Hays CISD sets 2020-21 tax rate

Hays CISD approved a slightly lower tax rate for fiscal year 2020-21. (Courtesy Fotolia)
Hays CISD approved a slightly lower tax rate for fiscal year 2020-21. (Courtesy Fotolia)

Hays CISD approved a slightly lower tax rate for fiscal year 2020-21. (Courtesy Fotolia)

The Hays CISD board of trustees voted unanimously Aug. 17 to accept the proposed tax rate of $1.4037 per $100 of assessed property value for the 2020-21 school year.

The rate is a 0.9638% increase over the no-new-revenue tax rate, or the rate the district would need to produce the same amount of tax revenue as the previous year.

"What happens is you have a proposed rate and then you have what's called a no-new-money rate, or—what it used to be called was the effective tax rate," CISD Chief Financial Officer Randall Rau said. "Our effective rate as calculated was $1.39030. It was an increase of just a little more than a penny."

The tax rate per $100 of property is $0.064 less than the 2019-20 rate, which contributes to a $0.1340 decrease to the tax rate over the past two years.

HCISD's maintenance and operations rate will be $0.9060 for the coming year, down from $0.97 last year. The interest and sinking rate will be $0.4977, the same as last year's figure.


Certified property values for the school district within Hays, Caldwell and Travis appraisal districts were also approved during the meeting.

Values were up 11.36%, or $1,001,626,874, as compared to the 2019 tax year and increased from $8,817,762,539 to $9,819,389,413.

The increased valuations are what allows additional revenue to be created while decreasing the tax rate.
By Warren Brown
Warren joined Community Impact at the beginning of 2020 as the editor of its New Braunfels paper and now reports the news in San Marcos, Buda and Kyle. Warren previously wrote for the Dallas Observer and Fort Worth Weekly and he brings a passion for truth and equality to his reporting.


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