Reading and Public Hearing In compliance with the Texas Property Tax Code, Chapter 26, taxing units must adhere to "Truth-in-Taxation" laws when setting tax rates and calculating the effective tax rate. The proposed property tax rate for the City of Colleyville's Fiscal Year 2027 budget is $0.352480 per $100 of valuation. This rate is higher than the calculated no-new-revenue rate of $0.321034 but not higher than the calculated voter-approval rate of $0.352480. To comply with Chapter 26 of the Texas Property Tax Code, the City of Colleyville is required to publish the "Notice of 2026 Tax Year Proposed Property Tax Rate for the City of Colleyville." This notice will be published in the Fort Worth Star-Telegram within the next week. Since the proposed tax rate exceeds the no-new-revenue rate, a public hearing is required and is scheduled for September 1, 2026, at 7 p.m. on the third floor of 100 Main Street, Colleyville, TX 76034. The second and final reading and vote are scheduled for September 15, 2026, at 7 p.m. at the same location. To inform the citizens of Colleyville about the proposed 2026 tax rate, the attached resolution reflects the City Council's intention to adopt the tax rate of $0.352480 per $100 of valuation, using the July 25, 2026, certified tax roll provided by TAD as the basis for the proposed rate. Formal City Council action is required to publish the Notice of 2026 Tax Year Proposed Property Tax Rate for the City of Colleyville, as mandated by Section 140.010 of the Local Government Code.

Bastiat Liberty & Property Rights Analysis

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 8.9/10). 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.