The Colleyville City Council proposed a tax rate of $0.352480 per $100 valuation for fiscal year 2026-27 at its Aug. 18 meeting. If adopted, the rate would be a 13% increase over the current rate of $0.311931 per $100 valuation.<\/p>\n
What it means<\/strong><\/p>\n Because the proposed rate is above the no-new-revenue rate, a public hearing is required before adoption and is scheduled during the council’s Sept. 1 meeting<\/a>. A second hearing and possible adoption of the rate is scheduled for the council\u2019s Sept. 15 meeting.<\/p>\n The no-new-revenue rate is the tax rate that would produce the same revenue as the previous year, accounting for changes in property value and was $0.321034 per $100 valuation, according to city documents<\/a>.<\/p>\n Because the rate is not above the voter-approval rate of $0.352480 per $100 valuation, the city does not have to hold an election to get voter approval. However, voters can still show their support or opposition at the public hearings.<\/p>\n The cause<\/strong><\/p>\n One of the main reasons for the tax increase is the decrease in appraised property value, Finance Director Cassie Smith said during the meeting.<\/p>\n When property values go down, the taxable value of the property also decreases so the city receives less revenue at the same tax rate.<\/p>\n The average taxable value of a home was $705,492 in 2025 and $678,440 after the decrease, according to the city.<\/a><\/p>\n Under the new tax rate, the average home would see an increase of 8.66% or $190.72 annually.<\/p>\n The breakdown<\/strong><\/p>\n Tax rates are made up of maintenance and operations and interest and sinking.<\/p>\n Maintenance and operations funds services in the city<\/a> like public safety, infrastructure and community programs and is increasing from $0.294232 per $100 valuation to $0.318650 per $100 valuation.<\/p>\n Interest and sinking funds debt repayments<\/a> for projects like new facilities and equipment and is increasing from $0.017699 per $100 valuation to $0.033830 per $100 valuation. I&S is increasing to help fund the purchase of police vehicles and payments toward the recreation center, Smith said.<\/p>\n The total tax rate has increased every year since 2023 and the proposed rate would be the highest it has been since 2015, according to city data<\/a>.<\/p>\n Mayor Bobby Lindamood said the increase was important for proper upkeep of the city.<\/p>\n \u201cIt’s not that we’re being frivolous or just spending money to spend money,” Lindamood said. \u201cWe’re able to keep our city beautiful, our city safe, and so it does cost a little more money.\u201d<\/p>\n The background <\/strong><\/p>\n