The HISD Board of Education on Thursday adopted a 3-cent property tax rate increase. This represents the first such rate increase since 2001. The new property tax rate of $1.1867 per $100 taxable value is nearly 24 cents less than the average Harris County school district – maintaining HISD’s position as having the lowest rate of any district in the region.
The HISD Board of Education will consider adopting a four cent property tax rate increase on Oct. 10. This would represent the first such rate increase since 2001. The proposed property tax rate of $1.1967 per $100 taxable value is nearly 23 cents less than the average Harris County school district – maintaining HISD’s position as having the lowest rate of any district in the region.
In addition to having the lowest tax rate in the county, HISD is among just eight county school districts that grant homeowners an additional 20 percent homestead exemption. As a result, the owner of a $200,000 home in HISD pays hundreds less in taxes than the owner of a home with the same value elsewhere in Harris County.
Have you ever wondered how money is spent in a large school district? Do you know where the money comes from and how your child’s school is funded?
If you’d like to know just how the Houston Independent School District pays for the many educational services we provide to Houston’s children, take a look at our latest web page – HISD Budget Basics. You’ll find information on:
- Where the district’s operating budget comes from
- How the money is budgeted and spent
- Who decides how the money is spent
- Who keeps an eye on the budget
- Who decides how money is spent at your child’s school
- How to calculate your HISD taxes