August 30, 2007 04:08 pm
—
Tuesday's article, "School rollback tax," should have
said that the average Hays County homeowner — a house
valued at $149,000 — would have saved $712, not $685,
had school district taxes fallen from $1.83 per $100
in 2005-06 to $1.37 per $100 in 2007-08 as district
officials said they expected as recently as May. Under
the current proposed tax rate, $1.50, the average
homeowner would pay $2,235 in school district taxes
next year, $491 less than he or she would have paid in
2005-06 on a house valued at $149,000. Also, because
of school district taxes are comprised of two parts –
maintenance/operations and debt service — some parts
of the story may not have been clear. The rates for
this year, last year, next year's original proposed
tax rate and the current proposed tax rate are as
follows:
2005/2006
M&O TAX RATE = 1.50
I&S (DEBT) RATE = 33 cents
TOTAL 05/06 RATE = $1.83 per $100
2006/2007
M&O TAX RATE = 1.37
I&S (DEBT) RATE = 33 cents
TOTAL 06/07 TAX RATE = $1.73 per $100
CURRENT PROPOSED 2007/2008
M&O TAX RATE = 1.17
I&S (DEBT) RATE = 33 cents
TOTAL 07/08 CURRENT PROPOSED TAX RATE = $1.50 per $100
ORIGINAL PROPOSED 2007/2008
M&O TAX RATE = 1.04
I&S (DEBT) RATE = 33 cents
TOTAL 07/08 ORIGINAL PROPSED TAX RATE = $1.37 per $100
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