Humble ISD trustees at their Sept. 13 meeting unanimously approved a fiscal year 2022-23 tax rate of $1.2929 per $100 valuation, down from last fiscal year’s rate of $1.3389 per $100 valuation.
The total tax rate includes a maintenance and operations rate of $0.9429 per $100 valuation and a debt services rate of $0.35 per $100 valuation.
Because the district will bring in more revenue through taxes this year than it did in the previous year, the new tax rate effectively represents a 3.1% increase over last year’s rate.
The average taxable value for houses within the district rose by roughly $19,800 year over year, meaning the district will take in an average of $151 more in taxes per household. Due to varying property values, however, district officials said some homeowners might not see an increase in taxes owed.
