Azle ISD School Board Approves Reduced Tax Rate for 2021-2022
Azle ISD’s Board of Trustees approved a tax rate of $1.2226 per $100 property valuation for the 2021-2022 fiscal year at a Special Meeting on Thursday, August 26, decreasing the rate from the previous year.
The General Maintenance & Operations (M&O) rate was set at $0.972, representing a $0.0788 reduction in the previous year's rate. The Debt Service (I&S) was set at $0.2506, $0.054 higher than the previous year. The total overall rate of $1.2206 is an overall reduction of $0.0248 from the 2020-2021 rate of $1.2474.
While local property values have generally increased, Azle ISD taxpayers have seen a reduction in the total Azle ISD tax rate of more than $0.106 from the $1.329 mark in 2017.