Tax Rate Control and Debt Management
A key component to funding a school district's operations is its tax rate. The local tax rate is made up of two components – M&O and I&S – each adopted separately by its Board of Trustees. The rate must meet compliance with state regulations, but more importantly, must adequately fund operations and meet debt service requirements, while being acceptable and fair in the minds of the District’s taxpayers.
Lamar CISD’s total tax rate is $ 1.1492 per $100 valuation for the 2023-2024 fiscal year. Because of the tax rate compression from HB3, the District’s M&O rate is now compressed to $ 0.6692. The second component of the tax rate is the I&S or Debt Service Rate, used to fund principal, interest and other debt related expenditures. The I&S rate for the 2023-2024 fiscal year will be $0.4800 to accelerate the payment of principal related to construction to accommodate the rapidly growing number of students.
Lamar CISD property taxes are determined by the property value set by the Fort Bend County Appraisal District. The Assessment and Collections for the property taxes are administered by Fort Bend County Tax Assessor Collector. All Lamar CISD tax payments should be remitted to Carmen. P Turner, Fort Bend County Tax Assessor Collector. All inquiries related to your taxpayer accounts should be directed to (281) 341-3710. The main address of the Fort Bend County Tax Assessor Collector is 1317 Eugene Heimann Circle, Richmond, Texas, 77469.