You’ve been granted free access to this subscribers only article.
Falls City ISD tax bills to skyrocket
Wilson County NewsAugust 27, 2014 | 2,961 views | 1 comment
The tax rate for the Falls City Independent School District (ISD) could jump more than 32 cents -- to hike the total on an average tax bill to $808.52, an increase of $362 over last year’s bill -- under a proposal being considered by the district’s board of trustees. The ad valorem tax rate for the 2014-15 school year was proposed at the board’s Aug. 13 meeting.
A public hearing on the proposed ad valorem tax rate of $1.4356 per $100 of taxable value is set for Wednesday, Aug. 27, at 7 p.m.
The rate includes $1.04 for maintenance and operations, with the remaining 39.56 cents being levied for debt service. Taxpayers in the Falls City ISD last year approved the sale of $39.5 million in bonds to finance construction of a new kindergarten through 12th-grade school building.
According to a public notice published in the Aug. 13 edition of the Karnes Countywide, the average value of a residence in the Falls City ISD -- which straddles the Karnes-Wilson county line -- is $56,319. Under the proposed tax rate, the average 2014 tax bill would total $808.52. This is $362.19 more than last year’s average tax bill of $446.33, when the total tax rate was $1.1114 per $100 of taxable value and the average taxable value of a home was $40,159.
Also up for discussion during the upcoming hearing is the proposed budget that the rate will support, which totals $15,014,091. Included in the proposed budget is an estimated $6,302,784 that will be recaptured under the provisions of Chapter 41 of the state’s Education Code. All four districts based in Karnes County have to surrender portions of their tax revenue -- a bulk of which comes from soaring mineral values in the Eagle Ford shale oil and natural gas play -- to the state. The funds are redistributed to poorer districts.
A summary of the district’s proposed budget can be viewed at: http://bit.ly/1p0WTAu.
Your Opinions and Comments
The Marcelina Muse
Dry Tank, TX
August 27, 2014 9:46am
Share your comment or opinion on this story!
You must be logged in to post a comment.
Section A: General News Archives
Corner Store grand opening is set for July 2 (July 1, 2015)
Court Update (July 1, 2015)
Crouch Memorial Bull Riding (July 1, 2015)
Dan Patrick weighs in on same-sex marriage decision (July 1, 2015)
Disabled veteran license plates available for widows (July 1, 2015)
Does the EPA control your stock tank? (July 1, 2015)
East Central ISD decisions will save taxpayers millions (July 1, 2015)
Editorial: Changing the past to fundamentally transform America (July 1, 2015)
Editorial: Donald Trump tries to put his brand on GOP (July 1, 2015)
Editorial: Hillary and history: Best-known is not the same as best-qualified (July 1, 2015)
Event highlights seniors, vets, services July 17 (July 1, 2015)
FELPS aims to improve reliability systemwide (July 1, 2015)
Floresville ISD adopts $39M budget (July 1, 2015)
Floresville keeps city manager, 'extravaganza' (July 1, 2015)
Free July training for business owners (July 1, 2015)
Guadalupe deputies hunt fugitive after bar fight near Seguin (July 1, 2015)
H-E-B recalls burger buns (July 1, 2015)
La Vernia approves $26M-plus budget (July 1, 2015)
Letter: Frightened aging bones (July 1, 2015)
Meeting Watch: Falls City City Council (July 1, 2015)
Miles Svoboda earns saddle in chute dogging event (July 1, 2015)
New battalion commander recalls Floresville roots (July 1, 2015)
Nixon residents respond to shooting with prayer (July 1, 2015)
Parkside Homes wins planning and zoning approval (July 1, 2015)
Scam email: Pay up or die (July 1, 2015)
Skloss retires after four decades with Karnes Electric (July 1, 2015)
Tanker, tow truck crash on U.S. 181 (July 1, 2015)
Tour vintage aircraft at Stinson Municipal Airport (July 1, 2015)
Traps to avoid after graduation (July 1, 2015)