"BCISD OKs new tax rate" by: Mike Reddell

New conceptual image of Linnie Roberts Elementary was viewed by school board Monday.

   Bay City school trustees approved a tax rate of $1.53731 per $100 valuation and will have a public meeting Sept. 16 for a hearing on the levy and to discuss the fiscal 2020-21 budget, the school board decided at its regular meeting Monday, Aug. 20.
   That levy breaks down to $1.05365 per $100 valuation for maintenance, and 48.366 cents for debt service. 
   Last year’s tax rate was $1.55222 per $100 valuation and the effective rate is $1.58304 to pay for the same level of maintenance and operations revenue and to pay debt service.
   The total appraised value of all property this year is $1,702,459,118, up from $1,626,877,784 last year. 
   The total taxable value of all property is $1,432,091,095, compared to last year’s $1,351,332,441.

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