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Red Oak ISD board adopts 2024 tax rate of $1.1033, a 7.77% increase
Summary
The Red Oak ISD Board of Trustees unanimously approved a 2024 tax rate of $1.1033 per $100 of property value—$0.7552 for maintenance and operations and $0.3481 for interest and sinking—an effective 7.77% increase at its Aug. 19 meeting.
The Red Oak Independent School District Board of Trustees unanimously approved a resolution setting the 2024 tax rate at $1.1033 per $100 of property value, with $0.7552 allocated to maintenance and operations and $0.3481 to interest and sinking.
Dr. Bill Johnston, the district chief financial officer, presented the resolution. "establishing the 2024 tax rate of $1.1033 ($0.7552 for maintenance and operations and $0.3481 for interest and sinking) per $100 of property value, which is effectively a 7.77% increase in the tax rate," the motion language stated. Vice President Johnny Knight moved to adopt the resolution; Brian Sebring seconded. The motion passed 7–0.
The vote formalizes the rate the district will use to calculate property tax bills for the coming year. The Board did not specify an effective date beyond the fiscal-year action on the agenda; no additional conditions or amendments to the resolution were recorded in the public minutes.
