Tax Information

View key tax information and learn how the district ensures transparency in managing public funds.

Tax Impact

If the Boyd ISD bond referendum passes, there will be a tax rate impact of $0.2750 to the I&S rate.

For the average home in BISD valued at $313,585, that impact would be $48.95 a month. 

Calculate Your Monthly Impact

ESTIMATED MONTHLY IMPACT

$0.00

Important Information

This calculator takes into account the $100,000 homestead exemption afforded to Texas residents who apply for it and allows for two selections: the estimated tax impact and the current appraised value of your home (please keep in mind that the appraised value is not the same as the market value). If you qualify for an age 65+ or disabled person residence homestead exemption, the school district taxes on that residence homestead cannot increase as long as you own and live in that home.

How is Boyd ISD’s tax rate configured?

A school district’s tax rate is comprised of two components: the Maintenance & Operations tax (M&O) and the Interest & Sinking tax (I&S). The M&O rate is used to operate the school district, including salaries, utilities, furniture, supplies, food, gas, etc. The I&S rate is used to pay off school construction bonds. Bond sales only affect the I&S rate.

What is M&O and I&S?

Maintenance and Operation (M&O) funds are primarily used for the ongoing operational needs of the district. These funds ensure that the schools can function on a day-to-day basis. They include:

  • Utilities

  • Supplies

  • Salaries

Interest and Sinking (I&S) funds are used for paying off debt incurred by the school district, typically for:

  • Construction of new school buildings

  • Renovation or major repairs of existing facilities

  • Purchase of large equipment or other capital investments

Voters 65+ and/or Disabled

If I have an approved homestead exemption, why will my ballot read “THIS IS A PROPERTY TAX INCREASE?”

Texas legislature passed laws in 2019 requiring all school bond elections to include the following language on the ballot: “THIS IS A PROPERTY TAX INCREASE.” The state mandates all bond ballots to include this language regardless of what individual exemptions each voter may have. The passage or failure of this bond will NOT impact your school district tax rate.