Breckenridge Texan

Breckenridge school board to hold tax rate, budget hearing tonight

Breckenridge school board to hold tax rate, budget hearing tonight
August 25
12:41 2021

By Tony Pilkington and Carla McKeown/Breckenridge Texan

The Breckenridge Independent School District Board of Trustees will hold a Public Hearing and a special board meeting tonight, Wednesday, Aug. 25, to take comments from the public and then vote on adopting the district’s 2021-2022 budget and proposed 2021 district tax rate.

The hearing to discuss the budget and tax rate is scheduled to begin at 6 p.m. in the BISD Administration building, 212 N. Miller St. The special meeting for the Board of Trustees to adopt the proposed budget and set the proposed tax rate is scheduled for 5:30 p.m.

Although trustees approved a proposed property rate decrease, homeowners could still receive a larger tax bill because of increased property values in the county.

The proposed Maintenance Tax rate, which was approved by trustees to be voted on for adoption at tonight’s meeting, is $0.9897 per $100 value. That’s down from the current rate of $1.0547 per $100 value. The proposed tax rate for the School Debt Service Tax is zero because local voters approved rolling the I&S tax debt payments into the M&O tax rate in 2017, thereby dropping the I&S tax to zero.

Although the proposed tax rate is lower than last year’s rate, it is slightly higher than the “No New Revenue Rate,” which is the rate that would provide the taxing unit with about the same amount of revenue it received in the previous year on properties taxed in both years. This rate calculation does not include the impact of additional tax revenue resulting from new construction, according to the Truth in Taxation website.​

The Stephens County Appraisal District’s recent appraisals raised the taxable values of some homes in Breckenridge and Stephens County. The amount of tax an individual homeowner will owe will depend on the value of their home, as well as on the tax rate. To see the current value of your property, go to the Appraisal District’s new website, https://stephenscad.com/, and click on the “Property Search” button at the top of the screen.

“Because (property) values went up so much this year, we’re actually raising a little bit more in taxes with that new tax rate, even though it’s gone down six and a half cents or so. And that’s because of the values that have gone up in Stephens County,” BISD Superintendent Bryan Allen said.

Click here to see the agenda for the 6 p.m. hearing, which includes the proposed budget and the proposed tax rates on the district’s website. Click here to see the agenda for the 6:30 p.m. meeting.

BISD policy requires anyone that wants to address the Board during either of the public hearing or the special meeting to fill out an audience participation from before the meeting starts and submitted it to the board president in advance. The sign up forms are available in at the meeting room in the district offices and can also be downloaded from the district’s website and filled out in advance to bring to the meeting. To download the form, click here.

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