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Splendora ISD board adopts $1.2547 property tax rate, a 12.72% increase
Summary
The Splendora Independent School District Board of Trustees voted Sept. 15 to set a total property tax rate of $1.2547 per $100 valuation, increasing the rate by 12.72 percent; the board set separate Maintenance & Operations and Interest & Sinking rates and approved related tax roll and calculation steps within consent items.
The Splendora Independent School District Board of Trustees voted Sept. 15 to adopt a total property tax rate of $1.2547 per $100 of assessed value, an effective 12.72 percent increase, board documents show.
The vote set the Maintenance and Operations (M&O) rate at $0.7547 and the Interest and Sinking (I&S) rate at $0.5000.…
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