After two previous attempts by Robinson ISD to pass a bond that would be used build a new intermediate school, on Saturday May 10th, voters, by a narrow margin, said yes to a $19.5 million bond that will be used to replace their current 50 year old school.
The bond passed by a mere 19 votes. 1,037 votes for and 1,018 against.
The bond will raise Robinson ISD tax rate by 24.5 cents, to a new rate of $1.56 (starting in 2015). For a Robinson resident that owns a home valued at $200,000, that means about $490 more per year in taxes. The average for price a home sold in Robinson ISD in the past year is $161,304, which equals an average increase of a homeowner’s tax bill of $395.
Here’s a short list of a few area school districts and their current tax rates:
With a new school for Robinson ISD, it will be interesting to see if it spurs more growth for that area. With buyers typically buying “by school district”, having an up-to-date and strong education system can have a positive affect on a home’s market value in the future.