Brownwood Residents Paying Less Taxes

By Brownwood News

Published 08/28 2014 08:25PM

Updated 08/28 2014 10:42PM

The people of Brownwood will have a little more cash in their wallets following a proposed tax decrease that was passed by the Brownwood Independent School District.

"I've lived here 20 years and Brownwood has been good pretty much towards the school stuff completely. So yeah, I think the money is being spent wisely," Justin Brown, a Brownwood resident, said.

Many Brownwood residents are feeling the same after some old debt paid off by the Brownwood ISD helped to lower the tax rate.

Parents waiting outside of Woodland Heights Elementary gave their thoughts on how Brownwood ISD is spending their money and if they're making the right decisions.

"Yeah, they're doing a good job, I think," Stephanie Bumbelow, a parent, said.

Another parent, Danny Heron, agreed, "I'm pretty satisfied with the kids and the way things are going. And you may get some other opinions of that but I'm happy."

Although proposed a while back, the tax rate was only just recently adopted. The new tax rate is $1.25 per $100 valuation when it used to be $1.30. This means that an owner of a home valued at $75,000 will pay $37.50 less in property taxes this year.

Dr. Reece Blincoe, Brownwood ISD Superintendent, is happy to be a part of the decrease. "We want to be good stewards of the tax payer's dollars, so it makes us proud when we are able to give a nickel back that they've been giving us to pay off debt."

Most parents and teachers are pleased with how the school district is spending their money.

Additionally, Dr. Blincoe says that in the near future they will be lowering the tax rate even further after paying off more debt.

"What we are going to do in January is we are going to refinance some of our current debt and give back another three to four cents and take advantage of the low interest rates that currently exist in the market," Dr. Blincoe said.

If the additional few cents is also taken off of the tax rate, that would mean that $60 could be saved annually from a $75,000 home.

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