The proposed tax rate is $1.17 per $100 valuation of a home, which is a $0.02 decrease from last year’s tax rate of $1.1923 per $100 valuation of a home. Despite a potential decrease, residents in AISD could still see nearly a $200 increase in their total property tax bills this year due to the increasing values of homes in the area, AISD documents show.
What you need to know
If the tax rate is adopted at $1.17 per $100 valuation of a home, the average homeowner will pay $2,997.18 in taxes on an average home with a taxable value of $255,667, compared to last year’s bill of $2,797.37, which came with a home with a taxable value of $234,620, according to district documents.
This is an increase of $21,407 in taxable home value, resulting in an additional $199.81 in taxes, documents show.
What else?
Tax rates for local school districts are the sum of maintenance and operations, or M&O, and the interest and sinking, or I&S, tax rates.
The proposed M&O tax rate for AISD is $0.7575, which is the same M&O tax rate from last year, documents show.
The proposed I&S tax rate for AISD is $0.4148, which sunk by $0.02 compared to last year’s I&S tax rate of $0.4348, according to AISD documents.
The board of trustees will meet at 7 p.m. at the Tommy King Administration Building at 301 E. House St., Alvin.
