The governing body of the City of Euless, Texas, has proposed a new tax rate of $0.476466 per $100 valuation, according to a recent notice. This proposed rate is higher than the "no-new-revenue" tax rate of $0.467324, signaling a potential uptick in the amount property owners would owe for the 2025 tax year. The public will have the opportunity to voice their opinions about this proposed increase at a public hearing scheduled for August 18 at 7:00 PM, held at the Euless City Hall located at 201 N. Ector Drive.
The new rate falls under the "voter-approval" tax rate, which is set at $0.476958 per $100. While the proposed rate is higher than the one to maintain current revenue, it doesn't surpass the threshold to automatically trigger a public vote. This technicality allows the city council to proceed without putting the issue directly to a ballot. However, this hasn't stopped members of the community from being able to openly express their support or opposition. Taxpayers can reach out to members of the Euless City Council directly or attend the upcoming public hearing to make their voices heard.
According to the City of Euless, under the proposed tax rate, the average residential homestead tax value would see an increase of 0.85% from $262,674 to $264,914. This hikes the tax on an average homestead from $1,173.36 to $1,262.23, signifying an increase of $88.87 or 7.57%. Overall, the total tax levy on all properties is set to increase from $29,136,734 to $29,826,631 — a 2.37% rise.
