Lamar Consolidated ISD lowers property tax rate for FY 2026-27

Lamar Consolidated ISD residents will see a decrease in the district's tax rate.

The big picture

At a Sept. 15 meeting, the Lamar CISD board of trustees approved a tax rate of $1.139 per $100 valuation for fiscal year 2026-27. The new rate is a 0.69% decrease from $1.1469 in FY 2025-26.

The property bill of a home with an average home value of $424,065 can expect to see an annual decrease of $22.44 or $1.87 per month, Lamar CISD Chief Financial Officer Greg Buchanan said.

The details

The new tax rate includes $0.639 per $100 valuation for maintenance and operations, which funds the district's daily operations, and $0.5 per $100 valuation for interest and sinking, which funds the district's outstanding debt, Buchanan said.

The M&O rate decreased by $0.0279, while the I&S rate was increased by $0.02, resulting in a $0.0079 total decrease.

Buchanan said the new I&S rate will increase revenue by $6.2 million and allow the district to pay off debt sooner.

What they're saying

Although the board has lowered the district's tax rate, Superintendent Roosevelt Nivens said that does not mean all residents will see an overall property tax decrease.

"Fort Bend County is a very popular place at this moment," he said. "A lot of people are moving to Fort Bend County so when your property values go up then your tax bill goes up—not necessarily your tax rate."