Education
BY JAMES T. NORMAN
Clear Creek ISD lowers property tax rate district’s maintenance and operations tax rate, or M&O, and $0.27 in the district’s interest and sinking tax rate. The total taxable property value within the district is around $33.9 billion , which is a 3.7% increase compared to initial values given in 2023, according to district documents. What else?
Clear Creek ISD tax rate history
Maintenance and operations rate Interest and sinking rate
Clear Creek ISD’s board of trustees at its Sept. 23 meeting voted to lower the district’s total tax rate for the sixth year in a row. However, due to increased appraisals of prop- erties in the area, the cut could still result in the average resident seeing an increase in the district’s portion of their annual property tax bill. What you need to know The new total tax rate for CCISD is $0.969 per $100 valuation of a home. It represents the highest tax rate the district can approve without triggering a voter-approval tax rate election, CCISD Chief Financial Officer Alice Benzaia said at the meeting. For residents, the average property in the district, which has a taxable value of $257,396 —up from $240,998 last year—could see an increase of $145.40 in the district’s portion of their property tax bill, documents show. The rate comes from a tax rate of $0.699 in the
$0.9359 $0.97
$0.34
2020 2019 2021 2022 2023 2024
$0.33
$0.29 $0.8897
$0.8446
$0.27
$0.27 $0.27
$0.7046 $0.699
In the Greater Houston area, a presentation from the district on Sept. 23 showed it had a lower rate than all but one district, which was Houston ISD. The tax rate approval came roughly a month after CCISD’s board approved the district’s budget for fiscal year 2024-25 at its Aug. 26 meeting. What they said Trustee Scott Bowen said at the meeting the dis- trict doesn’t have much control over what the tax rate can be, particularly the M&O rate. He noted if the district adopts a rate below what it’s set at, it loses state funding in addition to lost revenue.
SOURCE: CLEAR CREEK ISD/COMMUNITY IMPACT
He added that since property valuations didn’t go up by as much as previous years, the tax rate didn’t go down nearly as much. Board president Arturo Sanchez said if the state in the upcoming 2025 legislative session opts to approve additional funding for public schools, the district may be able to lower the rate further.
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