Page 280 - BudgetBookCover_FY26_Adopted.pdf
P. 280

Fiscal Year       Fiscal Year
                                         Tax Rate                                                          Year to Year
                               per $100 of taxable value               2024-2025         2025-2026        Comparison
                                                                      Annual Rate Proposed Rate


                                 No New Revenue (NNR)                         0.639544                 0.636138      (0.003406)   Property Tax Bill Calculation =
                              Adopted /Proposed Tax Rate                      0.660000                 0.660000                          -   Home Value/$100 Taxable Value

                                                                                                                                      X  Tax Rate
                                  Tax Bill with the NNR                        1,144.59                  1,199.92               55.33


                                     Tax Bill with the                         1,181.20                  1,244.93               63.73

                               Adopted/ Proposed Tax Rate



                       Comparing the tax bill for FY2025-2026, the proposed tax rate bill estimate is $45 or 3.8%  more annually over  the
                       NNR tax bill.  In the prior year, the adopted tax rate bill was $37 or 3.20% over the NNR tax bill.







                                                                 General Residence Homestead Exemption
                       The City of Grand Prairie offers a general homestead exemption of 17.5% of the assessed value of qualifying homes from

                       taxation by the City.  In order to qualify for this exemption, the property must be owned and occupied as the owner's
                       principal residence on January 1, and the application must be submitted by April 30th of the year for which the

                       exemption is requested.  Once the exemption is granted, homeowners do not need to reapply on an annual basis. This
                       exemption can combine with the senior exemption and the senior freeze.



                                                            Over 65 & Disabled Persons Homestead Exemption
                       The City of Grand Prairie offers an additional exemption for homeowners aged 65 or older ($45,000) and for disabled

                       homeowners ($30,000). Property owners must apply for this exemption when turning 65 or for initial disabled
                       homeowner status. Once the exemption is granted, homeowners do not need to reapply on an annual basis.



                                                                                  Senior Freeze

                       The City of Grand Prairie offers additional taxpayer relief for homeowners aged 65 or older. After qualifying, the city
                       portion of the tax bill imposed may not increase as the base value prior to exemptions.  The dollar amount is frozen as
                       long as the property remains the individual’s residence and has not increased in square footage. This exemption can

                       combine with the general homestead exemption and the senior homestead exemption.



                                                                            Applying for Exemptions
                       To learn more about whether you may qualify for these or other exemptions, and to apply for these exemptions, please
                       contact or visit the website of the appraisal district in which you reside:




                           Dallas County Appraisal District           https://www.dallascad.org/exemptions.aspx
                           Tarrant County Appraisal District          https://www.tad.org/forms/homestead-exemption
                            Ellis County Appraisal District           https://www.elliscad.com/forms

                          Johnson County Appraisal District           https://johnsoncad.com/exemptions/

























                                                                                                                                                  updated 09/09/2025


                                                                                        280
   275   276   277   278   279   280   281   282   283   284   285