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 |