2022 Bond Program » Tax Rate Information

Tax Rate Information

Public school taxes involve two figures, which divide the school district budget into two “buckets.” The first bucket is the Maintenance and Operations budget (M&O), which funds daily costs and recurring or consumable expenditures such as teacher and staff salaries, supplies, food, and utilities. Approximately 80% of the district’s M&O budget goes to teacher and staff salaries. The second bucket is the Interest and Sinking budget (I&S), also known as Debt Service, and that is used to repay debt for longer-term capital improvements approved by voters through bond elections. 


Proceeds from a bond issue can be used for the construction and renovation of facilities, the acquisition of land and the purchase of capital items such as equipment, technology and transportation. I&S funds cannot by law be used to pay M&O expenses, which means that voter-approved bonds cannot be used to increase teacher salaries or pay rising costs for utilities and services. 

 

For the estimated tax impact on the approximate value of your property, please try the tax calculators provided on the Tax Impact Calculators page.

 

 

The estimated maximum tax impact of both propositions is an increase of $0.0885 to the I&S tax rate. With an estimated decrease of $0.0299 from state tax rate compression, approval of both propositions could result in an approximate $.0586 net increase to the total tax rate. For the average SISD taxable home, that equates to $6.77 per month. 


The approval of Proposition A only could result in an approximate net increase of $.0291 or $3.36 a month for the average taxable home. The approval of Proposition B only could result in an approximate net decrease of $.0004.

 

For the estimated tax impact on the approximate value of your property, please try the tax calculators provided on the Tax Impact Calculators page.

 

 
Texas lawmakers approved legislation that would increase the homestead exemption for property owners pending voter approval on May 7. If the constitutional amendment is passed by voters in May, the homestead exemption will increase from $25,000 to $40,000, lowering the taxable value for homeowners.
 
 
Residents who have an over-65 homestead exemption, and qualifying disabled veterans, have the security of knowing that their taxes were frozen at the time of their 65th birthday. Anyone who needs more information about the exemption should call the Erath County Appraisal District at 254-965-5434 or go to the appraisal district’s website at erath-cad.com.