Colleyville Tax Hike Explained | Texas News

Texas News Today | 2 Min News | The Daily News Now! · Aug 29, 2026 · 1m

Colleyville’s city council is preparing to hike property taxes to 35.248 cents per $100 of value — up from 31.1931 — to offset plummeting home valuations and rising operational costs, including new police vehicles and a recreation center. With average home values dropping from over $705K to $678K, the typical tax bill will climb to $2,391, up from $2,200. The city staff argues this is the maximum rate they can set without voter approval, as appraisal district changes and senior exemptions squeeze revenue. Finance director Cassie Smith bluntly put it: lower appraisals mean higher rates —…