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Martinsville ISD approves interest-and-sinking tax rate of $0.2100
Summary
The Martinsville ISD Board approved an interest-and-sinking (I&S) tax rate of $0.2100 per $100 valuation for 2024–2025 at its Aug. 26 meeting; Trustee Juston Bass moved the measure and Trustee Teresa Weaver seconded it.
The Board of Trustees voted to approve an interest and sinking fund tax rate of $0.2100 per $100 valuation for fiscal year 2024–2025. Trustee Juston Bass moved to "approve an interest and sinking fund tax rate of $0.2100 per $100 valuation for the 2024-2025 fiscal year," seconded by Board President Teresa Weaver; the motion passed.
When combined with the approved M&O rate of $0.7844, the board adopted a total tax rate of $0.9944 per $100 valuation for the 2024–2025 fiscal year. The minutes do not provide a roll-call tally or revenue projection tied to the adopted rates.
