As of its last budget discussion Aug. 11, the district projected a $12.5 million shortfall with a tax rate of $0.9690 per $100 valuation of a home—the same tax rate as FY 2024-25.
What you need to know
As of Aug. 11, the district is projecting $429.3 million in expenses and $414.7 million in revenue, along with $2.1 million in other sources, landing the projected shortfall at $12.5 million, according to district budget documents.
Also of note
At the projected tax rate of $0.9690 per $100 valuation, a home with an average market value of $406,500 would owe about $2,140 in taxes, according to district documents.
This is about a $350 decrease from last year’s $2,490 tax bill. However, that figure doesn’t account for changes in home values, as last year’s taxes were based on an average market value of about $397,000, according to district documents.
The board will meet to consider the budget at 6 p.m. Aug. 25 at the district’s Education Support Center, located at 2425 E. Main St., League City.
The board will consider the tax rate at its Sept. 22 meeting.
