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Grapevine’s property tax rate could decrease based on a plan presented by city officials during the Aug. 5 budget workshop.
The proposed fiscal year 2026-27 budget is $262.4 million, Chief Financial Officer Jeff Strawn said. Revenues are expected to be $265.69 million.
What you need to know
The proposed tax rate for FY 2026-27 is $0.226817 per $100 valuation, which is the no-new-revenue rate. The proposed rate is a 4.4% decrease from the current tax rate of $0.237228 per $100 valuation.
Based on the proposed tax rate, a homeowner with the average taxable value, which is $393,431 for FY 2026-27, will pay $892.37 in property tax to the city, Strawn said. The value is a decrease from the $944.87 a resident would have paid in property tax for the average taxable value of $398,298 for FY 2025-26.
Diving deeper
Expenditures for the FY 2026-27 budget are up 6.84%, compared to the $245.6 million that was adopted for the 2025-26 fiscal year. Strawn said inflation and proposed raises, which include a 3% market increase for full- and part-time employees, a 2% merit-based increase for full- and part-time employees, and a 3%-5% step increase for public safety positions, are the main contributors to the expenditures increase.
The city’s FY 2026-27 general fund is expected to have a surplus of $5,522 with just over $93.9 million in revenue and nearly $93.9 million in expenses. According to city documents, the general fund’s revenues and expenditures will increase by 7% from FY 2025-26.
Additionally, city officials plan to cash-fund $4.3 million for fleet replacements, $5.2 million for street and parks repairs, and a $3.1 million transfer will help fund the Crime Control and Prevention District. The district helps cover operating costs for the police department and jail.
Looking ahead
Grapevine officials plan to hold a public hearing on the proposed budget Sept. 1 before adopting it during the same meeting. The tax rate is scheduled to be adopted Sept. 15.
FY 2026-27 begins Oct. 1, 2026, and runs through Sept. 30, 2027.
