Alvin ISD trustees on Sept. 12 approved a total school property tax rate of $1.19 per $100 of assessed value.
The new rate is 18 percent reduction over the year prior rate but considered a tax increase by the state. State language describes the rate as just over a 10 percent increase.
“This required language often causes confusion, as the statement does not account for the offsetting reduction in state funding as outlined in House Bill 1525 and Senate Bill 2,”
said Alvin ISD Superintendent Carol Nelson.
Trustees on June 13 approved a budget with anticipated revenues roughly $20 million above last year, including cost-of-living adjustments.
Recent legislation cutting Texas property tax bills will go before voters this November as a constitutional amendment allowing the state to spend billions collected during the past two years to pay for the tax cuts. If approved, the cuts would be applied to 2023 tax bills that are due in January.
