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Lockhart ISD board adopts $0.9546 total tax rate, an 18.38% effective increase
Summary
The Lockhart ISD Board approved a total property tax rate of $0.9546 per $100 of valuation (an effective 18.38% increase) in a 6-0 vote at its Aug. 26 meeting and adopted resolutions for Maintenance & Operations and Interest & Sinking rates.
The Lockhart Independent School District Board of Trustees on Aug. 26 adopted a total property tax rate of $0.9546 per $100 of property value, which the board recorded as an effective 18.38% increase in the tax rate. Trustee Dr. Barbara Sanchez moved adoption of the rate and Trustee Rene Rayos seconded; the motion carried, 6-0.
The board approved a resolution adopting the Maintenance and Operations (M&O) tax rate and the Interest and Sinking (I&S) tax rate as described in the resolution. The action followed a public meeting on the proposed 2024-2025 tax rate that drew no public comment. The board took the vote during its regular meeting at the M.L. Cisneros Education Support Center and adjourned at 9:05 P.M.
