FY 2027 tax rate options
Summary
Council looked at three rate scenarios. The de minimis rate (about 0.60) means roughly $220 more per year on a median home; staff recommends dipping into debt fund savings to keep the total closer to the mid-$50-cent range.
At a glance
- Total mentions
- 5
- Last 30 days
- 0
Last discussed Aug 24, 2026.
Impact analysis
Median home's city property tax would rise from about $1,217 to roughly $1,314 under the proposed budget, or as much as ~$1,447 at the full de minimis rate.
City services and operations stay funded; public safety pay stays competitive.
Homeowners face a higher city property tax bill than last year.
Mentions & discussions (5)
City Council - Aug 24, 2026
The council adopted a $26.71M budget funded at the voter-approval rate, raising the average city tax bill about $154. Some members wanted a higher 58-cent rate for cushion; others said residents already face Atmos gas and water increases and the city shouldn't add more.
City Council - Aug 17, 2026
Staff recommended dropping the proposed maximum rate from the de minimis rate ($0.609494) to the voter-approval rate ($0.569028), saving the median homeowner about $200 a year while still producing a balanced budget using an RHDC transfer. The official tax-rate hearing and adoption vote happens August 24.
City Council - Aug 10, 2026
The city is proposing a maximum tax rate of $0.609494 — about ten cents above the current rate — to offset a $3.5–4 million revenue loss from a major business that left town. For the median home, that's roughly $1,469 in city property taxes versus $1,217 today. The budget also funds police and fire pay at 95% of market and dedicates $1.275 million in street sales tax to resurfacing 8–9 streets. The real rate decision comes August 24.
City Council - Jul 27, 2026
Council looked at three rate scenarios. The de minimis rate (about 0.60) means roughly $220 more per year on a median home; staff recommends dipping into debt fund savings to keep the total closer to the mid-$50-cent range.
City Council - May 26, 2026
A couple of major wholesale companies that drove 30–40% of the city's sales tax have left or are leaving, cutting projected revenue about 36%. Staff propose phasing capital projects, pausing Safe Routes to School, and possibly dissolving the Baker TIRZ to protect services without layoffs.
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