The rate means homeowners will see no change in the school tax rate from last year, the release states.
The overview
NBISD Director of Financial Services Jose Betancourt said the district was able to keep its tax rates the same because of the increases in property value and homestead exemptions. The approved rate was set after certified property values from Comal and Guadalupe counties allowed the district to keep the overall rate steady, according to the release.
Last year, the average taxable value of a home in the district was $305,426, which is a $273 decrease in school district taxes on the average home in the district. This year, the average taxable value of a home in NBISD is $279,122, the release states.
Notable quote
NBISD Chief Financial Officer Paul McLarty said trustees and district leadership have been working together to keep the tax rate the same to give relief to the district’s taxpayers.
“This tax rate directly benefits taxpayers while ensuring that the educational quality and programs that NBISD offers will remain uncompromised,” McLarty said in the release. “By holding the rate steady, NBISD continues its commitment to supporting both taxpayers and students across the district.”
