For the upcoming fiscal year, a new tax rate has been proposed. This rate may lead to an increase in property taxes for Odessa residents as early as October. The fiscal year in question is 2026-2027.

A specific value per $100 of taxable property has been set as the maximum proposed rate. Further information on this proposal can be found through local news sources, including KMID ABC Big 2. Voting on the proposed rate is scheduled to take place in September, with two rounds of voting planned.