Aug. 18 meeting<\/a>, approved Sept. 1 as the date for a public hearing. The council also is scheduled to vote Sept. 15 on the tax rate.<\/p>\nThe city staff is proposing a tax rate of 35.248 cents per $100 of property value, up from the current year\u2019s tax rate of 31.1931 cents per $100. The proposed rate is the highest the city council can approve before asking voters for approval.<\/p>\n
The average home value in Colleyville dropped to $678,440 from $705,492.\u00a0<\/p>\n
As a result, the city tax bill for 2027 on that home would be $2,391.36.\u00a0<\/p>\n
Last year, the average homeowner paid a Colleyville property tax bill of $2,200.65. Appraised values from the Tarrant Appraisal District dropped this summer 3.09% to $8.9 billion.<\/p>\n
That was due to residential valuations, which dropped 3.52% to $7.8 billion. Commercial valuations increased 0.17% to $1.081 billion.<\/p>\n
TAD\u2019s policy of reappraising residential valuations every two years instead of annually has impacted city budgets, which rely on property tax to fund much of their basic city services.<\/p>\n
Other factors affecting Colleyville\u2019s property tax rate for 2027 are increasing numbers of retirees and their senior property tax exemptions, and increased interest expenses coming due on a recreation center and new police vehicles.<\/p>\n
\u201cIt\u2019s not that we\u2019re being frivolous or that we\u2019re spending money to spend money,\u201d Mayor Bobby Lindamood said during the Aug. 18 meeting.<\/p>\n
Cassie Smith, finance director for the city of Colleyville, walked the council through the mechanics driving the property tax increase.<\/p>\n
\u201cIf appraised values go down, our tax rate goes up,\u201d Smith said. \u201cThis is if we\u2019re maintaining the exact same revenues. If our appraised values go up, tax rate goes down. Lovely seesaw effect.\u201d<\/p>\n
Because Colleyville\u2019s valuations decreased, the city would have to raise the tax rate to maintain services, she said.<\/p>\n
\u201cIt does look like a large hike, but again, it\u2019s because those appraised values went down,\u201d Smith said. \u201cIf we were going to stay the same, we would have increased regardless.\u201d <\/p>\n
Smith said that the city\u2019s tax ceiling \u2014 the level at which property tax bills are frozen for qualifying residents \u2014 stands at approximately $22,100,000, representing 24% of the city\u2019s total taxable value. Nearly all of that frozen tier is attributable to senior residents.<\/p>\n
\u201cNinety-nine percent of that 24% is for the 65 (senior residents). So that\u2019s just what our community looks like,\u201d Smith added.<\/p>\n
Eric Zarate is a freelance journalist. If you believe anything in this account is inaccurate, please email us at news@fortworthreport.org with \u201cCorrection Request\u201d in the subject line.<\/p>\n
This <a target=”_blank” href=”https:\/\/fortworthreport.org\/2026\/08\/29\/colleyville-city-council-moves-toward-higher-property-tax-rate-to-counter-lower-appraisals\/”>article<\/a> first appeared on <a target=”_blank” href=”https:\/\/fortworthreport.org”>Fort Worth Report<\/a> and is republished here under a <a target=”_blank” href=”https:\/\/creativecommons.org\/licenses\/by-nd\/4.0\/”>Creative Commons Attribution-NoDerivatives 4.0 International License<\/a>.<img src=”https:\/\/i0.wp.com\/fortworthreport.org\/wp-content\/uploads\/2021\/04\/cropped-favicon.png?resize=150%2C150&ssl=1″ style=”width:1em;height:1em;margin-left:10px;”><\/p>\n
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