Survey Says... CISD Tax Rates Among the Lowest!
High taxes is often the topic of conversation among home owners in the Coppell ISD. One might hear, “We pay the highest taxes,” or “Coppell’s taxes are the highest around!” The good news…neither of those statements are true.
“For people to say that Coppell ISD’s taxes are so much higher than every other district around is just not accurate…it’s simply a myth,”according to the district’s Chief Financial Officer Kelly Penny. “Homeowners in Coppell experience less of a tax burden than if they lived in a majority of the districts in the area. More often than not, what the typical CISD taxpayer fails to realize is that it’s the property values in Coppell that are actually high…not the tax rate.”
In a recent survey (click link in resources box for area tax rate comparison) of 18 area districts including Southlake, Grapevine, Carrollton, Irving, Lewisville, Allen, Plano, and Frisco, Coppell ISD taxpayers actually paid the third lowest total tax rate. In fact, the same comparison also indicates that CISD’s debt payment, the dollars districts use to pay off their bonds, is also the third lowest in the group.
Also worth noting in the comparison, is that tax rates in Wylie and Lake Dallas are higher than most. Their communities successfully passed a recent tax rate election for an available 13 cents and Coppell may look to a similar funding solution in the future.
Penny added, “We are being asked by the state to operate the district on the same funds we had during the 2005-06 school year. With rising transportation, service, health care, and payroll costs, who is able to do that? We could hold a similar election in Coppell ISD next November 2009 to help us secure another 13 cents realizing some of that amount would be eligible for recapture by the state. If the legislature is unable or unwilling to change the current state funding formula, that may well be one of our options.”