The meeting agenda states the district will consider designating the Brazoria County Appraisal District, or BCAD, as its representative in filing the protest against the Comptroller’s Tax Year 2022 Property Value Study.
According to the agenda, BCAD found the local PISD property values within the study to be “outside the acceptable range of the state values assigned.” Invalid results could cause the state to reduce the amount of funding it provides to the school district, the state being the largest source of funding for the district next to local property taxes.
Since the district fell into a “grace period” that allows the Texas Education Agency to estimate the state’s share of funding, PISD was protected from a significant reduction in state funding: approximately $11.2 million less for the 2022-23 fiscal year.
The agenda states a successful protest of the property value study would restart the clock for the grace period that previously protected the district from losing millions in state funding.
Pearland ISD board of trustees meetings can be viewed live on its official YouTube page.
