Murphy city officials are continuing work on the proposed Fiscal Year 2026-27 budget using preliminary property value estimates while awaiting certified taxable values from Collin Central Appraisal District, expected July 25.
Because those values have not been finalized, spending plans, revenue projections and the eventual property tax rate remain subject to change.
The preliminary budget is being developed using the maximum allowable voter-approval tax rate of 36.39 cents per $100 of taxable value, compared with the current rate of 35.75 cents.
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