Bee Cave City Council approved the fiscal year 2026-2027 budget and property tax rate at a Sept. 22 council meeting.
The overview: Bee Cave City approved maintaining the prior year’s property tax rate at $0.0200 per $100 of valuation.
The average taxable homestead value decreased slightly in fiscal year 2026-2027 from $768,375 to $768,061, making the annual tax amount for the average home about $153.61, roughly 7 cents less than the previous year.
By the numbers: Bee Cave also approved a nearly $26 million budget with an anticipated $1.49 million surplus.
The FY 2026-27 budget shows revenues for the city at roughly $14.3 million and expenses at $12.8 million.
“I’m not immune to understanding the difficulty and what otherwise would most likely cause a lot of strife for a lot of other municipalities across the state and we’re able to look at this and just nitpick the little things… it’s just wonderful,” City Council member Blake Sbrocco said.
Revenue from sales tax makes up almost 78% of the city’s revenue and exceeds the previous year’s budgeted amount by $600,000.