Tax impact of 2026 Midlothian Bond Election:
No tax rate increase.
“Midlothian’s continued growth has expanded our tax base and strengthened the City’s ability to fund long-term capital projects. Based on current financial projections, the proposed bonds can be issued without increasing the City’s property tax rate. It’s an important part of how Midlothian is planning for continued growth while keeping the impact on taxpayers in mind.”
Clark Wickliffe Mayor Pro Tem
Approval will not result in a tax rate increase.
Midlothian is growing, and the City is planning for that growth while remaining focused on responsible financial management. The proposed 2026 bond program has been structured so that approval of the propositions will not require an increase in the City’s property tax rate. Based on current financial projections, the City can fund the proposed projects within its existing tax rate.
As Midlothian continues to welcome new families, businesses and investment, that growth expands the City’s tax base and helps share the cost of providing services and infrastructure across a larger community. The City’s financial plan anticipates a lower property tax rate while providing the capacity to fund the proposed bond projects.
Continue track record of recent property tax rate cuts.
Midlothian has a history of lowering its property tax rate while investing in the services, infrastructure and facilities needed by a growing community. The proposed bond program continues that approach, using the strength of Midlothian’s current and projected growth to address identified capital needs without a property tax rate increase.