The Canadian Record (Canadian, Tex.), Vol. 118, No. 17, Ed. 1 Thursday, April 24, 2008 Page: 4 of 32
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THURSDAY 24 APRIL 2DDS
THE CANADIAN RECORD
LETTERS
The School Bond Issue, Part IV
By CISD Superintendent Frank Belcher
THIS WEEK I WILL CONTINUE to answer questions and provide information
leading up to the May 10th Canadian ISD bond election. During the past few weeks
we have conducted two public hearings to inform the public concerning the proposed
$14 million bond issue. These meetings were held on April 1st and 8th. Beginning this
week I will provide the highlights of the information presented in those public meet-
ings. I would like to remind voters that early voting for the bond issue will begin next
Monday, April 28th and will continue through May 6th at the Canadian ISD Adminis-
tration Building from 8:30 a.m. to 4:30 p.m.
Bend Presentation Facts
•From 2001 through 2007 Canadian ISD will have paid to the State $28.1 million.
That's an average of $4 million per year.
•Canadian ISD must give to the State a percentage of their Maintenance and Op-
erating tax collections. In 2007-2008 that percentage is 63% or 63 cents of every dollar.
Canadian ISD keeps 37 cents.
History
•In 1997 the State Legislature passed legislation that allows school districts to
lessen the payment of "Robin Hood" payments by issuing bonds.
•Canadian ISD can avoid the payment of recapture ("robin hood" payments) for
taxes levied to pay off voted debt.
•This means that all local tax dollars raised for the repayment of bond issues will
be kept here locally.
• Citizens of CISD are assured that more of their tax dollars will stay in the District
to directly provide for the education of students rather than flowing out in the form of
"Robin Hood" payments.
Tax Implications
•The current total tax rate will not increase as a result of the bond issue. In fact if
taxable values maintain at there current level it is more likely that the total tax rate
will decrease.
•A taxpayer that is 65 and over or the disabled will not see an increase in their taxes
for residential homestead values above the frozen levy amount established when the
over-65 or disabled exemption was granted.
School Bonds and School Taxes
•Two separate tax rates make up the total tax rate for CISD.
•M&O Tax: Maintenance and Operations. This is the tax the school district charg-
es to pay for the day to day operations of the district.
•I&S Tax: Interest and Sinking Tax: This the tax the school district charges to pay
off bonds. This money can only be used to pay off bonds.
•During the current school year Canadian ISD's M&O tax rate was 92 cents and
the I&S tax rate was 37 cents. The total tax rate was $1.29.
•The M&O tax rate generated $11,656,400 dollars. Canadian ISD sent $7,320,000
to the State in "Robin Hood" payments. This left a net of $4,336,400.
•The I&S tax rate generated $4,687,900. Since there is no "Robin Hood" payments
on the I&S tax rate the net was $4,687,900. In other words the 37 cents of I&S tax dol-
lars raised more than the 92 cents of M&O tax.
LETTER...CDNTINUED
all became family. That's what this commu-
nity needs.
I understand the daycare outgrew the
building. However, it would be nice if anyone
has any suggestions to keep these valuable
teachers in our very young children's lives—
f not at the Y, then elsewhere.
We won't realize how good we had it until
it's gone. This tragedy of losing the daycare
is going to impact the lives of all of our chil-
dren socially. The Y, the kids and the training
helped me grow as an adult and as a parent. I
thank them very kindly. And to the rest who
helped in my child's success: Amanda, Steph-
anie, Teri, Casi, Ike, Amber, Rain, Katie,
Trudy, Lael and Heather: thank you all!
JESSICA WILLIS-BLANCO
Appraisal notices
are in the mail
ON THURSDAY, APRIL 24, the Hemphill County
Appraisal District will mail out approximately 2,700
Real Property re-appraisal notices for the 2008 tax
year. Property owners whose market or assessed val-
ues have increased in value by $1,000 or more will re-
ceive a 2008 notice of appraised value. If a the property
did not increase in value by $1,000 or more, not notice
will be sent.
This year, the appraisal district received reports of
enough sales of rural land to necessitate a reappraisal
of the market value of rural acreage tracts. The market
values have increased significantly. Most of this prop-
erty qualifies for an agricultural productivity valua-
tion. The productivity valuation rates for 2008 remain
the same as they were in 2007.
I have made an effort to contact all property owners
n the county owning more than 20 acres of rural land
who might qualify for a productivity valuation, and
who—for whatever reason—do not have one. If you
own land in Hemphill County that is rural in nature,
and that is in agricultural use and does not have an ag-
ricultural productivity valuation on it, please contact
my office at (806)323-8022 and request an application
form. You can apply without penalty until May 1, and
with a 10 percent penalty until the tax roll is certified
on July 23 of this year. You will be required to establish
agricultural history to qualify.
Residential properties have been reappraised sub-
sequent to this year's ratio studies. For 2008, all garag-
es are being valued as a component of the property's
valuation. My study of residential equity demonstrated
that garages were a valuation component of only ap-
proximately 20 percent of the residential properties n
the county. This created an issue of unequal appraisal
that required correcting, which I have done.
It is mportant to value all properties in as consis-
tent a manner as possible in order to ensure equity and
a un iform appraisal roll. If you believe your property is
being appraised for more than you could sell it for, then
please file a protest with the appraisal district at 223
Main. Protests will be accepted through June 2.
In addition, multi-family properties and some com-
mercial land has been reappraised for 2008.
Mineral property notices are being mailed April
25. All mineral properties valued at $500 or more will
receive a notice of appraised value. Owners will have
through June 2 to protest their valuations.
Personal property notices handled in house will
be mailed out on or about April 30. Those handled by
Priehard and Abbot will be mailed out between April
25 and May 25. Owners have through June 2, or 30 days
after posting (whichever is later) to file protests. Real
property formal hearings are being scheduled for June
19. Mineral property formal hearings are being sched-
uled for June 30. Personal property formal hearings
may be scheduled for either date or, if necessary, for
July 23.
If you need our assistance, please call the appraisal
district at (806)323-8022.
THOMAS G. DENNEY, Chief Appraiser
Hemphill County Appraisal District
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Brown, Laurie Ezzell. The Canadian Record (Canadian, Tex.), Vol. 118, No. 17, Ed. 1 Thursday, April 24, 2008, newspaper, April 24, 2008; Canadian, Texas. (https://texashistory.unt.edu/ark:/67531/metapth252701/m1/4/: accessed April 24, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Hemphill County Library.