• CISD TRUSTEES APPROVE SIGNIFICANT REDUCTION ON TAX RATE

    During the regular September Board meeting, Coppell ISD Trustees adopted a lower tax rate of $1.269 as compared to the 2006 rate of $1.599. In 2006, school district taxes paid on the average taxable value of a Coppell home at $240,931 was $3,852.49. With this year's lowered school district tax rate, taxes paid on that same home, now valued at $248,955 will be $3,159.24. A savings of $693.25... good news for CISD tax payers!
     
    According to Coppell ISD Chief Financial Officer Kelly Penny, "The tax cut rate is attributed to House Bill 1. The legislature increased the state aid to all school districts across Texas to make-up for the loss of revenue from the reduction in property taxes. However, the state has also limited every district to a fixed, per pupil allotment that does not include additional dollars for future raises or operating cost increases (utilities, transportation, etc.). Now when property values increase, the state receives the revenue from the increase in taxes collected, with the exception of the $.04 'golden' pennies and debt service collections."
     
    The tax savings is not the only good news! Coppell bests tax rates of many districts including Frisco, Allen, McKinney, Grapevine-Colleyville, Irving, and Carrollton-Farmers Branch, to name a few. In fact, when compared to other districts in the Metroplex (see table below), CISD ranks the fifth lowest only behind Highland Park, Fort Worth, Garland, and Plano.
     
    Comparison of Districts
     
    District

    General Fund

    Debt Service

    Total Tax Rate

    Highland Park $0.976700 $0.060000 $1.036700
    Fort Worth $1.040000 $0.150000 $1.190000
    Garland $1.040000 $0.213300 $1.253300
    Plano $1.020000 $0.248400 $1.268400
    Coppell $1.040000 $0.229000 $1.269000
    Arlington $1.040000 $0.238000 $1.278000
    Grapevine-Colleyville $1.040000 $0.250000 $1.290000
    HEB $1.040000 $0.263711 $1.303711
    Northwest $1.000500 $0.335000 $1.335500
    Richardson $1.040050 $0.300000 $1.340050
    Irving $1.000000 $0.348500 $1.348500
    Frisco $0.960000 $0.390000 $1.350000
    Keller $1.040000 $0.317400 $1.357400
    Carrollton-Farmers Branch $1.040000 $0.327000 $1.367000
    Lewisville $1.040000 $0.330000 $1.370000
    Sherman $1.040000 $0.330000 $1.370000
    Mesquite $1.006700 $0.370000 $1.376700
    Wylie $1.040000 $0.350000 $1.390000
    Duncanville $1.040000 $0.378000 $1.418000
    Mansfield $1.040000 $0.410000 $1.450000
    Rockwall $1.040000 $0.430000 $1.470000
    Allen $1.040000 $0.430300 $1.470300
    McKinney $1.040000 $0.477000 $1.517000
    Lake Dallas $1.040000 $0.480000 $1.520000