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Krum ISD board adopts 1.2298 property tax rate, a 0.05% effective increase
Summary
The Krum ISD Board of Trustees voted unanimously to set the 2024 property tax rate at 1.2298, an effective 0.05% increase, during the Sept. 11 meeting. The motion was moved by Trustee Brooke Fouts and seconded by Trustee Nick Vincent.
Trustee Brooke Fouts moved Sept. 11 that Krum ISD adopt a property tax rate of 1.2298; Trustee Nick Vincent seconded and the board voted unanimously to pass the ordinance. Meeting minutes record the action as an effective 0.05% increase in the tax rate.
The minutes state: "Brooke Fouts moved that the property tax rate be increased by the adoption of a tax rate of 1.2298, which is effectively a .05% increase in the tax rate." The board recorded all members present voting aye. The public record in the minutes does not list the prior rate or estimated revenue impact at the time of the vote.
Board discussion earlier in the meeting included the district's budget items and an August financial report; however, the minutes do not record a detailed revenue projection tied directly to the rate adoption.
