Belton ISD Proposes Property Tax Decrease - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |

BELTON

Belton ISD Proposes Property Tax Decrease

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BELTON -

Homeowners in the Belton area could expect to see a significant property tax decrease.

The Belton Independent School District's Board of Trustees has begun the process of setting the coming year's tax rate.

Last year, voters in the Belton ISD approved a $60,000,000 bond issue that allowed the new High Point Elementary School to be built.

In order for the new facility to be built, property taxes in the Belton area went up $0.12 for every $100 of property valuation.

That meant that those who owned homes valued at $100,000 would be paying an extra $120 in taxes per year.

The board said they are expecting to bring those property taxes down by $0.071 for every $100 valuation thanks largely to support from the state, property value increases and debt service funding from the Tax Appraisal District.

"So, what it really means is that, overall, we've been able to get some support from the state to service the debt on the bond that voters approved, property values in the district have increased some, and we've been able to manage funds wisely and responsibly," Belton ISD public relations coordinator Kyle DeBeer said.

The High Point Elementary is just one three campuses being funded through this bond issue.

The North Belton Middle School and the Chisholm Trail Elementary School are both expected to open in the Fall of 2014.

"We're really excited," DeBeer said. "The district and the board take very seriously the responsibility to be good stewards of the taxpayers' money. The opportunity to reduce the total tax rate shows that we've been successful in that mission."

The board will be holding a public meeting on Monday, August 19 at the Belton ISD administration building located at 400 North Wall Street.

They will propose the new tax rate to the public for approval.

If approved, this new tax rate would take affect starting on January 1, 2014.

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