Homeowners in Alvin ISD will notice a decrease in their school tax rate when they receive their tax statements in November.
In August, the Alvin ISD Board of Trustees unanimously approved a tax rate of $1.3977 per $100 valuation for fiscal year 2019-2020. The overall tax rate is $0.0523 lower than last year’s tax rate of $1.45 per $100 valuation.
“The Alvin ISD Board of Trustees remains extremely committed to the needs of our students and teachers while remaining being sensitive to the needs of our tax paying community. The Board of Trustees was extremely pleased to honor this commitment by approving a budget that meets the needs of our students while enabling a reduction in the overall Alvin ISD tax rate,” shared Alvin ISD Chief Financial Officer, Daniel Combs.
During the 86th legislative session, the legislature passed House Bill 3, which restructured major components of the school finance system in Texas. Combs added. “We are confident that the 2019-2020 budget and tax rate approved by the Board of Trustees are in alignment with House Bill 3 and honors the district’s commitment to allocated budgeted dollars in direct alignment with the beliefs of Alvin ISD.”
“We value the trust placed in our district by our taxpaying community,” said Combs. “Alvin ISD will continue to honor this trust by striving to be wise with each dollar entrusted to our district.”