The propositions on the November ballot have different effects on Northside ISD's tax rate.
PROPOSITION A
VATRE (M&O)
TAX-RATE IMPACT
3-cent increase
to the M&O tax rate
The average taxable value home in NISD ($215,210) would see an increase of $5.98 per year due to recent decreases in taxable value.
PROPOSITIONS B, C, & D
School Bond (I&S)
NO TAX-RATE IMPACT
No increase
to the I&S tax rate
Bond projects would be funded within the district's existing I&S tax rate
M&O + I&S = TOTAL TAX RATE
TOTAL TAX RATE
M&O + I&S
CURRENT TOTAL RATE
$1.0049
PROPOSED TOTAL RATE
$1.0349
3-cent increase to the total tax rate
Tax rates are shown per $100 of taxable property value.
Over-65 Homestead Exemption
Homeowners who apply and qualify for the age 65 or older homestead exemption receive a school property tax ceiling, sometimes called a tax freeze.