Colleyville adopted a $98.33 million budget for FY 2026-27 with a property tax rate of $0.352480 per $100 of value, up from $0.311931 and the city's third straight annual increase. City figures put the average homeowner's city bill at about $2,391, roughly $191 more than last year. At the same time, a $7.5 million voting center and splash pad project is moving toward bids. Here is how those pieces fit together.
What did Colleyville adopt for 2026-27?
Community Impact reported on Sept. 17, 2026, that the council approved the budget and rate for the fiscal year running Oct. 1, 2026, through Sept. 30, 2027. The rate breaks down into two parts:
- Maintenance and operations: $0.31865 per $100 of value.
- Interest and sinking, which pays debt: $0.03383 per $100 of value.
The debt portion rose to cover about $766,000 in additional debt service for the recreation center project and the fire apparatus payment schedule. City leaders said the increases are meant to maintain existing service levels and avoid cutting staff.
How much more will a typical homeowner pay?
The average taxable home value in Colleyville fell to $678,440 from $705,492 the year before, according to the same report. Even with that lower value, the higher rate brings the estimated average city tax bill to $2,391.37, up $190.72 or 8.66% from $2,200.65. The mayor described the change as about $20 a month.
That figure covers only the city portion of the bill. School district, county and other taxes are separate, and each school district sets its own rate.
Why are taxes rising when values are falling?
When appraised values decline, a city that wants to keep the same revenue has to raise its rate. Colleyville has also taken on new obligations, including the recreation center purchase and renovation. Community Impact reported in 2024 that the city bought the building and land for $8.5 million from a $10 million budget, and that staff completed most renovations in-house, saving roughly $950,000.
The context matters for comparisons. Neighboring Grapevine lowered its rate for FY 2026-27, and Southlake reduced its rate to $0.29 per $100. Colleyville relies more heavily on residential property tax than those cities, which have larger sales tax bases. For buyers comparing the three, our agents at The Agency Dallas look at the full tax statement and the services each city provides, not just the rate.
What is being built at the Colleyville Recreation Center?
Voters rejected a $20 million recreation center expansion bond in May 2025, with about 55% voting against, according to Community Impact. That proposal would have added roughly 31,000 square feet, including fitness space, a gym and an elevated track.
The city has since moved forward with a smaller project funded without that bond. Community Impact reported in November 2025 that design was under way for a rebuilt voting center and a splash pad on the recreation center property. On Sept. 1, 2026, the council approved an additional $111,643 for design work on restrooms, shade structures, picnic tables and benches. Assistant City Manager Mark Wood said the overall project is expected to cost $7.5 million and could go out to bid in September.
The plan includes:
- Demolishing the existing voting center, which the mayor described as in poor condition, and rebuilding it on the same site with a multipurpose room for voting and community events.
- A splash pad with a playground and restrooms.
- Patio space, shade structures and seating.
A consultant's proposal estimated about eight months of design, two months of bidding and 14 months of demolition and construction, so residents should expect a multi-year project.
What else did the council approve this fall?
The same Sept. 1 meeting included two other items with neighborhood effects:
- Median beautification: contracts for green ribbon projects on SH 26, between just south of John McCain Road and Tennison Parkway, and on SH 121 from North Gateway Drive. City documents expect about $895,509 in federal and state funding.
- Senior living: an updated development agreement for a senior living facility first approved in June 2024. Presbyterian Homes and Services, a nonprofit based in Minnesota, will develop it instead of the original partner, with fewer units than first planned.
Earlier, in its FY 2026 capital plan, the city listed drainage design at the Bedford Road low water crossing, drainage improvements on Ponderosa Street, design for Cheek-Sparger Road, replacement of Heritage Bridge and completion of Heroes Park, according to Community Impact's July 2025 coverage.
How are school changes affecting Colleyville families?
Grapevine-Colleyville ISD voted 5-2 in December 2025 to close Bransford and Dove elementary schools at the end of the 2025-26 school year, FOX 4 reported. The district expected more than $2 million a year in savings. A district committee's November 2025 recommendation projected Colleyville Elementary would grow from 415 to 560 students and O.C. Taylor from 465 to 589 with the closures, and proposed selling the Dove campus and other district properties.
For families shopping in Colleyville, that means the zoned elementary for a given address may have changed in the past year. Confirm current assignments with the district.
What does this mean for Colleyville buyers and sellers?
Our agents at The Agency Dallas who work Colleyville offer a few practical points:
- Budget for the full tax bill. A higher city rate on a lower average value still adds up. Ask for the current tax statement on any home you are considering.
- Protest when it makes sense. If your appraised value is out of line with recent sales nearby, the annual protest process is the place to address it.
- Know the amenities timeline. The splash pad and new voting center are funded and in design, but completion is likely more than a year away.
- Sellers should price from current sales, not last year's appraisal, given the drop in average taxable value.
For a current estimate of what your home might sell for, our home valuation page is a good starting point, and our market reports track trends across North Texas.
Colleyville has long marketed itself on large lots and a quieter pace. The 2026-27 budget shows a city paying to maintain that character with fewer outside revenue sources than its neighbors, and residents will see both the cost and the projects it funds.
Frequently asked questions
What is Colleyville's property tax rate for 2026-27?
Colleyville adopted a rate of $0.352480 per $100 of valuation for FY 2026-27, up from $0.311931 the year before, according to Community Impact. The rate includes $0.31865 for maintenance and operations and $0.03383 for debt. It is the city's third straight annual increase, adopted alongside a $98.33 million budget.
How much will the average Colleyville homeowner pay?
With an average taxable value of $678,440, the estimated city tax bill is $2,391.37, up $190.72 or about 8.66% from the prior year. The mayor described it as about $20 more per month. That covers only the city portion; school, county and other taxing units appear separately on the bill.
Is Colleyville building a new recreation center?
Voters rejected a $20 million expansion bond in May 2025. Instead, the city is pursuing a $7.5 million project at the existing recreation center property that rebuilds the voting center and adds a splash pad, playground, restrooms and shaded seating. The project was expected to go out to bid in fall 2026.
Which GCISD elementary schools closed?
Grapevine-Colleyville ISD voted 5-2 in December 2025 to close Bransford and Dove elementary schools at the end of the 2025-26 school year. Students moved to other nearby campuses, and the district expected more than $2 million in annual savings. Families should confirm current zoning for any address with the district.
Why did Colleyville raise taxes if home values dropped?
When appraised values fall, a city must raise its rate to collect similar revenue. Colleyville also added about $766,000 in debt service for the recreation center project and fire apparatus. City leaders said the increase preserves current service levels and avoids staff reductions. The city relies more on property tax than some neighbors.
Sources
- Community Impact, Colleyville council approves $98.33M budget, higher tax rate (Sept. 17, 2026)
- Community Impact, Voting center design, green ribbon projects: 3 updates from Colleyville City Council (Sept. 10, 2026)
- Community Impact, Design plans underway for Colleyville recreation center voting center, splash pad (Nov. 20, 2025)
- Community Impact, Colleyville recreation center expansion fails (May 3, 2025)
- Community Impact, Colleyville rec center now open (Aug. 30, 2024)
- Community Impact, Colleyville officials discuss FY 2026 capital improvement plan (July 21, 2025)
- FOX 4, GCISD board votes to close two elementary schools (Dec. 11, 2025)
- Community Impact, GCISD committee recommends closure of Dove and Bransford elementary schools (Nov. 18, 2025)
