Overview
- The Board of Managers approved increasing the rate from $0.8489 to $0.8783 per $100 of taxable value.
- The $0.0294 add-on shifts more revenue to maintenance and operations, with $0.1667 for debt and $0.7116 for operations.
- HISD documents cite about $9.4 million in Hurricane Beryl costs and $6.4 million from a May 2024 storm, totaling roughly $15.8 million.
- The district estimates the change will add about $90 a year for an average homeowner, taking effect for the 2025 tax year on bills issued next year.
- Officials have not disclosed how much revenue the increase will yield and say insurance claims and FEMA assistance are still in process and can take years.