Garden Ridge's June 17 budget workshop used a proposed $1,840 city property-tax estimate for an average taxable homestead, unchanged from the city's FY2026 estimate and not a final tax bill.
For the agenda's $721,066 average-taxable-homestead proxy, the proposed city portion held flat year over year but ran $40 for the year—about $3.33 a month—above the no-new-revenue scenario.
The agenda's taxpayer-impact statement put FY2026 and proposed FY2027 at $1,840 and a FY2027 no-new-revenue scenario at $1,800. Those are estimates of Garden Ridge's share of the annual property-tax bill, not the household's combined bill from every taxing jurisdiction.
How the two baselines differ
The $40 comparison is against a no-new-revenue scenario, not against the prior year's city-tax estimate. Against the city's stated FY2026 baseline, the early FY2027 estimate showed no annual increase. Expressed monthly, the two matched estimates equal about $153.33, while the lower scenario equals $150.
The city used $721,066 as an estimated average taxable homestead value and described it as a proxy for the median while certified data were pending. It also said the estimates relied on taxable values then available and the tax rate adopted for FY2026.