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TAX HIKE SCENARIOS

HISD is studying the possibility of raising property taxes


to offset state budget cuts. None of the scenarios has
been recommended yet, but these examples show how
each would affect the taxes levied on the district’s
average home, with an appraised value of $195,680:
Total
property
Scenario tax levy Net tax increase
Current tax rate, with
20% homestead exemption $1,637.24 --
No tax increase,
but homestead exemption $1,750.41 $113.17
reduced to 15%
4 cent tax increase,
with no change in $1,693.86 $56.62
homestead exemption
4 cent tax increase,
with homestead exemption $1,810.94 $173.70
reduced to 15%
7.33 cent tax increase,
with no change in $1,740.99 $103.75
homestead exemption
7.33 cent tax increase,
with homestead exemption $1,861.33 $224.09
reduced to 15%
Source: HISD CHRONICLE