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Kaufman ISD board adopts 24.06% effective tax-rate increase to 1.2552 per $100
Summary
The Kaufman ISD Board of Trustees voted 5–0 on Aug. 26 to adopt a tax rate of 1.255200 per $100 — recorded as an effective 24.06% increase — and to adopt an ordinance effecting the change.
During its Aug. 26 special meeting, the Kaufman ISD Board of Trustees voted unanimously to adopt a property tax rate of 1.255200 per $100 of assessed value. Vice President Christine Borders read the suggested motion to increase the rate — described in the record as an effective 24.06 percent increase — and to adopt the associated ordinance; Trustee Linda Mott seconded the motion and the board approved it 5–0.
The meeting record ties the tax-rate figure to the budget discussion presented earlier by Grant Miller, KISD’s chief of finance and operations. The district materials and motions list the distribution of the 1.2552 rate as $0.7552 for Maintenance & Operations and $0.5000 for Interest & Sinking.
