Council sets proposed property tax rate at 0.5717881; schedules public hearings for Sept. 16

The Mineral Wells City Council voted to set a proposed property tax rate of 0.5717881, known in the agenda material as the voter‑approval tax rate, and scheduled required public hearings on the fiscal year 2026 budget and the property tax rate for Sept. 16.

The action matters because the council’s choice sets the baseline for the city’s projected general fund and debt service revenue and determines advertised notices the city must publish under state law. Margaret Griffith, the Palo Pinto County tax assessor and collector, presented the certified rates and taxable valuation the city used to compute the options…