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Conroe ISD Approves Lower Tax Rate; Bills Down

**Conroe ISD Board Approves Fourth Consecutive Tax Rate Reduction, Tax Bills Projected to Decrease Despite Property Value Surge**

**CONROE, TX – September 21, 2022** – The Conroe ISD Board of Trustees officially adopted its 2022-2023 tax rate at a consolidated $1.0967 per $100 valuation during its meeting on September 20, 2022. This marks the fourth consecutive year the district has lowered its tax rate, representing a significant decrease from the previous year’s rate of $1.155.

The newly approved rate is broken down into two components: $0.7891 for Maintenance and Operations (M&O), which funds the district’s day-to-day running costs, including staff salaries, utilities, and instructional materials; and $0.3076 for Interest and Sinking (I&S), dedicated to covering debt payments for school construction, renovations, and other capital improvements.

In a welcome development for local homeowners, the average Conroe ISD homestead tax bill was projected to *decrease* by $271.84, even as property values within the district experienced a substantial average increase of 31.5% for homestead properties from 2021 to 2022.

District officials attributed this positive financial shift for taxpayers primarily to two factors: the significant rise in property values and the impact of state compression initiatives. These statewide programs provide additional state funding to school districts, thereby reducing the reliance on local property taxes to meet educational funding needs.

“We are incredibly proud to continue our commitment to fiscal responsibility while ensuring we provide the best possible education for our students,” stated Dr. Curtis Null, Superintendent of Schools for Conroe ISD, following the board’s decision. “The combination of strong property value growth and crucial support from the state has allowed us to lower the tax rate for the fourth year running, offering tangible relief to our hardworking taxpayers.”

Datta Gaitonde, Chief Financial Officer for Conroe ISD, elaborated, “The increase in the district’s overall tax base means that even a lower rate can generate the necessary funds to operate our schools effectively and manage our debt. This, coupled with the state’s efforts to reduce the local tax burden, creates a beneficial scenario where residents can see a decrease in their average tax bill.”

The Board President, Skeeter Hubert, added, “This decision reflects the Board’s dedication to sound financial management and its understanding of the economic pressures facing our families. We believe this reduced tax rate, alongside a projected decrease in average tax bills, demonstrates our pledge to be good stewards of taxpayer dollars.”

It is important for residents to note that the $1.0967 tax rate approved in September 2022 did not incorporate any potential rate increases that could have resulted from the 2023 Bond election. That bond package, if approved by voters in November 2023, would have been a separate financial consideration with its own potential tax implications, independent of the rate set for the 2022-2023 school year.

For more information regarding the district’s financial details, budget, and tax rates, residents are encouraged to visit the official Conroe ISD website at ConroeISD.net.

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