Alvin ISD’s board of trustees adopted the 2024-25 tax rate of $1.1723 per $100 valuation of a home at its Sept. 10 meeting.
The new rate is a $0.02 decrease from last year’s tax rate of $1.1923 per $100 valuation of a home, according to district documents. How this could affect the average tax bill will depend on the value of one's home this year compared to last year.
The overview
The average homeowner will pay $2,997.18 in taxes on an average home with a taxable value of $256,027, 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 on the average tax bill compared to last year, documents show.
However, much of the increase in average taxable value, as well as the increase in the average tax bill, can be attributed to newer homes being built within the district, which in many cases have a higher value than homes already built. Therefore, the averages provided by the district don't give the full picture on what the average resident might pay in taxes compared to last year, particularly if their home is not a new build.
A presentation by Zonda Demographics at the end of 2023 showed the average value for a new home in AISD was $418,188 in 2023, which compares to the average value of $369,714 for existing homes in that same year.
Alvin ISD is considered a fast-growing district and had the 12th largest increase in enrollment across Texas from 2017 to 2022, according to the Texas Education Agency. As of September, the district surpassed an enrollment total of 30,000 students, officials said.
The details
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 decreased by $0.02 compared to last year’s I&S tax rate of $0.4348, according to AISD documents.
