Hutto ISD adopts its lowest tax rate in 10 years

0

Hutto ISD’s board of trustees unanimously adopted a tax rate of $1.49835 per $100 of taxable value at its Aug. 22 meeting, marking the district’s fourth consecutive decrease in the previous four academic years.

The established total tax rate of $1.49835 per $100 of taxable value marks a $0.10165 decrease from the 2018-19 year’s rate, which was $1.60. The approved rate marks a 6.35% reduction from the previous year’s rate, according to a July 25 news release.

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

The nearly $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.

In addition to being the district’s fourth consecutive tax rate decrease, the approved rate marks the district’s lowest since the 2009-10 academic year, listed at $1.485 per $100 of taxable value. With the approval of the district’s tax rate, the school district’s 2019-20 budget will go into effect Sept. 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