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Germantown adopts FY26 budget and sets certified property tax rate at $1.79 per $100 assessed value
Summary
After amendments and debate, the Germantown Board of Mayor and Aldermen approved the FY26 budget, a statutory alignment amendment, and an ordinance setting the certified property tax rate at $1.79 per $100 of assessed value.
The Germantown Board of Mayor and Aldermen on Monday adopted the city’s FY26 budget and approved an ordinance fixing the certified property tax rate at $1.79 per $100 of assessed value.
Council members passed an administrative alignment amendment that updated city budget lines to match revenue and expenditure adjustments adopted earlier by the Germantown Municipal School District; the amendment increased total revenues and expenditures for certain funds as reflected in the meeting record and moved unanimously through the roll call.
After a full night of amendments and debate on multiple budget items, the board took final votes to adopt the overall budget. The mayor and aldermen expressed appreciation for staff, the Finance Advisory Committee and department heads for extensive work on the budget.
Adrienne Royals, budget and finance director, summarized the property tax calculation process following the Shelby County reappraisal and noted the certified tax rate calculation, including adjustments, brought the proposed FY26 property tax rate to $1.79. "Attached with this agenda item was the concurrence letter from the state board of equalization recommending and stating that the new certified tax rate would be a dollar $49.87," Royals said; city staff explained additional cents were added to reach the full proposed rate.
The clerk called the roll; the final budget motion carried and the ordinance fixing real and personal property taxes (Ordinance 2025-4) was approved on reading. The board scheduled final reading on Monday, June 23. The ordinance and budget adjustments are part of the FY26 budget process and will take effect under the normal municipal budget calendar.
Votes at a glance: Administrative alignment amendment (housekeeping to align city funds with GMSD adjustments) — passed unanimously; Final adoption of FY26 budget — passed (roll call recorded in meeting minutes); Ordinance 2025-4 adopting a certified property tax rate of $1.79 per $100 assessed value — passed on reading.
