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Mansfield ISD board adopts 2024 tax rate of $1.1469; M&O set at $0.7869
Summary
The Mansfield ISD Board of Trustees voted 7-0 on Aug. 27 to adopt a 2024 property tax rate of $1.1469 per $100 valuation — an effective 2.12% increase — approving a maintenance and operations rate of $0.7869 and an interest and sinking rate of $0.3600.
The Mansfield ISD Board of Trustees on Aug. 27 approved a 2024 property tax rate of $1.1469 per $100 of assessed valuation, a package the board described as effectively a 2.12% increase.
Dr. Benita Reed moved "to approve the property tax rate be increased by the adoption of a tax rate of $1.1469," and Bianca Benavides Anderson seconded the motion; the motion carried 7-0. The board also approved a maintenance and operations (M&O) rate of $0.7869 and an interest and sinking (I&S) rate reported in the meeting record and corrected in reporting to $0.3600 to be consistent with the stated total.
Why it matters: the adopted rate sets the district's levy for the 2024 tax year and funds operating and debt-service obligations. Board members voted unanimously after the district's finance staff presented the proposed rates and supporting materials earlier in the meeting. The item was presented by Michele Trongaard, Associate Superintendent of Business and Finance.
What's next: implementing the adopted rate will proceed through district tax collection processes for the coming fiscal year; no further board action on adoption was recorded at the meeting.
