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Change in ‘Robin Hood’ means Llano ISD keeps extra $200,000
Were you aware that Llano ISD gives a local homestead exemption in addition to the state mandated homestead exemption? We do. While we are happy to provide that extra “relief” to homeowners, this local exemption has affected the amount we pay back to the state in recapture or “Robin Hood.” As the vast majority of you are aware, Llano ISD is a “property rich” district and must give approximately 50 percent of our property tax collections to the state each year. Llano ISD has paid rec ...
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