Highland Village approves new budget with tax increase, $7.4 million in roadwork - Cross Timbers Gazette

Highland Village approves new budget with tax increase, $7.4 million in roadwork - Cross Timbers Gazette

Highland Village’s recently-approved budget for Fiscal Year 2025-2026 will increase the city’s tax rate from $0.500273 to $0.500984 per $100 of home valuation. The city’s tax makes up 33% of a homeowner’s property tax bill. 55% goes to the local school district and 12% goes to the county. According to the city, Highland Village’s recently-approved increase will raise the tax on an average residential home, valued at $590,092, by $4.19. The incre…