District offers tax calculator for financial transparency
In alignment with its financial transparency efforts, Pearland Independent School District makes available a Taxes Due Calculator tool for the community on its website. The calculator can be utilized to help guide citizens in making an informed decision regarding the Voter-Approved Tax Rate Election (VATRE), which was triggered by the adoption of the lowest overall district tax rate in at least 30 years.
If approved, the VATRE will generate additional funds from the state for the district while also lowering the 2020-21 property tax rate by nearly 4 cents to reduce the burden on local homeowners.
The VATRE was called by the Pearland ISD’s Board of Trustees during the August 11 board meeting and it will be included on the upcoming November ballot. Election Day is Nov. 3, with early voting from Oct. 13-30.
On the ballot in November, the Pearland ISD VATRE will be referenced as an increase in local tax revenue listed as Pearland ISD Proposition A. A vote FOR will garner an additional $10 million for the district and will provide the necessary funds to sustain the district’s 1:1 device initiative, enhance educational opportunities for all students, continue recruiting, supporting and retaining world-class employees, as well as help the district move toward advancing its strategic goals.
The VATRE offers the ability for taxpayers to assist the district in continuing to provide world-class opportunities for our students.
Pearland ISD continues its commitment to the tradition of world-class fiscal management, as well as high student achievement.
To access the Tax Due Calculator tool and learn about your estimated yearly property taxes, with the passing or failing of the VATRE, visit www.pearlandisd.org/vatre.