This tax rate will raise more taxes for maintenance and operations than last year’s tax rate. Albert Uresti, Tax Assessor-Collector for the Southside Independent School District, has calculated the effective tax rate and the rollback tax rate for the district for tax year 2017. Section 26.04 of the Property Tax Code requires that the effective tax rate and the rollback tax rate be submitted to the Board of Managers.The tax rate was approved. The new rate will raise monies for maintenance and operations.. This tax rate consists of $1.17 for M&O and $0.4371 for interest and sinking.
The Superintendent recommended the Board of Managers approve the tax rate and rollback tax rate for tax year 2017. The property tax rate was set at a total of $1.6071, which is a rate for maintenance and operations of $1.17 and a rate for debt service of $0.4371.