BY ELISABETH JIMENEZ & DARCY SPRAGUE
The impact
Hays CISD tax levy
FY 2024-25
FY 2025-26 (If VATRE fails)
FY 2025-26 (If VATRE passes)
Avg. market value of residences
$376,110
$369,482
$369,482
If voters approve a state homestead exemption increase—also on the November ballot—residents who live in an average-market-value home may end up paying less in property taxes due to a decline in average property value, even if the VATRE is approved, according to district data.
Avg. taxable value of residences*
$266,110
$219,482
$219,482
Tax rate per $100 valuation
$1.1569
$1.1546
$1.2746
Taxes due on avg. residence
$3,078.63
$2,534.14
$2,797.52
*TAXABLE VALUE PROVIDED BY THE DISTRICT INCLUDES A $10,000 REDUCTION TO ACCOUNT FOR COMMON EXEMPTIONS, SUCH AS THOSE FOR OVER 65 OR DISABLED. THE 2025-26 NUMBER ALSO INCLUDES THE ASSUMPTION THAT VOTERS APPROVE INCREASING THE HOMESTEAD EXEMPTION BY $40,000.
Looking out
What they're saying
HCISD Chief Communication Officer Tim Savoy said whether voters are for or against the proposition, he hopes residents make their voice heard at the ballot box. Learn more about the election on Page 13.
added $55 to the basic allotment. Popinski noted funding through the allotment would give districts more flexibility, unlike dollars restricted to state mandates or programs. House Bill 2 added an estimated $8.2 billion to public school funding. Much of that is tied to teacher raises and other specific expenditures.
Before the 89th regular Texas legislative session, the basic student allotment—how much districts receive per student—hadn’t risen since 2019, staying at $6,160. To keep pace with inflation, it would need to increase by about $1,400, said Bob Popinski, pol- icy dean for Raise Your Hand Texas. Lawmakers
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