The City of Wylie is preparing its budget and tax rate for the upcoming fiscal year, and residents will have a chance to weigh in later this month.

The proposed budget for fiscal year 2026 would bring in about $2.5 million more in property tax revenue than last year, an increase of 6.07 percent. Roughly $843,000 of that total would come from new properties added to the tax roll.

City Council will hold a public hearing on the proposed budget at 6 p.m. Tuesday, Aug. 26, in the council chambers at the Wylie Municipal Complex, 300 Country Club Rd. Copies of the budget are available for review at the Rita and Truett Smith Public Library, the city secretary’s office, the city manager’s office, and online at wylietexas.gov.

The proposed spending plan outlines how funds will be used for city services such as public safety, streets, utilities, parks and community programs. According to the notice, Wylie expects to start the year with just over $122 million in available funds and projects total appropriable funds of about $177 million. Public safety remains the largest portion of the budget at more than $40 million.

Along with the budget, the council will also consider the city’s property tax rate.

The proposed rate for 2025 is $0.543438 per $100 of taxable value. That’s higher than the no-new-revenue rate of $0.521441, which is the rate that would raise the same amount of revenue as last year on existing properties. However, it is below the voter-approval rate of $0.559554, meaning the city is not required to hold an election on the increase.

For the average Wylie homeowner, the proposed rate would mean a tax bill of about $2,578, up from $2,252 last year — a jump of roughly 14 percent. The increase is driven largely by rising property values, which have gone from an average of $421,497 last year to $474,336 this year.

Overall, the citywide tax levy would increase from $41.5 million to $44 million.

A public hearing on the tax rate will also take place during the Aug. 26 council meeting. Residents can share their opinions in person or reach out to council members directly ahead of the vote.

City leaders said they encourage residents to review the budget and participate in the process, since the annual spending plan sets priorities that affect day-to-day services across the community.

Notices for the hearing on the tax increase and the proposed budget are included on pages 2A and 7A, respectively.

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