News
BY KEVIN CUMMINGS & CECILIA LENZEN
Richardson ISD adopts lower tax rate Richardson ISD officials adopted a new tax rate of $1.1431 per $100 valuation for the fiscal year 2023-24. David Pate, assistant superintendent of finance and support services, said it’s the district’s lowest tax rate in 33 years. The details The RISD board of trustees voted Sept. 21 to adopt the new tax rate. In FY 2022-23, the total tax rate was about $.017 higher than the newly adopted rate. Pate said nearly $0.11 of the decrease can be attributed to Senate Bill 2, which is intended to send money to school districts so they can cut taxes. Voters will see it on their ballots in November. The proposed tax rate was calculated assuming the passage of all the constitutional amendments, Pate said, adding that school districts are required to calculate tax rates that way.
Local districts join lawsuit against TEA Richardson and Plano ISDs joined other districts in a lawsuit against the Texas Education Agency over changes made to the accountability ratings system. What’s happening? Both boards of trustees voted Sept. 14 to join over a lack of transparency and timely notification about changes made to ratings calculations. Districts use the ratings to address educational priorities, and many families use them as a measure of quality. District officials said the new system would effectively lower A-F performance ratings for the 2022-23 school year in an unlawful way by calculating them retroac- tively. The lawsuit seeks to block the release of the new ratings.
Dallas County sets $1.7B budget, new tax rate Dallas County commissioners have passed a $1.7 billion budget for fiscal year 2023-24 that comes with a tax rate decrease. The context At a Sept. 12 meeting, members of the Com-
Richardson juvenile curfew repealed Richardson City Council repealed an ordinance regulating curfew hours for minors at its Aug. 28 meeting to conform with a new legislation that went into place in September. The background The local ordinance, which had been in place since 1994, mandated curfew hours for those under age 17. The move came ahead of House Bill 1819, which was passed by the 88th Texas Legislature. The bill prohibits cities from enforcing ordinances that impose a curfew to regulate the actions of minors unless it is for emergency management purposes. According to a city memo, the bill is aimed at lessening adverse youth interactions with police that could result in a criminal record early on.
Richardson ISD tax rates
$1.50 $1.40 $1.30 $1.20 $1.10 $1.60 Tax rate (per $100 valuation) $1.39 $1.52 -17.99%
While the new tax rate marks a 1.03% decrease from the previous fiscal year, county officials expect the average homeowner to see an increase to their bill by 10.85%—or about $62 annually—due to the taxable value on the average homestead increasing by 12% in the county, according to budget documents. The increase in tax revenue for the county is expected to be nearly $81.4 million. The new budget and tax rate went into effect Oct. 1 and ends Sept. 30, 2024.
missioners Court approved the new budget along with a tax rate of $0.215718 per $100 valuation. The Dallas County tax rate has been declining since FY 2019-20, when the rate was set at $0.2431 per $100 valuation.
$1.14
$0
FY 2019-20
$0.243100
Dallas County tax rates Taxes are collected per $100 valuation of a property.
SOURCE: DALLAS COUNTY/COMMUNITY IMPACT
FY 2020-21
$0.239740
What to expect The tax bills homeowners received in October is based on the new tax rate. Taxpayers will be notified of what their tax bill will look like if the amendments don’t receive voter approval.
FY 2021-22
$0.227946
FY 2022-23
$0.217946
FY 2023-24
SOURCE: DALLAS COUNTY/COMMUNITY IMPACT $0.215718
DALLAS 9500 North Central Expressway (214) 369-2800 ADDISON 15055 Inwood Road (972) 239-5891
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