Page 79 - CityofGrapevineFY26AdoptedBudget

Property Tax Rate Compared to Other Cities

M&O I&S
$0.7
$0.66000 $0.67000
$0.62980 $0.63900
$0.61188
$0.6
$0.55729
$0.52621
$0.49784 $0.50480
$0.5
$0.47647
$0.4 $0.38728

$0.31193
$0.3 $0.28700 $0.29500
$0.23723
$0.2

$0.1

$0.0
City of Grapevine City of Keller City of Southlake City of Colleyville City of Flower Mound City of Euless City of N Richland Hills City of Richland Hills City of Bedford Haltom City City of Hurst City of Arlington City of Mansfield City of Grand Prairie City of Fort Worth

FY26 Rates

FY 26 Ad Valorem Rates

Sales and Use Tax
ACTUALS ADOPTED ESTIMATED ADOPTED
FY2023 FY2024 FY2025 FY2025 FY2026

Revenues
GENERAL FUND
SALES TAXES $39,559,646 $42,231,556 $42,500,000 $43,500,000 $42,500,000
MIXED BEVERAGE TAXES $2,701,727 $2,729,204 $2,838,000 $2,750,000 $2,800,000

GENERAL FUND TOTAL $42,261,373 $44,960,760 $45,338,000 $46,250,000 $45,300,000
REVENUES TOTAL $42,261,373 $44,960,760 $45,338,000 $46,250,000 $45,300,000

Sales and mixed beverage taxes are the largest General Government revenue streams, representing 42% of total revenues. The State imposes a 6.25%
state sales and use tax on all retail sales, leases and rentals of most goods, as well as taxable services. The City is authorized to impose an additional 2%
sales and use tax for a maximum combined rate of 8.25%. Sales tax within the General Fund represents 1% of collected sales tax.

Total revenue from sales tax in the General Fund is budgeted at $42.5 million, equal the prior year’s budget. Total sales tax revenue in the General Fund
in FY25 is anticipated to be up $1.2 million (3%) from FY24.

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