The fiscal year 2026-27 property tax rate for Grapevine-Colleyville ISD will remain unchanged from the rate used for fiscal year 2025-26.
Trustees approved a tax rate of $0.8686 per $100 valuation during the Aug. 24 meeting.
What you need to know
The tax rate is broken down into two components: maintenance and operations and interest and sinking. The maintenance and operations rate covers employee salaries and other general operating expenses. The interest and sinking rate is primarily used to repay debt.
The FY 2026-27 maintenance and operations component of the rate is $0.7054 per $100 valuation, which is a decrease from $0.7122 per $100 valuation for FY 2025-26. The interest and sinking component of the rate is $0.1632 per $100 valuation, which is an increase from $0.1564 per $100 valuation for FY 2025-26.
Based on the tax bill for a median-valued residence in the district, or $372,466, the tax bill would be a reduction of around $286 for FY 2026-27. The tax bill for a median-valued residence would go from $3,522.05 in FY 2025-26 to $3,235.24 for this upcoming fiscal year.
Some context
Trustees voted to adopt the FY 2026-27 budget, which totals $237.7 million, in June. Based on the adopted budget, GCISD officials expect to collect more than $181.69 million in revenue from property taxes, per district documents.
Additionally, GCISD’s property values grew by 2.5% from $22.2 billion in FY 2025-26 to $22.8 billion for FY 2026-27, Chief Financial Officer Carla Settle said.
“While Tarrant County as a whole might have seen some property value decline, we did not,” Settle said. “We did see some moderate growth. Not quite what we anticipated when we came up with our financing plan, but we did see a 2.5% growth overall.”
One more thing
GCISD officials project to pay $34.3 million in recapture payments for FY 2026-27, which is a 24.3% increase over the estimated $27.6 million in recapture paid to the state for FY 2025-26.
