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What is the difference between bond authorization and bond sales?
Approval of the bonds by the voters is an authorization to sell bonds
up to a maximum limit. The bonds do not cost the district anything
until they are sold. The Board of Trustees determines the date of
sale and amount of each bond sale and the sales are for only the
amounts needed.
How will taxpayers who have the homestead exemptions for citizens 65
or older on their homes be affected?
Residents who have
an over-65 homestead exemption will NOT see an increase in their
taxes because their taxes were frozen at the time of their 65th
birthday. Anyone who is eligible for this exemption should call the
Smith County Appraisal District at 903-555-0555 and ask for the
Exemption Department or go to the appraisal district’s website at
www.smithcad.org.
Comparable School Districts
- 2002-2003 Total Tax Rates
|
District |
Tax Rate |
|
Abilene
ISD |
$1.543 |
|
Longview
ISD |
$1.553 |
|
Lubbock
ISD |
$1.606 |
|
Lufkin
ISD |
$1.581 |
|
Midland ISD |
$1.605 |
|
San Angelo ISD |
$1.569 |
|
Tyler ISD |
$1.471 |
|
Waco
ISD |
$1.486 |
|
State |
$1.533 |
Neighboring School District Comparison (Smith County)
2003
Total Tax Rates
|
District |
2002 |
2003
Total |
%Change |
|
Arp |
1.69433 |
1.762490 |
4.02% |
|
Bullard |
1.59000 |
1.590000 |
0.00% |
|
Lindale |
1.53900 |
1.539000 |
0.00% |
|
Troup |
1.52460 |
1.521500 |
-0.20% |
|
Tyler |
1.47000 |
1.470000 |
0.00% |
|
Whitehouse |
1.52300 |
1.503000 |
-1.31% |
|
Chapel Hill |
1.59000 |
1.590000 |
0.00% |
|
Winona |
1.56824 |
1.568500 |
0.02% |
Based on Maximum Debt Service Tax Rate Increase
IMPACT OF FUTURE
$95.98 MILLION BOND ELECTION ON TAXPAYERS
Tyler ISD Average Home Value - $106,953
Prepared by RBC Dain Rauscher
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