FY 2027 budget and De Minimis tax rate strategy
Summary
A small property tax increase (~$318,000 in revenue) is built into the budget to help fund employee raises, with the council leaning toward the de minimis rate. Final rate options and the vote come August 4 and August 24.
At a glance
- Total mentions
- 5
- Last 30 days
- 0
Last discussed Sep 1, 2026.
Impact analysis
Current rate is $0.5717881 per $100 valuation — about $1,022.57 a year on a median homestead; the new rate hasn't been calculated yet.
City employees benefit from the funded raises; taxpayers bear the modest increase.
Property owners will pay somewhat more in taxes.
Mentions & discussions (5)
City Council - Sep 1, 2026
City workers will contribute 6% instead of 5% to their retirement, with the City matching the increase, plus updated service credits and annual cost-of-living adjustments. It's a richer benefit but a higher cost for the budget.
Higher Taxes on the Horizon: City of Mineral Wells
Higher Taxes on the Horizon: City of Mineral Wells Texas Public Policy Foundation
City Council - Aug 4, 2026
The council set the highest legal tax rate — about 18% higher, roughly $196 more per year on a median home — to fund a retirement boost for city employees from 5% to 6%. Supporters said it protects long-term finances; one member voted no.
City Council - Jul 28, 2026
A small property tax increase (~$318,000 in revenue) is built into the budget to help fund employee raises, with the council leaning toward the de minimis rate. Final rate options and the vote come August 4 and August 24.
City Council - Jul 7, 2026
The city will use the De Minimis tax rate for general fund operations and a separate debt service rate, shaping next year's budget and your property tax bill.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
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