FY2026 Taxpayer Impact Statement

1. FOR THE FISCAL YEAR 2024-2025 MEDIAN-VALUED HOMESTEAD PROPERTY IN THE CITY OF MIDLAND, (1) THE CITY PROPERTY TAX BILL FOR THE CURRENT FISCAL YEAR ($0.348662 PER $100 OF TAXABLE VALUE) IS $907.49, (2) THE ESTIMATED CITY PROPERTY TAX BILL FOR THE UPCOMING FISCAL YEAR IF THE PROPOSED BUDGET IS ADOPTED ($0.347999 PER $100 OF TAXABLE VALUE) IS $909.22, AND (3) THE ESTIMATED CITY PROPERTY TAX BILL FOR THE UPCOMING FISCAL YEAR IF A BALANCED BUDGET FUNDED AT THE NO-NEW-REVENUE TAX RATE AS CALCULATED UNDER CHAPTER 26, TAX CODE,  IS ADOPTED ($0.336458 PER $100 OF TAXABLE VALUE) IS $877.40.
2. FOR THE FISCAL YEAR 2025-2026 MEDIAN-VALUED HOMESTEAD PROPERTY IN THE CITY OF MIDLAND, (1) THE CITY PROPERTY TAX BILL FOR THE CURRENT FISCAL YEAR ($0.348662 PER $100 OF TAXABLE VALUE) IS $922.41, (2) THE ESTIMATED CITY PROPERTY TAX BILL FOR THE UPCOMING FISCAL YEAR IF THE PROPOSED BUDGET IS ADOPTED ($0.347999 PER $100 OF TAXABLE VALUE) IS $924.16, AND (3) THE ESTIMATED CITY PROPERTY TAX BILL FOR THE UPCOMING FISCAL YEAR IF A BALANCED BUDGET FUNDED AT THE NO-NEW-REVENUE TAX RATE AS CALCULATED UNDER CHAPTER 26, TAX CODE,  IS ADOPTED ($0.336458 PER $100 OF TAXABLE VALUE) IS $891.82.