Spring ISD votes to keep the tax rate the same in 2018
The 2018 tax rate will remain the same after the Spring ISD board of trustees approved it on Tuesday.
The tax rate will stay at $1.51 per every $100 valuation of a home’s assessment with $1.06 of the rate going toward maintenance and operation while the remaining 45 cents will go toward paying down the district’s debt.
“The value of the homes, overall, have gone up but what we’re keeping our eyes on is what our collection rate is,” said chief financial officer Ann Westbrooks.
The approximate home value with in the boundaries of Spring ISD is $122,950, which would make the average tax bill about $1,856, Westbrooks said.
Since Hurricane Harvey affected homes with flood damage in 2017, many homeowners are still focusing on repairs, she said.
As homeowners can protest the value of their homes with the Harris County Appraisal District throughout their year, the collection rate for the district may be affected.
“Some people were impacted heavily and so that affects their ability to pay their taxes, because, of course, they’re focused on rebuilding their homes and doing renovations and those sorts of things,” Westbrooks said.
The district will also pay down part of the debt incurred by the $330 million bond that voters approved in 2016.