The Canton ISD Board of Trustees approved a tax rate of $1.471 Aug. 15 – the board has kept the tax rate steady for a decade.
“This is the 10th year we’ve been able to hold the tax rate,” Superintendent Jay Tullos said. “We’re hoping to keep that for a few more years.”
The tax rate breaks down as $1.04 for maintenance and operations and $0.431 for debt service.
The district’s taxable value for 2016 is $700,888,405. Almost 95 percent is from residential property tax and 5 percent from industrial and mineral taxes.
Trustees also approved the district’s budgets of $15.9 million for operating expenses, $721,344 for child nutrition and $3 million for debt service.
According to information from the CISD business office, the cost to educate a student in CISD – based on an enrollment of 2,107 and 176 days of school – is $9,344.50. That translates to $53.09 per day or $7.08 per hour.