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Average Falls City ISD tax bill will decrease by $5
FALLS CITY -- Property owners in the Falls City Independent School District (ISD) will see their tax bills decrease by an average of $4.78 during the 2013-14 school year, because the school district’s board of trustees Aug. 28 adopted a reduced property tax rate. The vote occurred during a special board meeting that followed public hearings on both the budget and tax rate. This is according to Superintendent’s Secretary Teri Crawford following the meeting.
The ad valorem tax rate for the new school year is $1.1114 per $100 of taxable property value. It includes $1.04 for maintenance and operations, with the remaining 7.14 cents being levied for debt service. The previous year’s tax rate totaled $1.1133 per $100 of taxable property value.
The Falls City ISD straddles the Karnes-Wilson county line. According to the Karnes County Appraisal District, the average taxable value of a residential property in that county’s portion of the school district was certified at $40,159. Therefore, the average tax bill will total $446.33. This is $6.33 less than the previous year’s average bill of $452.66, when the average taxable value was $40,659.
On the Wilson County side of the line, that appraisal district certified the average taxable value of a residence at $127,778. Therefore, the average 2013-14 tax bill will be $1,420.12. This is $3.23 less than the 2012-13 average tax bill of $1,423.35, when homes had an average taxable value of $127,850.
Revenue derived from taxes collected will support a balanced budget of $7,788,572, as adopted by the board.
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