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Temple's city council just voted to hike property taxes starting in 2026. Homeowners are already bracing for the hit to their budgets and wondering if their neighborhoods will become less affordable.
At a glance
Rising — being discussed more frequently. 2 mentions in the last 30 days, 1 the 60 before.
The average homestead tax is expected to rise from $37 to $39.
The district will have increased revenue to fund health and bioscience economic development initiatives.
Property owners will see a slight increase in their annual tax bill.
The board is considering a tax rate increase that would bring the rate to $0.014228 per $100 valuation. This change is expected to increase the tax burden on the average homestead by about $2 annually.
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The city is setting the tax rate for the next year. While the rate is going up, officials say the average homeowner will pay less because property values have dropped.