School tax levy will stay constant for eighth year
By Richard Zowie —
No new taxes.
The Fredericksburg Independent School District trustees voted at their June 16 special meeting to keep the district tax rate where it’s been for the past eight years.
The maintenance tax (for maintenance and operations) will remain at $1.04 per $100 valuation, while the school debt-service tax (to pay bonded indebtedness) will remain at 10.62 cents per $100, for a total of $1.1462 per $100.
“I am pleased that once again we were able to produce a budget that does not require an increase in the tax rate, and at the same time provides the necessary resources to accomplish district goals,” FISD Superintendent Dr. Eric Wright said.
The trustees also approved amendments to the 2013-2014 FISD budget while also approving the 2014-2015 budget.
The school district’s current fiscal year ends June 30, while the new fiscal year begins on July 1.
Deborah Ottmers, FISD’s assistant superintendent for business and finance, presented the trustees with the figures for both the current fiscal year and the upcoming one.
While the special meeting was open to the public, no local residents attended or gave comments.
The tax rates will remain the same, but extra tax revenue from an approximate seven-percent increase in property values means there will be more funds collected.
For 2014-2015, the average taxable value of residences will increase $3,521 from $199,672 to $203,193.
Taxes due on average residences will increase to $2,329 from $2,289 — an average increase in $40 per residence in taxes paid.
The Effective Tax Rate (ETR), according to both Gillespie County and the City of Fredericksburg, is the rate calculated by the Gillespie County Tax Assessor Collector as the rate required to raise the same amount of taxes on the same properties this year as were raised last year. It does not include new construction.
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