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Groesbeck ISD sets 2024 tax rate at $0.94020 per $100, maintenance portion $0.73270
Summary
The board approved an ad valorem tax rate of $0.940200 per $100 on Aug. 26, 2024, split $0.73270 for maintenance and operations and $0.20750 for debt service; the notice shows taxes on an average residence rising about $147.04 to $1,049.57.
The Groesbeck Independent School District Board of Trustees approved an ordinance Aug. 26 levying an annual ad valorem tax rate of $0.940200 per $100 of valuation for 2024. The ordinance distributes the rate as $0.73270 for local maintenance and operations and $0.20750 for interest and sinking (debt service). The published notice included a comparison showing taxes due on an average residence rising from $902.53 to $1,049.57 under the proposed rate (increase $147.04).
Board materials explain the voter-approval threshold and note that the "highest tax rate the district can adopt before requiring voter approval is $0.94020." The ordinance language in the packet states the levy "PASSED AND APPROVED and effective the 26th day of August 2024." The board took the action consistent with the prior public hearing on the budget and the supporting tax-rate analysis in the agenda packet.
