野花社区视频

野花社区视频 ISD has lowered its school tax rate for four consecutive years. The total amount of taxes that an individual pays includes the school tax rate AND property taxes that are set by the county appraisal 野花社区视频. If the value of your home has increased based on the county appraisal assessment, then the total amount of taxes you pay is likely to rise. A school 野花社区视频 does not have control over property taxes, only the school tax rate which was recently approved to be lowered by five cents this year.

The current tax rate for the 野花社区视频 is $1.22.

The amount of taxes paid by each taxpayer is calculated by multiplying the 野花社区视频 tax rate by each $100 of taxable value of the property. Therefore, if your assessed taxable value goes up, the amount you pay will go up even if the tax rate remains unchanged. The assessed value is set by your county appraisal 野花社区视频, not the school 野花社区视频.

This bond will result in a $0.01 increase to the school 野花社区视频 tax rate.  The projected tax rate increase impact on a home valued at $150,000 is about $15.00 a year. 

The State Property Tax Code allows for school property taxes on an individual homestead to be “frozen” at the age of 65. If you are 65 years of age or older and you have filed for the “Over 65 Homestead Exemption”, there is a ceiling on the amount of school taxes to be paid. The only exception is if improvements are made to the home. As such, a tax increase from a new bond program cannot increase the applicable tax ceiling of a taxpayer that has qualified for the “Over 65 Homestead Exemption.”

We estimate that the tax rate increase would take place for the 2024 tax year.

This bond package will increase the 野花社区视频’s I&S (Interest and Sinking) tax rate, which pays for bonds, by $0.01 next year. The 野花社区视频’s M&O (Maintenance & Operations) tax rate, which funds 野花社区视频 operations, will decrease by $0.05 next year. Therefore, if this bond passes, then the tax rate for 野花社区视频 ISD will decrease by four cents next year.

The tax rate for the 2022 tax year is proposed to be reduced from $1.27 to $1.22.  If the bond does not pass, then the tax rate for the 2023 tax year will be the same or lower based upon property valuation and any legislation passed in the 2023 Legislative session, which begins in January.

We estimate a repayment schedule of around 25 years for each issuance.  We estimate we will have 3 issuances depending on conditions at that time. We estimate that the tax rate increase would take place for the 2024 tax year.