COLEMAN I.S.D. ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS
THAN LAST YEAR’S TAX RATE.
THE TAX RATE WILL EFFECTIVELY BE RAISED BY 20 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $200.00.
(The actual percent of increase in the Total Tax Rate from 2008 is .008%, because the maintenance and operations rate is increased by 13 cents and the interest and sinking rate is decreased by 12 cents for a total tax increase of 1 cent/$100 valuation.)
Example, Residential Property:
$100,000.00 @ 1.25/100 = $1250.00
$100,000.00 @ 1.24/100 = $1240.00
Over 65 homestead exemptions remain unchanged.