STRATEGIC PRIORITY: Fiscally Sound
AGENDA DATE: September 17, 2025
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Budget and Management Services
EXECUTIVE: Jack Ireland
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SUBJECT
Title
A public hearing to receive comments on a $0.7022 per $100 assessed valuation property tax rate for the 2025-26 fiscal year as discussed on August 27, 2025; City Council will vote to adopt a tax rate on Wednesday, September 17, 2025, at Dallas City Hall, City Council Chambers - Financing: No cost consideration to the City
Body
BACKGROUND
The City Manager’s recommended budget for FY 2025-26 set the property tax rate at $0.6997 per $100 assessed valuation, a $0.0050 decrease from the FY 2024-25 property tax rate of $0.7047 per $100 assessed valuation.
The FY 2025-26 proposed tax rate of $0.6997 per $100 assessed valuation is greater than the FY 2025-26 calculated no-new-revenue tax rate of $0.673196 per $100 assessed valuation. On August 27, 2025, City Council authorized a public hearing to be held on Wednesday, September 17, 2025 to receive comments on a proposed tax rate of $0.7022 per $100 assessed valuation; and a proposal to consider adoption of a tax rate of $0.7022 per $100 assessed valuation or a lower rate as may be proposed by the City Council on September 17, 2025.
The City published a public notice in the official newspaper of Dallas Morning News, on the City’s website, and on the City’s free access TV. The City also published the public notice in Al Día, The Dallas Examiner, Dallas Voice, Dallas Chinese News, and NGÝỜI VIỆT DALLAS.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
The City Council was briefed on the City Manager’s Recommended Biennial Budget for FY 2025-26 and FY 2026-27 which included a proposed tax rate of $0.6997 per $100 assessed valuation on August 12, 2025.
On August 27, 2025, the City Council authorized a public hearing to be held on September 17, 2025, by Resolution No. 25-1349.
On September 3, 2025, the City Council discussed budget amendments which did not lower the property tax rate from the City Manager’s recommended property tax rate of $0.6997 per $100 assessed valuation and passed a budget ordinance on the first reading by Resolution No. 25-1426.
FISCAL INFORMATION
No cost consideration to the City.