2026, including a maintenance and operations rate of $0.192445 and a debt service rate of $0.133737. This is equal to the previous year's tax rate and the De Minimis rate, as stipulated by the State Comptroller.

Staff Report & Agenda Item Details

Public hearing to discuss the proposed ad valorem tax rate of $0.326182 per $100 of assessed value for the tax year 2026, including a maintenance and operations rate of $0.192445 and a debt service rate of $0.133737. This is equal to the previous year's tax rate and the De Minimis rate, as stipulated by the State Comptroller. Per Texas Statute 26.05(d), a governing body must allow for a public hearing on the proposed tax rate for the upcoming fiscal year. Notices informing the public of the proposed rate as well as the time and location of this hearing were posted on the City's website and in the Star Telegram. 2026 2027 2027 2027 2027 Adopted Rate Proposed Rate No-New Revenue Rate Voter Approval Rate De Minimis Rate O&M $ 0.186998 $ 0.192445 $ 0.180094 $ 0.186397 $ 0.192445 I&S $ 0.139184 $ 0.133737 $ 0.128490 $ 0.133737 $ 0.133737 Total $ 0.326182 $ 0.326182 $ 0.308584 $ 0.320134 $ 0.326182 Avg Home Value $ 425,900 $ 426,162 $ 426,162 $ 426,162 $ 426,162 Avg Tax Bill $ 1,390 $ 1,390 $ 1,315 $ 1,364 $ 1,390

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.4/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).