Austin ISD board votes to maintain current property tax rate


The property tax rate of $1.192 per $100 valuation levied by Austin ISD will remain unchanged for fiscal year 2017-18 following a unanimous vote by trustees Aug. 28.

A school district’s property tax rate is made up of both a maintenance and operations, or M&O, tax rate and an interest and sinking fund, or I&S, if applicable.

Austin ISD’s M&O tax rate will remain at $1.079 per $100 valuation, and the I&S fund will be paid for through a tax rate of $0.113 per $100 of assessed valuation.

The district is doing a great job with the limited funding it receives from the state, trustee Julie Cowan said.

“It’s a real shame when we have so many needs … that we are having to give away so much money to the state since they can’t seem to put together a solvent school finance system,” she said of state recapture, or the system in place that redistributes property tax revenue from districts that are considered “property-wealthy” to those that are considered “property-poor.”

According to the AISD Chief Financial Officer Nicole Conley Johnson, the district’s contribution to the state’s recapture system is reflected in 50 percent of the M&O tax rate.

The district also voted unanimously to continue an partial property tax exemption for properties defined as historical landmarks by the city of Austin.

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Olivia Lueckemeyer
Olivia Lueckemeyer graduated in 2013 from Loyola University New Orleans with a degree in journalism. She joined Community Impact Newspaper in October 2016 as reporter for the Southwest Austin edition before her promotion to editor in March 2017. In July 2018 she returned home to the Dallas area and became editor of the Richardson edition.
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