Lubbock ISD Approves 2012-13 Tax Rate

Lubbock ISD’s school board has approved their tax rate for the next year.

The LISD Board of Trustees approved a combined tax rate of $1.235 per $100 of assessed value, remaining unchanged from the current rate.

For a home valued at $100,000, the homeowner will pay $1,235.

The general school operations rate is $1.04 and the bond debt service is $0.195. Lubbock ISD’s rate is currently the second lowest of the eight school districts in Lubbock County.

At the same meeting, the board authorized Superintendent Karen Garza to issue bonds up to $65 million, as part of cash flow for projects approved in the 2010 bond that are currently in progress.