Spring Hill voters consider tax rollback election - KYTX CBS 19 Tyler Longview News Weather Sports

Spring Hill voters to decide between tax rate hike, possible elimination of homestead exemption

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LONGVIEW/GREGG COUNTY (KYTX) - Beginning Tuesday, Spring Hill ISD voters will make an unenviable decision - whether to raise their property tax bills more than eight cents on the dollar, or allow school trustees to eliminate their 15 percent homestead exemption.

The district is holding a tax ratification election Sept. 15, asking voters to consider raising the tax rate 13 cents, from $1.54 per $100 valuation to $1.67. State law requires the rollback election.
Early voting begins at 7:45 a.m. Tuesday in the Spring Hill High School foyer.
If voters reject the tax increase, Spring Hill ISD will lose access to more than $963,000 in additional revenue, including $445,362 in state funding. That would leave trustees with the option of eliminating the optional 15 percent homestead exemption, which amounts to nearly $935,000 in revenue.
"If a majority votes for the $1.67 tax rate... the tax rate will be $1.67," an information bulletin from the district stated. "SHISD will receive an additional $85 in state aid for ever $100 it collects from these 13 cents. That's an 85 percent return on investment."
School officials have also provided comparison on what the decision would mean to property owners.
If the rollback election passes, taxpayers of a property worth $100,000 in taxable value would see their taxes increase $130 - from $1,540, to $1,670. By comparison, keeping the tax rate at $1.54 while eliminating the homestead exemption would increase that same taxpayer's bill by $120, from $1,420, to $1,540.
Taxpayers of a property worth $300,000 would see a $390 tax bill increase if the rollback election passes, or a $361 increase if the election fails and trustees eliminate the homestead exemption.
The average taxable home value in Spring Hill ISD is $152,000, according to the district.
In their information bulletin, district officials say voting yes to the rollback election would be the least expensive option for taxpayers, would eliminate future tax increases under current state law, provide significant economic development in Spring Hill, maximize state aid and p-rovide the district access to the highest enrichment funding ever in Texas.
The increase in tax bills, whether by approving the rollback rate or eliminating the homestead exemption, would affect taxpayers who are disabled or over the age of 65, the district said.
Election day voting will be held Saturday, Sept. 15, at the L.L. Williamson Auditorium, at 3101 Spring Hill Road in Longview, between 7 a.m. and 7 p.m.
Early voting times, dates and locations are as follows:
Sept. 4, 7:45 a.m. until 9 p.m., SH High School foyer, 2800 George Richey Road
Sept. 5, 7:45 a.m. until 3:45 p.m., SHISD Auditorium foyer, 3101 Spring Hill Road
Sept. 6, 7:45 a.m. until 3:45 p.m., SH Primary School foyer, 2700 Spring Hill Road
Sept. 7, 7:45 a.m. until 3:45 p.m., SH Junior High School foyer, 3101 Spring Hill Road
Sept. 10, 8 a.m. until 4 p.m., SHISD Administration Office, 3101 Spring Hill Road
Sept. 11, 8 a.m. until 4 p.m., SHISD Administration Office, 3101 Spring Hill Road

Located in Longview, Spring Hill ISD serves more than 1,900 students on four campuses.
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