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District expects unchanged tax rate; preliminary taxable value reported at $366.7M
Summary
CFO David Longoria said the district estimates the tax rate will remain at $0.98 per $100 valuation and reported preliminary taxable values of $366,715,855; a proposed $40,000 homestead exemption is slated for the November 2025 ballot and would reduce values if approved.
During the June 26, 2024 public hearing, CFO David Longoria told trustees that preliminary taxable property values received from the appraisal district total $366,715,855. He said the district’s budget assumes the tax rate will be the same as the prior year, at $0.98 per $100 of valuation, and that the board will adopt the official rate in September after receiving certified values from the Willacy County Appraisal District.
Longoria added that the taxable value figure could decrease if voters approve an additional $40,000 homestead exemption, which the presentation said would appear on the November 2025 ballot.
