Page 78 - CityofGrapevineFY26AdoptedBudget

SUMMARY OF MAJOR REVENUES

AD VALOREM TAXES
Ad Valorem Taxes, or property taxes, are levied in October on the assessed value of all real and personal property located within the City. Assessed
values represent the appraised value less applicable exemptions authorized by the City Council. Appraised values are established by the Tarrant
Appraisal District (TAD) at 100% of estimated market value. Tax bills are sent in October and due no later than January 31 of the following year.
Beginning February 1, unpaid bills are subject to penalties and interest. Penalties begin at 6 percent and increase monthly to a maximum of 12 percent
in July. Interest begins to accrue at the rate of 1 percent per month until the account is paid in full.

The City of Grapevine offers a 20% homestead exemption which is the maximum authorized by the State. Additionally, the city offers a $75,000 over-65
exemption, over-65 tax freeze, and a $10,000 disabled-person exemption.

$25M

$20M
Amount $15M GENERAL FUND

DEBT SERVICE
$10M
$5M
$0
Actuals - FY2023 Actuals - FY2024 Adopted - FY2025 Estimated - FY2025 Adopted - FY2026
Category
Data Updated: Nov 03, 2025, 3:09 PM

The property tax rate is split between the Maintenance & Operations (M&O) and Interest & Sinking (I&S) rates. Revenues from M&O collections fund
expenses in the city's General Fund and revenues from I&S collections fund debt service payments for outstanding bonds.

The City has adopted an M&O tax rate of $0.134431 (57%) and I&S rate of 0.102797 (43%) resulting in a total rate of 0.237228.

Ad Valorem (Property taxes)
ACTUALS ADOPTED ESTIMATED ADOPTED
FY2023 FY2024 FY2025 FY2025 FY2026

Revenues
GENERAL FUND $14,683,291 $15,228,678 $15,794,705 $15,654,958 $16,347,520
DEBT SERVICE $13,096,408 $12,778,196 $13,070,000 $12,955,000 $13,025,590

REVENUES TOTAL $27,779,698 $28,006,873 $28,864,705 $28,609,958 $29,373,110

In FY2026, the city expects to collect $29.3 million in Ad Valorem taxes.

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