Midland Tx Real Estate

In 1,030 districts in the state of Texas, only 218 districts have homestead exemption, Midland being one of them.  Instituted in the early 1980s, the 10 percent local option homestead exemption has become a staple for Midland Independent School District taxpayers.  Thanks to our school board who are cognizant of our society and the economic issues that our community is facing, taxpayers get a break in their taxes and the state funds our school programs.

MISD receives grants and state funding for programs such as prekindergarten, accelerated reading and math and the Optional Extended Year Program, which provides additional support and instruction for students in kindergarten through 11th grade identified as not likely to be promoted to the next grade by the next school year, or for students in 12th grade identified as unlikely to graduate before the next school year, the Texas Education Agency website said.

Our district is currently being penalized by the state for being fiscally conservative & not achieving the maximum amount of funding —by raising our (community) taxes.  Although it would allow more money to afford more teachers, instead of the 35-40 positions that have been eliminated, Board Vice President Tommy Bishop said (speaking for himself) he would not want to eliminate the local option homestead exemption at this time, “from a financial standpoint, I think we’re in pretty decent shape,” he said.  “I know the taxpayers have a lot of input and a lot of impact on what we do for our kids.  Unless the bottom fell out of a lot of things, I would not choose to go after it.”

Keeping the taxpayers worries in mind, MISD is having a difficult time managing budgets when they might get reduced in state funding.  Mayor Wes Perry said the city looked at offering a change to the local option homestead exemption, but decided it wouldn’t have much impact and so has not implemented a course of action yet. 

Fortunately, the Midland school board has been able to retain the homestead exemption while 80% of the school districts in the state have eliminated it.  Board President Jay Isaacs said, “This is another example of where the state is exercising undue control over local school board authorities and responsibilities”.  Superintendent Ryder Warren said there are few districts that offer the local option homestead exemption.  “But I’m very impressed that Midland does.  I think in these economic times, it shows a lot for the district to do that for taxpayers.  I think that’s a good thing for the community,” Warren said.  It is not likely to be eliminated, folks.