Grapevine-Colleyville ISD sets proposed tax rate for approval in September

The Grapevine-Colleyville ISD board of trustees will vote on its proposed total tax rate of $1.2501 per $100 valuation at its next meeting Sept. 27. (Kira Lovell/Community Impact Newspaper)
The Grapevine-Colleyville ISD board of trustees will vote on its proposed total tax rate of $1.2501 per $100 valuation at its next meeting Sept. 27. (Kira Lovell/Community Impact Newspaper)

The Grapevine-Colleyville ISD board of trustees will vote on its proposed total tax rate of $1.2501 per $100 valuation at its next meeting Sept. 27. (Kira Lovell/Community Impact Newspaper)

The Grapevine-Colleyville ISD board of trustees plans to vote on its proposed total tax rate of $1.2501 per $100 valuation for fiscal year 2021-22 at its Sept. 27 meeting.

The district's proposed total tax rate consists of its proposed maintenance and operations, or M&O, tax rate of $0.9134 and a proposed debt service tax rate of $0.3367.



On June 11, the district published an original proposed total tax rate of $1.3001, consisting of a $0.9634 M&O tax rate and the $0.3367 tax rate for debt service.

However, GCISD acquired its certified values from the appraisal districts July 25 and then submitted its local property value survey to the Texas Education Agency on July 29, according to a GCISD meeting document. Upon receiving this information, the TEA calculated the M&O tax rate to be $0.9134, instead of the original $0.9634.

Because the update rate is lower than the initially published rate, it will not have to be republished. The meeting will be held at 7 p.m. at the GCISD Administration Building, located at 3051 Ira E. Woods Ave., Grapevine.

By Bailey Lewis
Bailey Lewis covers the cities of Grapevine, Colleyville and Southlake, as well as Keller, Roanoke and northeast Fort Worth. In December 2020, she graduated from the University of Oklahoma with her Bachelor's degree in journalism. Previously, she worked and interned for various publications, such as Local Profile, the OU Daily, the Malheur Enterprise and News21. When she's not writing, she enjoys spending time with her cat and watching documentaries.


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