What to watch: The Midland City Council will hold a special meeting Aug. 13 at 9 a.m.

Why it matters: Council will set the “tax ceiling” for the coming year, the highest property tax rate it can adopt in September. The council may choose a lower rate next month, but cannot exceed the ceiling set on Wednesday.

Go deeper: The Midland County Appraisal District reports that property values rose an average of 4.68%. A home valued at $350,000 last year now averages $366,380. At the proposed rate, this home would pay about $55 more in city taxes. The proposed rate would generate about $1.14 million more than last year.

Key points:

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  • Fiscal year 2024-25 rate: 34.8662 cents per $100 of taxable value.

  • Proposed 2025-26 rate: 34.7999 cents.