Coppell ISD to Hold Public Hearing on Proposed Budget and Tax Rate Aug. 23
Coppell ISD will hold a public hearing on its Fiscal Year 2021-2022 proposed Budget and Tax Rate on Monday, Aug. 23 at 5:30 p.m. The proposed 2021-2022 General Operating Budget is $162,189,770, which is a 0.4 percent increase over the prior year.
The proposed Maintenance and Operations tax rate is $1.0472, which is a reduction of $0.0042 from 2020-2021, and an Interest and Sinking (Debt Service) Tax Rate of $0.2448, which is a decrease of $0.0138. CISD’s overall tax rate for 2021-2022 will be a total of $1.292 per $100 in assessed value, which is a total tax rate decrease of $0.018 per $100 in assessed value or a 1.37 percent decrease overall.
A property owner’s taxes may rise even though the tax rate has been reduced, due to an increase in the value of the property, which is determined by the county appraisal district.