If you are a property owner in Plano School District 88, you may see an increase in the school district portion of your 2017 property taxes to be paid in 2018. But the amount will be quite small, Superintendent Dr. Hector Garcia said at last week’s school board meeting.
Garcia asked school board members to approve an ordinance estimating the property tax levy for the coming year. It was approved, so the final document to approve the levy will be on the agenda at the Dec. 18 board meeting, he said.
Because the district does not expect its levy to be 5 percent more than last year or higher, no public hearing is required, he said. He said they expect the levy to increase by no more than 4.8 to 4.9 percent.
This year, to fund the 2017 budget, Garcia said the district is asking for $15,930,604 from the taxes paid for 2016. Garcia noted that taxing bodies must ask for more than they expect to receive from the county to be sure they receive what they are entitled to. If they ask for less than the actual levy allows them to receive, they will receive only the smaller amount.
However, the actual amount they expect to receive is $15,325,748 which is only 0.7 percent more than was received last year, Garcia said.
He said the amount levied for 2015 was $15,754,963, but the district received only $15,176,522.
A 0.7 percent increase in the levy, which is less than 1 percent, would mean any individual taxpayer’s increase would be very small, depending where the property is located.
“We are trying to do our best. We know that taxes are the number one concern of our residents. We are operating below the norm,” said Tim Campbell, board president. “Our recommendation is that we approve the resolution regarding the estimated levy.”