During Tuesday night’s Canutillo Independent School District (CISD) Board of Trustees meeting, the Board unanimously approved the 2015-2016 Property Tax Rate.
The tax rate is set at $1.53 per $100 of valuation, which is the same rate used last year. This rate includes $1.17 for Maintenance and Operations (M&O) and $0.36 for Interest and Sinking (I&S), otherwise known as Debt Service.
Despite an increase in average appraised values, CISD also expects that the average homeowner within the district will pay less taxes, due to a pending increase in the Homestead Exemption that Texas voters will determine in November.
If the measure passes, the Homestead Exemption will increase from $15,000 to $25,000, resulting in an average annual decrease of $113 to CISD homeowners.
“Despite the fact that our district is growing and the opening of a new elementary campus, we are pleased that our diligent planning and cost saving measures will not translate into an increase of taxes for our local tax payers.” said Dr. Pedro Galavíz, Superintendent of CISD.
Dr. Galaviz added, “We are focused on becoming the region’s premier school district, and I invite everyone to consider becoming part of our family either as students, employees or partners in education.”
In related news, CISD is experiencing a slight increase in enrollment compared to last year’s enrollment of 5,977 students, which is triggering the need to hire additional teachers and support personnel including teachers, custodians and substitute teachers.
All current job openings and application requirements are available on the CISD website at www.canutillo-isd.org within the Human Resources Department page.