District news
Tax rate drops but debt tax set at double what bonds require
What happened
On August 24, 2026 the board set the total tax rate at $0.8128 per $100, down from $0.8692. The debt part stays at $0.20, twice the $0.10 needed for bond payments, so the district can pay off its $8.43 million in bonds faster. Taxable property value roughly doubled, to about $574 million, mostly from $321 million in new property.
Why it matters to families
The tax on an average home still goes up about $9.80, to $163.29. Collecting more debt tax than required needed a 60% board vote under Texas law. The budget notice also shows operating spending up 43%.
The evidence
The August 24, 2026 regular meeting agenda includes the official tax rate notice; the minutes record the unanimous votes.
The source
August 24, 2026 regular meeting agenda and tax rate noticeSee the full record for Paint Creek ISD.
Get alerts like this for Paint Creek ISD
We read every agenda, packet, and set of minutes, and write up the decisions that affect families — each one linked to the document it came from, the moment it's public.
Get personalized alerts