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Budget and Tax Rate Notices and Information
As our community continues to grow and evolve, it is essential to ensure that our financial planning aligns with the needs and priorities of Terrell’s residents. This page provides important information about the upcoming public hearings and the process for adopting the Fiscal Year 2026 budget.
The City of Terrell is committed to transparency and public involvement in shaping our financial future. The 2026 Fiscal Year budget is a critical document that outlines our city’s priorities, funding allocations, and strategic initiatives for the year ahead.
NOTICE OF PUBLIC HEARING ON TAX INCREASE
A tax rate of $0.810000 per $100 valuation has been proposed by the governing body of City of Terrell
PROPOSED TAX RATE $0.810000 per $100
NO-NEW-REVENUE TAX RATE $0.741085 per $100
VOTER-APPROVAL TAX RATE $0.862142 per $100
The no-new-revenue tax rate is the tax rate for the 2025 tax year that will raise the same amount of property tax revenue for City of Terrell from the same properties in both the 2024 tax year and the 2025 tax year.
The voter-approval rate is the highest tax rate that City of Terrell may adopt without holding an election to seek voter approval of the rate.
The proposed tax rate is greater than the no-new-revenue tax rate. This means that City of Terrell is proposing to increase property taxes for the 2025 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON AUGUST 26, 2025 AT 6:00 PM AT TERRELL CITY COUNCIL CHAMBERS, 201 E. NASH STREET, TERRELL, TX 75160.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of Terrell is not required to hold an election at which voters may accept or reject the proposed tax rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of the Terrell City Council of City of Terrell at their offices or by attending the public hearing mentioned above.
YOUR TAXES OWED UNDER ANY OF THE RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS:
Property tax amount= (tax rate) x (taxable value of your property)/100
FOR the proposal: Rick Carmona, Mayor Donna Renee Anderson, District 2
Mayrani Velazquez, District 3 Stephanie Holmes-Thomas, District 4
AGAINST the proposal:
PRESENT and not voting:
ABSENT: Phil Robison, District 5
Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property.
The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.
The following table compares the taxes imposed on the average residence homestead by City of Terrell last year to the taxes proposed to be imposed on the average residence homestead by City of Terrell this year.
| 2024 | 2025 | Change | |
|---|---|---|---|
| Total tax rate (per $100 of value) | 0.7642 | 0.810000 | increase of 0.045800 per $100, or 5.99% |
| Average homestead taxable value | $184,142 | $198,447 | Increase of 7.77% |
| Tax on average homestead | $1,407.21 | $1,607.42 | Increase of 200.21, or 14.23 % |
| Total tax levy on all properties | $15,169,522 | $17,048,250 | Increase of 1,878,728, or 12.38% |
For assistance with tax calculations, please contact the tax assessor for City of Terrell at 972-551-6600 or taxinfo@cityofterrell.org, or visit www.cityofterrell.org for more information.