Chief Financial Officer Jorgannie Carter said the rate is the lowest in over 30 years due to a gradual increase in property values over the years.
Under the new rate, the owner of a $300,000 home would pay $3908.10 in property taxes to PISD, which is a reduction of $37.60 from the previous fiscal year’s tax rate.
Additionally, according to a presentation from Carter, the average taxable value for a PISD home increased by $14,735, which increases the average annual tax bill by $13 a month, or $156 a year, despite the lowered tax rate.
According to Carter’s presentation, 2022 saw $10.17 billion in certified property values compared to $9.37 billion in 2021. The state mandates that school districts must lower their tax rates as property values increase.
To view board meeting agendas and videos, visit the PISD website.
