Seminole School District Increases Tax Rate

Seminole School District Increases Tax Rate

SEMINOLE, TX (KWES)

The Seminole school district is hiking their tax rate.

Right now, the rate is at 74 cents.

School board officials approved increasing it to $1.04 cents per $100 valuation.

One of the reasons is because property values are due to oil and mineral values dropping.

School officials tell say another reason for the hike is a bill that was passed nearly 10 years ago.

That bill reduced maintenance and operations tax rates and restructured how the state gives funding to schools like Seminole.

We're told the state is taking that funding away in 2017.

School board officials say, they don't want increase the rate but they're just preparing for the future.

The rate is expected to go into effect in October.