Farmersville’s 2026-27 budget process is nearing its conclusion, with the City Council scheduled to hear public comment and vote on the proposed budget and property tax rate Sept. 8.

Council will meet at 6 p.m. Tuesday in the Council Chambers at Farmersville City Hall, 205 S. Main St., where residents will have an opportunity to comment on the proposed budget and tax rate before the council considers adopting them.

Under the proposed budget, the city would raise $19,956 less in property tax revenue than in the previous budget, a decrease of 0.84%. The city expects to collect $120,309 in property tax revenue from new property added to the tax roll this year.

Highlights of the proposed budget will be presented during the public hearing, followed by an opportunity for public comment. The council is scheduled to vote on adoption of the 2026-27 budget following the hearing.

The council also is scheduled to vote on the city’s proposed property tax rate for the 2026 tax year.

Farmersville is proposing to maintain its property tax rate at 72.5 cents per $100 of property valuation, the same rate adopted for 2025. The proposed rate is below the 2026 no-new-revenue tax rate of 74.0225 cents per $100 and the voter-approval tax rate of 77.1101 cents per $100.

Because the proposed rate is below the no-new-revenue rate, the city states it is not proposing to increase property taxes for the 2026 tax year based on the tax rate itself.

However, taxes on the average residence homestead are projected to increase because of changes in taxable property values. The average homestead taxable value is projected to rise from $249,411 in 2025 to $252,825 in 2026, an increase of 1.37%.

As a result, the tax on the average homestead would increase from $1,808.23 to $1,832.98, an increase of $24.75, or 1.37%.

Despite the increase for the average homestead, the city’s total tax levy on all properties is projected to decrease from $2,386,475 in 2025 to $2,366,519 in 2026, a reduction of $19,956, or 0.84%.

The proposed tax rate is also below the voter-approval tax rate, meaning the city would not be required to hold an election to seek voter approval of the rate.

Residents may express support for or opposition to the proposed tax rate by contacting members of the governing body or attending the Sept. 8 meeting.

The tax-rate notice lists Council members Tonya Fox, Kristi Mondy, Russell Chandler and Coleman Strickland as voting for the proposal. Mayor Walter Craig Overstreet was listed as present and not voting, while Mayor Pro Tem Gary Michael Henry was listed as absent.

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