VOTERS IN CALDWELL ISD THIS SATURDAY TO DECIDE ON RAISING TAX RATE
Voters in the Caldwell ISD will be deciding on Saturday whether to allow their taxes to be raised 13 cents to help offset the District’s deficit.
The tax ratification election is open to anyone who is registered to votes and resides in the Caldwell ISD, and voters will either vote for the tax increase or against it.
The TRE ballot states: “Approving the ad valorem tax rate of 1.25195 per $100 valuation in the Caldwell Independent School District for the current year, a rate that is $0.1300 higher per $100 valuation than the school district rollback rate.”
The Caldwell’s Maintenance and Operation is currently at $1.04 per $100 valuation, and is seeking the new rate of $1.17, which was adopted during the September 14th meeting. The ballot’s $1.25196 tax rate also includes the district’s debt service rate of eight cents.
If the new rate is passed, the annual tax rate increase of a home with a $100,000 value would be $.97.50. Senior citizens with an age 65 exemption will see no increase in their school tax rate. But that could change if their home valuations go up, which is assessed by the tax appraisers office.