Tax Rate & Budget Information

PROPERTY TAX RATES PER FISCAL YEAR

 

TAX RATE / FISCAL YEAR

FY17*

FY18

FY19

FY20**

FY21

FY22

FY23

FY24

Maintenance & Operations (M&O)

 

$1.0400

 

$1.0400

 

$1.0400

 

$0.9700

 

$0.9564

 

$0.9534

 

$0.8546

 

$0.6692

Interest & Sinking (I&S)

$       -

$0.2458

$0.2358

$0.2023

$0.1959

$0.1936

$0.1625

$0.1461

Total Tax Rate

$1.0400

$1.2858

$1.2758

$1.1723

$1.1523

$1.1470

$1.0171

$0.8153

* Prior to May 2017 Bond Election

** After 86th Legislative Session, House Bill 3 (2019): Historic School Finance Reform

FY20 and beyond: TEA Calculation of the Maximum Compressed Rate (MCR) of M&O rates for Texas taxpayer relief