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Coppell staff proposes 0.441166 tax rate in FY2027 budget presentation
Summary
At an Aug. 4 budget work session, city staff presented certified 2026 property values and a proposed tax rate of 0.441166; staff said the median homeowner would pay roughly $63 more next year though the proposed rate is slightly lower than last year.
At a Tuesday evening budget work session, city staff presented the proposed FY2027 budget and the certified property values that underlie the property-tax calculation. Kim, the city's finance presenter, said the recommended tax rate is 0.441166 and that using the required median-assessed-value calculation the typical residential taxpayer would pay about $63 more than last year.
"The proposed tax rate is 0.441166," Kim told the council, noting the rate is lower than the prior year but that the median tax bill rises because assessed values increased. The final certified valuation for tax year 2026 rose 4.54% overall, the smallest five-year increase the city has seen, Kim said. Commercial values were up about 9.7%; residential values rose just under 3%; business personal property decreased modestly after a voter-approved increase in that exemption last November.
Staff framed the budget within the city's five-year forecasting work and state policy constraints. Mike, a senior staff member who opened the session, said the council's task is to preserve the community's capacity to deliver services while adapting to fiscal limits. "Our responsibility is not just to spend less. It is to preserve the community's capacity to thrive while adapting to long term physical realities," he said.
Kim walked through how new construction and reappraisals contributed to the valuation changes: new construction represented roughly $83 million (about 15% of the growth) and yielded an estimated $366,000 in property-tax revenue not included in the 'no-new-revenue' tax-rate calculation; reappraisals accounted for most of the year-over-year growth.
The schedule for final steps remains: staff will file the proposed budget by the end of day tomorrow; the council will vote on the maximum tax rate to publish on Aug. 25; public hearings on the budget and tax rate, followed by adoption votes, are set for Sept. 8. Kim said council may amend the budget on adoption night.
The session included several technical questions from council members about how bonds, debt service and new construction affect the levy. Staff noted recent bond issuance and callable series affect future debt-service requirements but said the proposed M&O and I&S assumptions are baked into the five-year forecast.
