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Lewisville council adopts 0.419009 tax rate; vote follows required statutory language
Summary
The council held a public hearing and approved an ordinance establishing the 2025-26 tax rate at 0.419009. Staff noted the rate is lower than last year but must be presented under state-required "increase" language because it exceeds the no-new-revenue rate; the ordinance passed unanimously.
The Lewisville City Council on Tuesday adopted an ordinance setting the city's 2025-26 property tax rate at 0.419009 per $100 of valuation following a required public hearing. City staff told the council the proposed rate of 0.419009 is 0.003426 lower than last year's rate of 0.422435 but exceeds the state's no-new-revenue rate, which triggers statutory notice and specific motion language. "Section 26.05(d) of the Texas Property Tax Code requires a governing body to hold a public hearing to adopt a tax rate for the current tax year if the…
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