CITY OF KATY, Texas (Covering Katy News)—The Katy City Council on Monday adopted a $74.7 million budget for 2025-26 and ratified a tax rate of $0.425 per $100 property valuation to fund it.
Budget Decreases 5.3% Despite Rising Property Values
The budget represents a $4.2 million, or 5.3%, decrease from last year’s amended budget, city officials said.
While the tax rate remains unchanged from last year, the budget is expected to generate about $1.96 million more in property taxes than last year’s budget due to rising property values. Of this amount, $315,737 will come from new property added to the tax rolls, city officials said. Steady corporate property tax revenues have enabled the city to maintain the same tax rate as last year, according to Council Member-at-Large and Mayor Pro Tem Chris Harris.
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