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Godley ISD projects slight tax-rate drop as certified values rise; compression under HB 3 to reduce M&O rate
Summary
District staff said preliminary county-certified values show about a 5.17% increase in net taxable value to just over $2.0 billion, producing a projected 1.47¢ decline in the M&O tax rate due to state compression rules from House Bill 3 (2019); final tax rate will be set in August after TEA calculations and county certifications.
Godley Independent School District finance staff told trustees that preliminary certified values from Johnson, Hood and Tarrant counties show district taxable value increased about 5.17% year over year, prompting a modest reduction in the local maintenance-and-operations rate under state compression rules.
Spencer, a district staff member, said the district's preliminary total net certified value is "a little over $2,000,000,000" compared with $1,920,000,000 the prior year, and that the district is projecting to decrease next year's tax rate by 1.47 cents per $100 of valuation because of M&O tier compression. "So we're looking to decrease that by 1.47¢," Spencer said.
Context and mechanics: The presentation referenced House Bill 3 (2019) compression rules and TEA calculations (the district noted that TEA certifies MCR / tier rates in August after county value certification). Spencer emphasized that the tax-rate proposal presented in the packet is preliminary; the board will adopt the tax rate in August after certified rolls and TEA final rates are available.
Delinquencies and collections: Spencer said the district typically collects about 99% of taxes in a given year and that delinquent collections are handled through outside attorneys; this year's collection rate was slightly below 99%. Trustees asked about protest filings and appraisal-district freezes; Spencer and others noted those factors could affect final certified values and future growth rates.
Ending: Trustees were reminded the district will publish the preliminary tax notice on May 22 and that the budget adoption on June 16 is separate from the tax-rate adoption in August, which depends on certified county values and TEA calculations.
