There are 1,008 school districts that have data published on the comptroller's website. BISD shares the distinction with 325 other school districts in the state of having the highest maintenance and operating tax rate in the state ($1.17 per $100 of assessed value). The debt service rate ranks at 341 ($0.27 per $100 of assessed value), and overall tax rate ranks at 187 ($1.44 per $100 of assessed value).
From what I have seen, the plan right now is already projected to cost more than the bonding capacity of the district, so let's assume that in order to float this $150 million plan, BISD goes to the maximum allowable debt service rate under the law 50 cents per $100 of assessed value. Should that occur BISD will have the honor of holding the highest property tax rate in the state of Texas at $1.67 per assessed value.
In real dollar terms, if you live in a $200,000 home, you will pay an additional $460 in school district taxes each year to pay for the new school(s).
From what I have seen, the plan right now is already projected to cost more than the bonding capacity of the district, so let's assume that in order to float this $150 million plan, BISD goes to the maximum allowable debt service rate under the law 50 cents per $100 of assessed value. Should that occur BISD will have the honor of holding the highest property tax rate in the state of Texas at $1.67 per assessed value.
In real dollar terms, if you live in a $200,000 home, you will pay an additional $460 in school district taxes each year to pay for the new school(s).