Red Oak ISD board adopts 2025 tax rate; staff explain "no-new-revenue" calculation nuance
Get AI-powered insights, summaries, and transcripts
Sign Up Free
Summary
Trustees approved a tax rate of $1.0633 per $100 valuation (M&O 0.7152; I&S 0.3481). District staff explained certified property values rose ~9.8% driven by commercial growth, which affects the state "no-new-revenue" comparison metric.
Dr. Johnston, district administration, presented the 2025 proposed tax rate and a companion resolution tied to the state'required "no-new-revenue" calculation.
The board voted to set the tax rate at $1.0633 per $100 of assessed value, broken into a maintenance and operations rate of $0.7152 and an interest and sinking rate of $0.3481. Dr. Johnston explained certified property values rose about 9.8% year over year, driven largely by increased commercial valuations in the district. That rise, he said, causes the state-prescribed "no-new-revenue" comparison to appear as if the district were raising taxes even though the district's actual tax rate decreased 3.63% from the prior year.
Dr. Johnston noted that commercial data-center and industrial property increases drove much of the rise in overall value; the top 10 taxpayers among large commercial properties rose about 30% year over year. The board adopted the resolution and the tax rate; the motion was recorded as passing 7-0.
No change to the district's proposed budgets or spending commitments was reported in the motion; the vote set the official rate to be used in the district's tax notices and required public notices under state law.