Consider adopting a resolution scheduling the adoption of the tax rate for 10:00 a.m

Staff Report & Agenda Item Details

Consider adopting a resolution scheduling the adoption of the tax rate for 10:00 a.m. on August 27, 2026. CITY OF TEMPLE - TAXPAYER IMPACT STATEMENT: Pursuant to section 551.043(c) of the Texas Government Code (the Texas Open Meetings Act) the City is providing the below table showing, for the median-valued homestead property, a comparison of the property tax bill in dollars pertaining to the property for the current fiscal year to an estimate of the property tax bill in dollars for the same property for the upcoming fiscal year if the proposed budget is adopted and a balanced budget funded at the no-new- revenue tax rate as calculated under Chapter 26, Tax Code, is adopted.* Description FY 2025- 2026 Adopted Tax Rate FY 2026- 2027 Proposed Tax Rate FY 2026- 2027 No-New- Revenue Rate Tax Rate per $100 Valuation $0.6999 $0.6999 Not yet calculated* Median Taxable Value Homestead $190,959 $190,847 Not yet calculated* Estimated Annual Tax Bill $1,336.52 $1,335.74 ------- Pursuant to HB 1522, the proposed budget is available on the City's website for review at www.templetx.gov * Calculations pending certification of the tax roll by the appraisal district IV ORDINANCES - SECOND & FINAL READING 4

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.8/10). 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).