The details
During the board’s Sept. 12 meeting, trustees adopted a tax rate of $0.8683 per $100 valuation for FY 2024-25, which was the same as the tax rate adopted last year.
According to district documents, the tax rate would include $0.7016 for maintenance and operations and $0.1667 for debt service. The rate is based on a total appraised value of nearly $318 billion and a total taxable value of roughly $233 billion, according to estimates provided by the Harris Central Appraisal District.
Why it matters
The average market value of homes within the district increased from $407,992 in 2023 to $410,743 in 2024, while the taxable value of residences within the district rose from $261,962 in 2023 to $266,927 in 2024, district data shows.
According to district documents, the taxes due on an average residence in HISD will rise by 1.3% year over year.
For more information about paying property taxes in Harris County and homestead exemptions, click here.
Explained
Ric Campo, HISD board vice president, said that while HISD is keeping the same tax rate, the reason for the rise in taxes for residents in HISD is due to the property value assessment.
“So, if we hold our tax rate constant—which we're doing—and the value went up 1.3%, then Houstonians' taxes are going to go up 1.3% on school taxes,” Campo said. “And it's not the school district raising taxes. It's the value of the real estate that's taxed.”
