The Austin Independent School District board of trustees on Monday unanimously approved the district’s new tax rate for the 2016 tax year. AISD’s tax bill is broken into two parts: Maintenance and Operations covers operating costs like salaries, benefits and utility bills; Interest and Sinking covers interest on bond debt for facilities. Trustees approved a $1.0790 per $100 of assessed property value rate for the district’s Maintenance and Operations fund. The Interest and Sinking rate for the 2016 tax year was set at $0.113 per $100 of assessed property value. This brings AISD’s 2016 tax rate to $1.192 per $100 of assessed property value. AISD has lowered its tax rate every year since Fiscal Year 2013-2014, when it was $1.242.
AISD lowers tax rate, again
