TAX INFORMATION

Cost Estimate of $136,495,000 Bond Proposal on Average Taxpayer
The estimated tax increase of this bond is 15.48 cents for a total tax rate of $1.44. For a home valued at $100,000, this represents an increase of approximately $11 per month.

The following table shows the projected tax rate impact on homeowners should the bond pass. The amount a homeowner can expect to pay depends on both the tax rate and the value of the home.

Amount of Estimated Tax Increase

  Estimated property tax impact is calculated as follows:

Home Value

Monthly Increase

  Appraised Value: $100,000

$100,000

$10.83

  Exemptions:


$15,000 state exemption + 1% local exemption up to a
maximum of $5,000

$125,000

$14.02

  Taxable Value:

$100,000 - $15,000 - $1,000 (1%) = $84,000

$150,000

$17.22

  Estimated Tax Impact:

$84,000 x .1548/100 = $130.032

$200,000

$23.60

  Estimated Annual Impact $130.032 / 12 months = 10.836/month

$250,000

$29.98

     

Impact on Senior Citizens' Property Taxes
HEB ISD property taxes for senior citizens would not be affected by the bond as long as a homestead and Over 65 exemption application is filed with the Tarrant County Appraisal District, and they have owned the home since January 1, 2011. For information about homestead and Over 65 exemptions, call 817-884-1100. Click here to download a homestead exemption application.

Impact of $136,495,000 Bond on HEB ISD Tax Rate
A school district's tax rate is made up of two parts - Maintenance and Operations (M&O) and Interest and Sinking (I&S). The M&O portion of the tax rate funds the daily operations of the school district. The I&S tax rate pays off debts, like bonds, and funds capital improvements like new schools and renovations.

The estimated tax increase of this bond is 15.48 cents for a total tax rate of $1.44. The chart below graphs the district’s historical tax rates over the last five years. During this time, HEB ISD’s total tax rate has declined by 43 cents, or 25 percent.

Please click on image to enlarge.
Tax Rate Graph

How HEB ISD Compares

District

M&O Rate

I&S Rate

Total Tax Rate

Burleson ISD

$1.04

$0.50

$1.54

Crowley ISD

$1.04

$0.50

$1.54

Keller ISD

$1.04

$0.49

$1.53

EMS ISD

$1.00

$0.50

$1.50

Mansfield ISD

$1.04

$0.46

$1.50

Irving ISD

$1.04

$0.43

$1.47

Birdville ISD

$1.04

$0.39

$1.43

Carroll ISD

$1.04

$0.38

$1.42

Northwest ISD

$1.04

$0.34

$1.38

Arlington ISD

$1.04

$0.30

$1.34

FWISD

$1.04

$0.28

$1.32

GCISD

$1.04

$0.25

$1.29

HEB ISD

$1.04

$0.25

$1.29


























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