NISD trustees lower tax rate amid rising area property values

The Northside ISD Board of Trustees unanimously voted Aug. 27 to lower the district’s overall tax rate by seven cents after receiving the certified taxable property values. This is the ninth year in a row that the Board has adopted a “no increase” tax rate.

The new tax rate is $1.3055 per $100 valuation, which includes $0.97 for the maintenance and operations fund and $0.3355 for debt service payments.

The reduction in the 2019-2020 tax rate was one of the required mandates of House Bill 3 passed by the 86th Texas Legislature in 2019 and signed by Gov. Greg Abbott. The bill offers more money for Texas classrooms, raises teacher compensation, and decreases recapture for Texas taxpayers.