Highland Village’s recently-approved budget for Fiscal Year 2025-2026 will increase the city’s tax rate from $0.500273 to $0.500984 per $100 of home valuation.

The city’s tax makes up 33% of a homeowner’s property tax bill. 55% goes to the local school district and 12% goes to the county.

According to the city, Highland Village’s recently-approved increase will raise the tax on an average residential home, valued at $590,092, by $117.12.

The increase comes after years of tax rate decreases by Highland Village, which lowered the tax rate from $0.56302 per $100 of valuation in Fiscal Years 2019-2022 down to the current rate of $0.500273.

Paul Stevens, the city manager for Highland Village, said recent tax decreases also happened because of value the city had added, which allowed staff to

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