Liberty Hill City Council members approved a $138 million budget for fiscal year 2026-27 that will keep the median property tax bill close to the same amount as the previous year.
City leaders said they developed the budget with the goal of keeping up with explosive growth. For the area’s median home, valued at $339,763, a homeowner can expect to pay around $1,600 in property taxes.
What you need to know: The property tax rate will increase from $0.469407 per $100 valuation to $0.494268 per $100 valuation following City Council members’ vote Sept. 9.
However, a $20,000 decrease in the median taxable property value in Liberty Hill means the projected median property tax bill will decrease by about $6 despite the higher tax rate.
The increase is necessary for city services and infrastructure to keep up with the city’s rapid growth, Finance Director Josh Armstrong said.
Quote of note: “Cutting the rate any lower than what we [have proposed] would be like shooting yourself in the foot before a marathon,” Armstrong said at an Aug. 12 City Council meeting.