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Posted on: October 25, 2016

2016-2017 Fiscal Year Budget - Tax Rate Decrease

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Grapevine City Council approved an operating budget of $172.8 million for the 2016-2017 fiscal year that began October 1. The budget will allow Grapevine to maintain the high quality service levels that residents have come to expect. The City Council also approved adoption of a property tax rate of $0.289271, which represents a 12% decrease from the previous year. Grapevine citizens will continue to benefit in having one of the lowest tax rates in Texas for a City our size. This rate decrease will also help relieve homeowners of the tax burden that is a result of home appraisals in our booming real estate market.

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