Fair Oaks Ranch budget, tax rate slated for approval Sept. 18

City Council also held a public hearing and first reading of an ordinance for the FY 2025-26 tax rate, $0.28530 per $100 valuation. This rate is unchanged from the previous year.

For the average homeowner, the tax bill will increase from $1,949 to $2,036 per year, representing an $87 increase. This increase is calculated using average home appraisal values, and tax bill changes will vary depending on property value.

What’s next?

On Sept. 18, City Council will consider the final adoption of the budget and tax rate. Following the approval, the new budget will be in effect Oct. 1.

The City Council meeting is scheduled for 6:30 p.m. at the Public Safety Training Room in the Police Station, located at 7286 Dietz Elkhorn Road.