Council officially approves FY26 ad valorem tax rates

On Thursday, Council gave a final vote of approval for new ad valorem tax rates. These rates will be assessed on property in 2026.

The rates adopted by Council – which were recommended by the Mayor’s Administration – will raise revenue by 4% compared to last year’s tax collections for the City’s General Fund and Urban Services Fund.

The General Fund tax rate will be .075 cents per $100 of taxable property value.

• A homeowner who owns a $260,000 house would pay $195 toward the General Fund under the Option 3 tax rate.

The Urban Services Fund has three rates: one for street lights (.027 cents per $100 of taxable property), street sweeping (.009 cents), and waste collection (.137 cents).

• A homeowner who owns a $260,000 house that has all three of these services would pay $449.80 toward the Urban Services Fund.
  • Homeowners only pay taxes toward the services they receive. The PVA website has a calculator that will tell you how much you’ll owe in property taxes based on the services you receive.
• These rates enough revenue to fully pay for street lights and street cleaning, but would not raise enough to fully fund waste collection.

You can learn more about how these taxes support the City’s Budget at our LFUCG Budget Explainer!