Sealy ISD has called a VATRE-Voter-Approval Tax Rate Election-to continue offering programs that prepare students for college or the workforce while also retaining and recruiting the best quality teachers in the area as well as ensuring that we maintain our aging facilities.
As with most school districts across the state, Sealy ISD is suffering the effects of legislative inaction to update an outdated school funding model. State funding for school districts has not been updated since 2019 despite substantial inflation.
Additional funds generated if the VATRE is approved will provide for salary increases for teachers, retaining and expansion of student programming options, and will allow the district to address much needed deferred maintenance in many areas of our aging facilities.
If a VATRE is approved by voters, the district's maintenance and operations, or M&O tax rate would increase by 3 cents. The overall tax rate would still be decreased to $1.0281 compared to $1.0423 in the previous tax year resulting in the LOWEST district rate in the last 20 years! This would represent an average $51 yearly increase on a home that has an appraised value of $300,000.
TAX CALCULATOR
By increasing the maintenance and operations tax rate by 3 cents per $100 of property valuation, Sealy ISD property owners would see different increases on their property bills. The tool below can assist residents with determining their annual tax increase in the event of a successful VATRE. Please be sure to use your TAXABLE value (not your assessed value). Your taxable value is your assessed value less the amount of the applicable homestead exemptions of 10% (local) and $100,000(state) and is the amount that your tax bill is based on.
**This calculator operates on the assumption that a homestead exemption has been filed, resulting in your home's assessed valuation decreasing by 10% due to the Local Optional Homestead Exemption and an additional $100,000 due to the state mandated homestead exemption.