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South Padre Island – 2026 Property Tax Rates, Debt Service and Recent City Actions

A plain‑language summary of the city’s latest tax calculations, debt obligations, project plans and public notices.

What happened

• The city completed Texas Comptroller Form 50‑856, showing an adopted 2026 property‑tax rate of $0.262159 per $100 of assessed value and a no‑new‑revenue rate of $0.255253 per $100.12
• For fiscal year 2026 the city projects a total debt‑service payment of $3,073,194, which includes $2,530,000 in principal and $543,194 in interest on long‑term bonds.2
• A Request for Proposals released on May 9 2024 seeks firms to redesign the South Padre Island Convention and Visitors Bureau website; proposals are due May 23 2024 and the contract could be awarded as early as June 19 2024.3

Who it affects

• Property owners will pay the no‑new‑revenue rate of $0.255253 per $100 of assessed value (about $2.55 per $1,000) and, if approved by voters, the higher rate of $0.275938 per $100 (about $2.76 per $1,000).2
• The city is distributing sandbags to residents and businesses, offering up to five bags per address at the Public Works Workshop until 4 p.m. on Saturday.6

What's not yet public

• The draft 2024‑2028 Capital Improvement Plan has been posted for comment, but the final list of projects, their funding sources and adoption date have not yet been determined.4
• Federal agents are investigating a cyberattack on the South Padre Island Economic Development Corporation; the city has not released details on recovered funds or next steps.5

What residents can do

• Residents can submit written project requests for the Capital Improvement Plan by May 2 2024 and may attend the public hearing scheduled for August 7 2024 to voice comments.4