Median homestead's city tax bill falls about $88 as council finalizes a $5.06 billion taxable roll tonight

Melissa's taxable property base stands at a little more than $5 billion this year, and the City Council is scheduled to make that number official tonight.

The certified 2026 tax roll, prepared by Collin County Tax Assessor-Collector Scott Grigg, is on the consent agenda for the council's 6:30 p.m. regular meeting at City Hall, 3411 Barker Ave. Finance Director Cheryl Fields' staff report calls the ordinance a housekeeping item that the Texas Property Tax Code requires to finalize the roll, and staff recommends approval.

Consent items pass together in one vote unless a council member asks to pull one for discussion.

What the roll shows

The county's summary, dated Oct. 1, counts 11,541 accounts inside the city with a total market value of $6,098,321,308.

About $1.04 billion of that is removed before taxes are figured. Agricultural deferrals on 88 properties account for $152.2 million. Exemptions total $888.7 million, including:

• $168.6 million in homestead exemptions on 6,171 accounts
• $119.5 million for 485 disabled veterans
• $63.1 million under the circuit breaker limit on 363 properties
• $24.8 million for 900 owners age 65 and older
• $445.4 million in a miscellaneous category covering 523 accounts

That leaves a taxable value of $5,057,379,171. At the city's tax rate of 0.454116, the summary puts the total levy at $22,854,165. The summary also lists $112,201 in levy lost to frozen tax amounts.

The typical homeowner's bill

A notice printed with the agenda, required under House Bill 1522, says the city budget for the fiscal year that began Oct. 1 will raise $1,526,613 more from property taxes than last year's, an 8.39% increase. New property added to the roll this year accounts for $1,579,802 in revenue, according to the notice.

The same notice shows the median taxable value of a Melissa homestead falling, from $451,807 last year to $432,453 this year. With the rate unchanged, the city's share of that median bill drops from $2,051.73 to $1,963.84, a decrease of $87.89.

For comparison, the notice lists the no-new-revenue rate at 0.451047, which would have cut the median bill by $101.16, and the voter-approval rate at 0.491481, which would have raised it by $73.70. The notice lists the adopted budget at the same 0.454116 rate the city used last year.

The notice's bill estimates cover only the city's portion of a property tax bill.

The meeting opens with proclamations for Municipal Courts Week, World Town Planning Day and International Accounting Day.

Sources

cityofmelissa.com