Area schools adopt tax rates

Local school board trustees met last week, adopting proposed tax rates for the new fiscal year for Jacksboro ISD, Bryson ISD and Perrin-Whitt CISD.

JISD set a total tax rate of $1.126900 per $100 valuation, keeping the current rate. The district adopted a 4.5% increase to its maintenance and operations budget; debt services decreased by 4% and total expenditures decreased by 1.5%.

Average market value of homes in JISD at $136,990 could yield $364.45 less in taxes per home annually versus last year’s average at $132,341. 

A new homestead exemption law could significantly reduce the amount of taxable value of property in Texas, in some cases decreasing property tax revenue generated in the school district to zero. Voters will make the final decision at the polls in November.

BISD adopted a total tax rate of $1.058900 per $100 valuation, with a maintenance tax rate of $0.618900 and a debt service tax rate of $0.440000. The district’s M&O budget increased 8% while debt service did not change, for a total budget expenditure increase of 8%.

The average home in BISD was valued at $184,508 this year, with $84,508 in taxable value. Taxes due on the average residence were figured at $894.86 annually, for an increase of $83.57 in taxes per home for the district.

PWCISD adopted a total tax rate of $0.819200 per $100 valuation, with a rate of $0.669200 for maintenance and operations and a rate of $0.150000 for debt services. 

Average homes in the district were valued at $203,252, down $7,272 from last year. The average taxable value of a home in PWCISD also decreased by $47,272 for a calculated $518.16 in taxes due, an average loss of $365.15 per residence in the school district annually.