Pearland ISD “Tax Rate Cut”
Yes, you have read it correctly. Pearland ISD Board of Trustees is proposing a tax rate cut of 3.71 cents per $100 evaluation. The new rate would drop from $1.3956 to $1.3585. Is it really gonna lower your tax bill?? For most, it will not. If you remember, the county appraisal district raised the value of properties by an average of 3.1% last year. If you look at a house appraised at $250.000 the tax cut amounts to $92.75 a year. If you add 3.1% (average increase) on top of the appraised value it increases the value of the house by $7,750 and the tax bill by $105.28. So it becomes a net tax increase of $12.53 per year which is better than the alternative. If you want your tax bill to go up less, make sure to vote yes for the Pearland ISD proposal.