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Proposed Tax Rate Notice with HB 3 Changes

Property Tax image


The Richardson Independent School District published the 2019 proposed tax rate on June 7, 2019. Based on the new HB 3 requirements, the revised 2019 proposed tax rate is as follows:

  • $1.06835 for the purposes of maintenance and operation
  • $0.35000 for the payment of principal and interest on bonded debt of this school district
  • $1.41835 total tax rate

The highest tax rate the district can adopt before requiring voter approval at an election is $1.418354. This election will be automatically held if the district adopts a rate in excess of the Voter-Approval Tax Rate (Rollback Rate) of $1.418354.