Page 5 - BudgetBookCover_FY26_Adopted.pdf
P. 5

Property Tax Information






       This budget will raise more revenue from property taxes than last year's budget by an amount of $8,612,277, which is a 6.12%
       percent increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is
       $3,754,861.





        The members of the governing body voted on the adoption of the tax rate as follows:


         For the adoption: Ron Jensen, Jorja Clemson, Jacquin Headen, Mike Del Bosque, Tony Shotwell, Kurt Johnson, Junior Ezeonu

                                                   Against the adoption: N/A

                                        Present and not voting: Bessye Adams, John Lopez




       Property Tax Comparison



                  Tax Rate Type:                         2025-2026                            2024-2025


        Property Tax Rate:                                         $0.660000/100                        $0.660000/100

        No-New-Revenue Tax Rate:                                   $0.636138/100                        $0.639544/100

        No-New-Revenue Maintenance &                               $0.407526/100                        $0.424866/100
        Operations Tax Rate:


        Voter-Approval Tax Rate:                                   $0.660061/100                        $0.684602/100

        Interest & Sinking Rate:                                   $0.217575/100                        $0.241970/100

        Maintenance & Operations Tax Rate:                         $0.442425/100                        $0.418030/100




       The total debt obligation for the City of Grand Prairie secured by property tax is $53,921,008.


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