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Fort Bend ISD board adopts 2024 property tax rate, raising rate to $0.9869
Summary
The Fort Bend ISD Board of Trustees voted Sept. 23 to adopt a combined 2024 ad valorem tax rate of $0.9869 per $100 of valuation — an effective 9.47% increase above the no-new-revenue rate — allocating $0.7169 to maintenance and operations and $0.27 to debt service.
The Fort Bend Independent School District Board of Trustees voted on Sept. 23 to adopt a combined ad valorem tax rate of $0.9869 per $100 of valuation for the 2024 tax year. The board recorded the rate as an effective 9.47% increase above the no-new-revenue tax rate of $0.9015 per $100 of valuation and set $0.7169 for Maintenance and Operations and $0.27 for Debt Service.
Mr. Garcia moved that the Board approve Item 13A and Mrs. Hanan seconded; the motion carried 6-0. The minutes record the motion language that the board "move that the 2024 total tax rate of $0.9869 be adopted with $0.7169 for Maintenance and Operations and $0.27 for Debt Service." The minutes show the meeting briefly adjourned and reconvened specifically to consider and adopt the tax rate before final adjournment.
The meeting packet included the district's full tax rate resolution and the certified 2024 appraisal roll. The minutes state the certified 2024 appraisal roll total as $552,723,057. District officials noted that the proposed tax rate will "raise more taxes for maintenance and operations than last year" and that the Tax Collector certified a 100% collection rate; the board did not record further amended tax calculations or alternative scenarios in the minutes.
Next procedural steps recorded in the minutes: the adopted rate and accompanying resolution were entered into the record and the district will proceed with assessment and collection as required by law.
