The Ysleta Independent School District Board of Trustees approved a 1.5-cent tax rate decrease for 2017 during its regular meeting Wednesday night.
The 2017 tax rate decrease of one and a half cents per hundred dollars of valuation, coupled with the additional homestead exemption will result in an average decrease in property taxes of $12 per year.
“This tax rate decrease for our community is another way we are fulfilling our promise to be good stewards of our citizens’ hard earned tax dollars, “ said YISD Superintendent of Schools Dr. Xavier De La Torre. “Every year, we strive to implement cost-effective strategies in our budgeting while still providing our nearly 42,000 students with a quality education.”
The 2017 tax rate of $1.46 per $100 of home valuation is a decrease from the $1.475 tax rate from 2016.
The tax rate reduction is a result of favorable market conditions for the January 2017 bond sale and additional state funding in the form of Existing Debt Allotment and Instructional Facilities Allotment.
YISD continues to be the only local school district that offers its homeowners an additional homestead exemption of 20 percent of total home value.