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Royse City ISD adopts appraisal roll, sets tax rate and approves certified tax roll
Summary
The board adopted an $8.1 billion appraisal roll, set the tax rate at 1.2552 (M&O 0.7552; I&S 0.50) and approved the certified tax roll showing a $4.9 billion taxable value; administrators said increased homestead exemptions explain why the tax rate stays the same despite a higher market appraisal.
Byron presented the district’s tax items and the board approved an appraisal roll, a tax-rate resolution and the certified tax roll. He told trustees the appraisal roll is valued at about $8.1 billion (market value) while the net taxable appraised value used for the levy is about $4.9 billion. The recommended total tax rate remains the same as last year at 1.2552 — 0.7552 for maintenance and operations and 0.50 for interest-and-sinking — in part because additional homestead exemptions incorporated into the calculation reduce the taxable base.
Byron said the total tax levy is expected to be roughly $59.9 million and that property-tax bills for homeowners with homestead exemptions should show a reduction. The board adopted the appraisal roll, set the tax rate and approved the certified tax roll by unanimous votes.
