Reprint from the Progress Times - September 19, 2008
©Progress Times 2008 - All Rights Reserved

 

MCISD to hold tax rollback election

 

 

Mission Consolidated Independent School District is raising the tax rate from $1.18 to $1.37—if voters approve the measure in a tax rollback election scheduled for November 4. Early voting will be held October 20-31.

The district’s rollback tax rate is $1.24. This is the highest rate the district could adopt without triggering a rollback election where voters decide whether to accept the higher tax rate or to roll it back to the rollback rate.

According to the State Comptroller’s Web site, “In a simplified version, a school district’s rollback rate consists of the tax rate necessary to generate the same amount of maintenance and operating (M&O) funds as the previous school year based on the current year’s tax base to yield the same amount of revenue per student as the previous year, plus 6 cents, plus the debt rate needed to meet the upcoming year’s debt payments.”

If a majority of voters vote not to ratify the higher rate, then the school district’s rate becomes the rollback tax rate for that year.

In contrast, Sharyland ISD has voted to keep their tax rate the same as last year, at $1.185.

The total appraised value of all property in the City of Mission was $1,709,714,302 last year. The current tax year’s total appraised value is $1,755,902,827. Meanwhile the total taxable value of all property for the current tax year is $1,568,639,922, up from last year’s total of $1,484,221,165.

The average market value of residences for the City of Mission is $72,731, up from $72,706 last year. The average taxable value of residences in Mission is $57,731, which is an increase from last year’s $57,706.

Using these figures, Mission taxpayers would be paying an average of $790.91, an increase of $109.98 from last year’s total of $680.93. That’s a 16 percent increase in taxes.