HISD Board of Education Approves $1.1567 Tax Rate

October 13, 2011

The HISD Board of Education tonight approved a tax rate of $1.1567 per $100 valuation.

The proposed tax rate of $1.1567 per $100 of taxable value is the lowest of any of the 21 school districts in Harris County. HISD homeowners also receive a 20 percent optional homestead exemption. This exemption is in addition to the standard $15,000 exemption given to all Texas homeowners. As a result, the owner of a home with an appraised value of $200,000 in a school district with HISD’s tax rate but no optional homestead exemption would pay $2,140 in property taxes. HISD’s decision to grant the optional homestead exemption reduces the bill on a home with the same value down to $1,677, a savings of $463.

In 2010, the average Harris County school property tax rate was $1.3996 per $100 of taxable value, and the highest was $1.5266.

In the past two years, HISD has eliminated more than 700 non-campus job positions. Budget cuts have also resulted in HISD employing 300 fewer teachers this school year, or an average of one fewer teacher per campus.

“The HISD community demands schools that are run efficiently and effectively, especially at a time when so many families are struggling to make ends meet,” HISD Board President Paula Harris said. “By holding the line on taxes and helping our students reach new academic heights, we are providing a strong return on our taxpayers’ investment.”

The two-year budget adopted by the Texas Legislature earlier this year is expected to reduce HISD’s funding by $122 million next school year.

InstantNewsWestu Staff

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