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Longview ISD targets $1.30 tax rate
Longview Independent School District trustees adopted a preliminary 2009 tax rate of $1.30305 per $100 in property value late Monday.
The rate — which includes $1.04005 for maintenance and operations and 26.3 cents to pay debt — represents a nearly 15 percent increase from this year’s tax rate of $1.13805.
The average LISD homeowner, who paid about $1,100 in school taxes last year, would see an increase of about $80 in the next year based on the preliminary rate, according to figures provided by school officials and the Gregg Appraisal District. Updated property appraisals won’t be released by local appraisers for another two weeks, though preliminary figures were mailed weeks ago.
Trustees late Monday learned that school district taxpayers will save more than $9 million in bond payments in the next 28 years, thanks to high bond ratings that translated into lower-than-expected interest rates.
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