How would the proposed bond impact individual homeowners in Pearland ISD?
The maximum tax impact of this bond election is projected to be no more than 7 cents per $100 valuation, or $10.21/month on a Pearland ISD taxable home of $200,000 (includes homestead exemption). There will be no tax impact for seniors 65 and older who have the appropriate exemption.
The tax rate is projected not to increase until three years from now. At that time, it may increase initially by 4 cents, then rise to a maximum of 7 cents in the fifth year after the election. This projection is based on conservative estimates of increases in the size of the tax base and other related factors. It is likely the tax rate increase will be less, given recent area history.
There will be no tax impact for seniors 65 and older who have the appropriate exemption. Return