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Impact on Senior Citizens' Property Taxes


Whitney ISD property taxes for citizens age 65 or older or disabled would not be affected by the bond as long as a homestead and Over 65 exemption application is filed with the Hill County Appraisal District, and they have owned the home since January 1, 2012. For information about homestead and Over 65 exemptions, call 254-582-2508. Click here to download a homestead exemption application.

 


 

Estimated Tax Impact


If the bond election is approved by voters, the tax increase is planned to be phased in over a period of time. The I&S tax rate is anticipated to increase 12 cents in 2012/13 and then to remain stable for three years. In 2015/16, the I&S tax rate is anticipated to increase by approximately 23 cents, and again by about 8.9 cents in 2019/20. This is based on the conservative assumption that there will be zero growth in taxable values within the district. The 10-year growth average in WISD is 4.2 percent. If the district’s taxable values grow in the future, the tax impact on property owners will be less.


The chart below illustrates the estimated monthly tax increase to property owners in WISD.


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