Forney ISD Board of Trustees Approve New Tax Rate
On August 6, 2012, the Forney ISD Board of Trustees held a public hearing on the proposed tax rate for the 2012-2013 school year. Forney ISD Chief Financial Officer, Lucas Janda, presented a proposed tax rate of $1.54 based on the certified tax values from Kaufman County Appraisal District. Janda stated this was a $0.04 increase from the 2011-2012 school year.
“Forney ISD’s taxable values have been stagnant and in some years declining the last five years which has had a direct impact on the proposed tax rate,” Janda said.
Janda also explained that the proposed rate will not affect the District’s maintenance and operations (M&O) tax rate. The M&O tax rate will remain at $1.04. The debt service tax rate will increase four cents from $0.46 to $0.50.
Forney ISD Superintendent of Schools, Michael Holland added, “The average Forney home is valued at $157,386. Based on that average, this tax increase will mean additional $38 in annual property tax would be owed in 2012-2013.”
After several questions from board members, the board unanimously approved the 2012-2013 tax rate at $1.54.