Tax Information

About Public School Tax Rates 

Public school taxes involve two figures, which divide the school district budget into two “buckets.”
The first bucket is the Maintenance and Operations tax (M&O), which funds daily costs and recurring or consumable expenditures, such as teacher and staff salaries, supplies, food and utilities. In fact, more than 75% of the District’s M&O budget goes to teacher and staff salaries.

The second bucket is the Interest and Sinking Fund (I&S), also known as Debt Service, that is used to repay debt for 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. By law, I&S funds cannot 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.

Tax Rate History & Forecast

 
button


 Tax Rate History

tax rate history

Tax Rate Projection

projection

 
Senior Citizens 

According to state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older cannot be increased above the amount paid in the first year after the person turned 65 — regardless of changes in tax rate or property value — unless significant improvements are made to the home.
 
Homeowners age 65 and older can apply for a homestead exemption with the Hidalgo County Appraisal District. https://www.hidalgocounty.us/129/Forms
 
For more information on the over-65 exemption, visit the Hidalgo County Appraisal District website. http://www.hidalgoad.org/