In 2019, House Bill 3 was passed, requiring that all ISD bond propositions include the following statement on the ballot: “THIS IS A PROPERTY TAX INCREASE”. If passed, the bond will result in an increase in the amount of debt owed by Royal ISD. However, the District does not project that passage of the bond election would require an increase to the tax rate.
Royal ISD only controls the school district’s tax rate, which is set annually by the school board. Waller County Appraisal District controls the taxable property value for all properties. Property values have continued to rise. An increase in the property value equates to an increase in your tax bill. We do not expect a tax rate increase for this bond. This bond will not affect anyone 65+ who has filed a homestead exemption.
RISD has added $326 million in taxable value this year from one of the many new businesses coming to RISD. As businesses continue to move to RISD, the tax base will be increased to support such a bond without a change in the I&S tax rate. Four in-process developments are expected to add 4,977 homes in the coming years, resulting in an enrollment increase of approximately 2,986 students.
- Riverway Farms: 1,000 lots
- Freeman Ranch: approximately 250 remaining lots
- Sunterra: 1,992 lots in Royal ISD (5,000 in Katy ISD). Homes started: 75. Homes sold in Royal ISD (as of 4/12/2023): 27 - Learn more: https://bit.ly/3oFOW0d
- Bluestem: 1,300 lots
Still have questions? We would love to hear from you! Please visit the bond website (https://www.royal-isd.net/page/royal-isd-bond), call t us (281-934-6940), or email us (royalbond2023@royal-isd.net).
Join us on Saturday, April 29 at Royal ECC to see the growth firsthand on a bus tour at 9am (breakfast included while supplies last). After the tour, head to the Royal High School PAC for a bond info session at 11am.