People who live in McAllen will get a small bit of relief next year after McAllen ISD board members voted recently to reduce the property tax rate for the second year in a row.
The tax rate was reduced by a little more than six pennies, doubling the state requirement. Homeowners will now pay 93 cents per $100 of assessed value.
“We were able to work also an additional three pennies here in McAllen ISD due to some debt service that we have been paying off ahead of time,” district superintendent Rene Gutierrez said.
According to Gutierrez, the tax rate decrease will put money back into the pockets of local families.
“There will be a savings of about $200 or more based on the average household here in McAllen ISD,” Gutierrez said. “Of course, if the house value is even more, there could b