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Martinsville ISD sets 2024 tax rate at $0.9944 per $100 valuation
Summary
The board adopted a maintenance and operations rate of $0.7844 and an interest-and-sinking rate of $0.2100, for a total tax rate of $0.9944 per $100 valuation at the Aug. 12 meeting.
The Martinsville ISD Board adopted the district's tax rate for 2024 during its Aug. 12 meeting. The approved rates are a maintenance and operations (M&O) tax rate of $0.7844 per $100 valuation and an interest and sinking (I&S) tax rate of $0.2100 per $100 valuation, yielding a total rate of $0.9944 per $100 valuation.
As recorded in the minutes, "Motion to approve proposed tax rates with a maintenance and operations tax rate of $0.7844 per $100 valuation and an interest and sinking fund tax rate of $0.2100 per $100 valuation for a total tax rate of $0.9944 per $100 valuation. This motion, made by Craig Mueller and seconded by Jonathan Adams, Passed." The transcript does not include a roll-call tally or comparative figures from prior years.
