Property Tax Rate Adoption

At a glance

• What: Council set the tax year 2026 property tax rate at $0.506080 per $100 of value, up to a levy of $140,577,516, with every member voting yes.
• Where it stands: Adopted September 21, 2026, 9-0.

Detail

• Rate: $0.506080 per $100, made up of a maintenance and operations rate of $0.380253 and an interest and sinking (debt service) rate of $0.125827. The levy is $140,577,516 for tax year 2026 and fiscal year 2026-2027 (Ordinance 2026-O-174).
• Taxpayer impact statement (House Bill 1522): total rate $0.506090 in 2025-2026 versus $0.506080 proposed; median homestead taxable value $194,727 versus $209,899; tax on the median homestead $985.49 versus $1,062.26.
• The required motion language stated that the rate is "effectively a 2.81 percent increase in the tax rate." Gutierrez moved, Garza seconded. Vote 9-0.
• Related: Fiscal Year 2027 City Budget.

Who did what

• Gutierrez: Moved the rate.
• Garza: Seconded.

Sources

• City Council regular meeting minutes (preliminary), September 21, 2026: https://cityoflaredo.legistar1.com/cityoflaredo/meetings/2026/9/1334_M_City_Council_26-09-21_Meeting_Minutes.pdf

Log

2026-09-21 - City Council

Item 22: adopted 9-0.