Has the Aledo ISD tax rate decreased this year?
Yes, it has. Aledo ISD has maintained the same tax rate of $1.5950 since the 2015-2016 school year. With the passage of House Bill 3 during the recent legislative session, AISD is projected to receive additional state funding that has permitted a required tax rate compression, or decrease, of 10 cents to $1.4933. Based on the 2019 average appraised home value ($360,394) in Aledo ISD, this tax rate decrease would result in a $341.00 savings. As you know, the actual amount of school taxes you will pay is significantly impacted by the appraised value of your residence that is determined by the Parker County Appraisal District.
Not only did House Bill 3 provide for a reduced tax rate in 2019-2020, the bill also provides for additional tax rate reduction in future years based on the amount of local and state property value growth. Another measure included in House Bill 3 is designed to limit a school district’s adjusted tax levy to no more than 2.5% more than the prior year.