Fiscal Year 2026-2027 Property Tax Rate and Debt Service
Princeton
Summary
The city approved a debt tax rate of 20.5 cents to fund the second tranche of the 2023 parks bond without draining reserves, while pulling other tax and budget items for further evaluation.
At a glance
- Total mentions
- 5
- Last 30 days
- 0
Last discussed Aug 17, 2026.
Impact analysis
Sets the debt tax rate at 20.5 cents per $100 valuation, protecting reserve funds from a $1.7 million draw.
Residents relying on parks and recreation bond projects and long-term fiscal stability.
Property owners facing higher debt service tax burdens.
Mentions & discussions (4)
Higher Taxes on the Horizon: City of Princeton
Higher Taxes on the Horizon: City of Princeton Texas Public Policy Foundation
Special City Council - Aug 17, 2026
The city approved a debt tax rate of 20.5 cents to fund the second tranche of the 2023 parks bond without draining reserves, while pulling other tax and budget items for further evaluation.
City Council Work Session - Aug 17, 2026
The city is considering raising its debt service tax rate by about 3 pennies to 20.5 cents per $100 of valuation. This increase is needed to pay current debt obligations and fund the 2023 voter-approved parks bonds without severely draining city reserves.
City tax rate set at 44 cents for $100 valuation
City tax rate set at 44 cents for $100 valuation Princeton Herald
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