See how Hutto ISD’s proposed tax rate compares to previous years’ rates

0

Taxpayers living in Hutto ISD’s boundaries could see their lowest school tax rate in five years if the district’s proposed rate is adopted for the 2019-20 school year.

The Hutto ISD Board of Trustees set a proposed maximum tax rate at nearly $1.50 per $100 of taxable value for the 2019-20 academic year at its July 25 meeting. The board will revisit the tax rate at its August 22 meeting—which will include a public hearing at 5:30 p.m.—before the tax rate is formally adopted.

“Ultimately, you really don’t have to make an adoptive tax decision tonight, but you do have to make a decision on what we want to publish in the paper,” said Hutto ISD Chief Financial Officer Glenn Graham.

While the board voted on a proposed rate of nearly $1.50 per $100 valuation, the final, adopted rate can be at or lower than $1.50.

The proposed tax rate, if approved, would mark a nearly $0.10 decrease per $100 valuation from the 2018-19 academic year’s rate. The decision would follow in the wake of a continuous drop in rates since the 2014-15 school year, which saw its annual rate at $1.67 per $100 valuation.

Thanks to legislation passed by the Texas State Legislature, school districts state-wide will receive $11.6 billion from House Bill 3, $5 billion of which is intended to go toward property tax relief.

The $1.50 tax rate per $100 valuation is broken into a baseline $1.06 maintenance and operations rate, along with a $0.43 interest and sinking tax rate.

“It’s a hard deal for me too to being fiscally responsible …but we told the public we could do this with 43 cents and I think we have to honor that,” said Board Member Phillip Boutwell.

Following the public hearing in August, Hutto ISD is expected to approve the final tax rate for its 2019-20 academic year budget, which begins September 1.

Share this story
COMMENT

Leave A Reply

Kelsey Thompson
Kelsey Thompson is the reporter for Round Rock, Pflugerville and Hutto, where her work focuses on education, city government and community development. Originally from upstate New York, she relocated to Austin after graduating from Syracuse University in May 2019.
Back to top