House Bill 3 is working in Humble ISD and other districts across the state allowing...
Humble ISD trustees approved a 4.6 cent property tax rate reduction for 2022 at their September board meeting, bringing the district’s new rate to $1.2929 per $100 valuation. But the decades low rate won’t necessarily mean a smaller tax bill for taxpayers.
Humble ISD Chief Financial Officer Billy Beattie believes HB 3 does a good job at determining what schools need to operate effectively. Humble ISD receives approximately 45 percent of their funding from local tax and 55 percent from the state, according to Beattie. “No new revenue does not take into consideration student population, needs or operation cost changes,” Beattie said. “For example, the no new revenue rate would not account for rising energy costs, student growth or inflation. In this environment, the district would not be able to provide the same level of service to families with a no new revenue rate. Fortunately, the property value growth we see in our area allows the district to lower the tax rate without reducing services to families.
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