North Texas School Districts Sending Property Tax Money Back To State

Cameron Fairchild
July 12, 2018 - 12:35 pm
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DENTON (KRLD) - Many North Texas school districts have to send a lot of their property tax money, back to the state.

For example, Argyle, Lake Dallas, and Pilot Point school districts have to surrender more than a half-million-dollars under what's known as "recapture", in an attempt to equalize wealth between districts.

Recapture payments are determined by dividing property tax values by average daily attendance. If a district rises above a certain amount of wealth per student, the extra money goes back to the state and is given to less wealthy districts.

Denton area State Representative Lynn Stucky, District 56, says the system doesn't work, isn't fair, and is pure socialism.

"It's wrong. And we need to fix it. So we need to start over completely, and come up with a better solution."

Across Texas, 217 school districts have to send more than two-and-a-half-billion dollars in property taxes back to the state.