By Tracy R. Mesler
The Nocona School Board received an in depth look Monday night at the ramifications of Senate Bill 3 – the tax reform and school finance measure approved by the Texas Legislature in May.
For the taxpayers, the ‘tax relief’ promised by the State Legislature comes in the form of a 7-cent reduction in the ad valorem property tax rate NISD will assess against all taxable property in its district. The cap on the tax rate drops from $1.04 to 97-cents, Supt. Dr. David Waters reported.
Read more about the impacts on your property taxes and faculty salaries in this week’s edition of The Nocona News.