I read that the tax rate that supports bond debt in school districts is lowered as the overall value of a school district increases. How does that work? Like most things, the value of property increases over time and the overall value of property in a school district is no exception. As property values increase, the revenue generated to pay for bond debt increases, thus the I&S tax rate may be lowered. School districts cannot promise that future values will increase each year, so Nederland ISD cannot promise a future reduction in the tax rate, however, over time school district values usually trend higher which allows school districts to lower the tax rate associated with bond issue debt repayment.
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Will you school taxes increase as you property value increases? Of course, that will happen whether this bond passes of not. But the rate to retire these bonds will decrease as the property values of the businesses and homes in Nederland increase.