State law requires that school districts seek voter approval to raise their maintenance and operations tax rate above a prescribed amount. The election is referred to as a Voter-Approval Tax Rate Election (VATRE).
HOW DOES THE DISTRICT BENEFIT FROM THIS ELECTION?
Passage of the VATRE will result in a nearly $7.4 million increase in funding for the District, while still decreasing the total tax rate by 0.33 cents. The district uses these funds for teacher and staff salaries, books and classroom supplies, utilities, educational resources, custodial, insurance and other items that help educate students each day.
WHY CALL A VATRE?
There are several primary reasons Pearland ISD has called for a VATRE:
*The total tax rate will still decrease
*The State allows the increase in local revenue to stay in the district while generating additional State funding on a 2:1 ratio
*The District will be able to continue funding for:
*enhanced learning programs our families have become accustomed to (Dual Language Program, GT Academy)
*competitive salaries to recruit and retain our stellar teachers and staff
*Connect:Ed 1:1 device initiative
*facility maintenance and repairs
Passage of Prop A by the voters in November will decrease the total tax rate by 0.33 cents. Homeowners will see a decrease of $3.30 in their tax bill per $100,000 property valuation. Approval of this tax rate will maximize school district funding by nearly $7.4 million.
Estimated Property Tax Due Per Year:
If VATRE passes: $ ($1.3152 total tax rate)
If VATRE fail: $ ($1.2852 total tax rate)
Other exemptions available: Over 65 exemption and Disabled Exemption. These exemptions must be applied for and granted by the Brazoria County Appraisal District.