CCISD Lowers Tax Rate

Clear Creek ISD Board of Trustees Approve the Lowest Tax Rate in 27 Years
Posted on 10/01/2019
This is the image for the news article titled Clear Creek ISD Board of Trustees Approve the Lowest Tax Rate in 27 YearsThe Clear Creek Independent School District Board of Trustees unanimously approved the tax rate which is nine (9) cents lower than the previous year and the lowest tax rate in nearly three decades. “We are pleased to be able to pass this significant tax savings to our residents and business owners while simultaneously providing our staff record compensation packages,” said Greg Smith, Superintendent of Schools.

The tax rate reduction was made possible through the passage of House Bill 3 as well as Clear Creek ISD lowering its debt service tax rate. House Bill 3 provided new funding for public education while simultaneously lowering the Maintenance and Operations Tax Rate by seven (7) cents for Clear Creek ISD. The school board was able to further reduce two additional pennies, bringing the total tax reduction to 9 cents.

When voters approved the 2017 CCISD Bond program, the district had anticipated a tax rate increase of three and a half (3.5) cents. Due to healthy property values, and active management of bond program debt, the district has not increased the tax rate related to the $487 million bond and in fact, has reduced the tax rate by two (2) cents.

When residents and business owners receive their tax bills in November, the Maintenance and Operations Tax Rate will be $0.97 per $100 valuation and the Interest and Sinking Tax Rate will be $0.34 per valuation.
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