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Maypearl ISD board sets property tax rate at 0.9766 per $100 valuation
Summary
Trustees adopted a tax rate composed of a 0.6669 M&O rate and a 0.3097 I&S rate, totaling 0.9766 per $100 valuation; minutes record unanimous approval among voting members with two trustees not present for the vote.
Trustee James Eubank moved and Trustee Steve Cooper seconded a resolution to set the district tax rate, with a Maintenance & Operations (M&O) rate of 0.6669 and an Interest & Sinking (I&S) rate of 0.3097, for a total tax rate of 0.9766 per $100 valuation. The board adopted the resolution at the Aug. 22 meeting; the minutes record the motion as approved with all voting in favor and note Justin Stinson and Jarod Wright as not present for the vote.
The written resolution in the minutes includes the statutory citation that the board "hereby levy or set the tax rate on $100 valuation for the District for the tax year 2024 at a total tax rate of $0.09766," which is inconsistent with the component rates and the mathematically correct total of 0.9766. The minutes show the component rates (0.6669 and 0.3097); those component rates sum to 0.9766. Reporters and readers should treat the $0.09766 figure in the minutes as a typographical error and rely on the stated component rates and the total 0.9766.
The minutes do not include a roll-call listing each trustee's individual vote; they record the outcome as "For: All voted yes (Justin Stinson & Jarod Wright not present)."
