Lewisville ISD approves tax rate

The Lewisville ISD Board of Trustees voted to approve the tax rate for the 2020-21 school year at a Sept. 21 special meeting.

The new combined tax rate will be $1.3473 per $100 valuation.

The rate is an $0.0098 increase from the 2019-20 rate. The maintenance and operations portion, now managed by House Bill 3, will be reduced by $0.0036.

HB 3, which was passed by the Texas Legislature in 2019, includes a 2.5% cap on year-to-year local revenue growth. The interest and sinking rate will increase $0.0134 over the previous year.

Trustees approved the district’s 2020-21 budget last month.  Since LISD is a property wealthy district, approximately $32 million will be sent back to the state in ‘Robin Hood’ payments.

The district’s tax rate history and other financial information can be found at LISD.net/ft.

CTG Staff
The Cross Timbers Gazette is a locally-owned and operated regional newspaper and website covering community news and people in southern Denton County, TX, including the communities of Argyle, Bartonville, Canyon Falls, Copper Canyon, Double Oak, Flower Mound, Harvest, Highland Village, Lantana and Robson Ranch.

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