Page 9 - CityofGrapevineFY26AdoptedBudget

BUDGET COVER PAGE

City of Grapevine

Fiscal Year 2025-2026
Budget Cover Page

This budget will raise more revenue from property taxes than
last year's budget by an amount of $22,287, which is a 0.08
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 $192,386.
The members of the governing body voted on on the budget as follows:
FOR: Mayor William D. Tate
Paul Slechta Sean Shope
Sharron Rogers Chris Coy
Leon Leal Duff O’Dell
AGAINST:
PRESENT and not voting:
ABSENT:
Property Tax Rate Comparison

2024-2025 2025 - 2026

Property Tax Rate $0.241165/100 $0.237228/100
No-New -Revenue Tax Rate $0.241165/100 $0.237228/100
No-New-Revenue Maintenance $0.145601/100 $0.144264/100
& Operations Tax Rate

Voter-Approval Tax Rate $0.299582/100 $0.296566/100

Debt Rate $0.109353/100 $0.102797/100

Total debt obligation for City of Grapevine secured by property taxes:
$11,750,000

In accordance with H.B. No. 1522 FY25 (2024) FY26 (2025)
Median-valued Homestead Property $496,089 $483,402

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Budget Cover Page