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Seguin ISD board adopts $1.1028 property tax rate for 2024
Summary
The Seguin ISD Board of Trustees voted unanimously Aug. 14, 2024 to adopt a 2024 property tax rate of $1.1028; the minutes record conflicting language about whether the rate is an increase of .445% or $0.01380 lower than the prior year.
At a special meeting on Aug. 14, 2024, the Seguin ISD Board of Trustees adopted a 2024 property tax rate of $1.1028. Trustee Grace Mueller moved to adopt the rate; Trustee Carl Jenkins seconded. The motion passed unanimously (Ayes: Amador, Crettenden, Duncan, Guerra, Jenkins and Mueller; Nays: None).
The meeting minutes describe the adopted rate as "effectively a .445 percent increase in the tax rate" and also state "The proposed rate is $0.01380 lower than the prior year." The minutes cite calculations performed by the Texas Education Agency and reference the district's Maximum Compressed Rate (MCR) in accordance with TAC 61.1000; the minutes also note the I&S rate is .405. The board recorded that the rate will enable the district to support the proposed budget and sustain staff salaries and extracurricular programs.
The minutes note that if a voter-approval tax ratification election (VATRE) does not pass, the tax rate would revert to $1.0828. The board took no further amendment on the item during the meeting.
