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The average homeowner zoned to Hays CISD will not see an increase in their property tax bill.
What happened: The Hays CISD board of trustees adopted an amended tax rate Nov. 17, following voter rejection of the proposed tax rate at the polls earlier this month.
The proposed rate was $1.2746 per $100 valuation.
What’s new: The revised rate will remain the same as 2024-25, at $1.1546 per $100 valuation, which is the maximum rate the district can set without requiring voter approval, according to Chief Financial Officer Deborah Ottmers.
This rate includes $0.6669 for maintenance and operations, and $0.4877 for interest and sinking.
What it means: While the tax rate will remain the same, it will raise more revenue for maintenance and operations, due to increased home values.
However, owners of an average homestead valued at $100,000 will not see a change to their tax bill, partially due to the increased homestead tax exemption recently approved by Texas voters.
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