Page 21 - BudgetBookCover_FY26_Adopted.pdf

Grand Prairie is located in Dallas, Tarrant, Ellis, and Johnson counties. The
City contracts with the appraisal district in each of these counties to ensure
accurate property value assessments that adhere to the state’s guidelines.
Additionally, the City determines exemptions provided to residents assessed
under state law to reduce taxpayers’ taxable value. After the City calculates
the tax rate per state guidelines, City Council votes to approve the rate. The
taxable value multiplied by the tax rate determines property tax revenues for
a specific year. These revenues are used to pay the City’s debt and day-to-
day operations.

FY 2025/2026 TAX VALUES & RATES
TAX RATE: $0.66

Debt Service Fund -

33% Interest & Sinking
$0.217575 Cents or 33%

67% General Fund -
Maintenance & Operations
$0.442425 Cents or 67%

PROPERTY VALUES

$564M $1.2B
FY 2025/2026 $143.3M Revenue
Appraised Value Exisiting Property
$26.5B

Prior Year Values $3.7M Revenue
New Property
$24.7B
Reappraisal
$147M
New Values Total Revenue

21