Property tax rate and homestead exemption
Where it standsOn Sept. 1, 2026 the council adopted the FY2027 budget and a tax rate of $0.630000 per $100 of taxable value.
What's on the tableThe council elected now will set future tax rates and budgets and decide whether to amend the homestead exemption.
- The FY2027 tax rate ordinance set a maintenance and operations rate of $0.487031 and a debt rate of $0.142969, for a total of $0.630000 per $100. City of The Colony · Sep 1, 2026
- The Sept. 1 taxpayer impact statement lists a no-new-revenue rate of $0.653703 against the proposed $0.630000. City of The Colony · Sep 1, 2026
- The tax rate ordinance passed with Judy Ensweiler and Robyn Holtz voting no. City of The Colony · Sep 1, 2026
- On June 16 the council discussed an ordinance amending the homestead exemption; no action was taken. City of The Colony · Jun 16, 2026