Tax Information

Public school taxes involve two figures, which divide the school district budget into two “buckets.”

The first bucket is the Maintenance and Operations budget (M&O), which funds daily costs and recurring or consumable expenditures such as teacher and staff salaries, supplies, food and utilities. Approximately 87 percent 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, and 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.

HEB isd tax rate history

In 2022, HEB ISD’s M&O tax rate was $.8742 and the I&S tax rate was $0.2356 for a total tax rate of $1.1098.

Currently, HEB ISD’s M&O tax rate is $.6855 and the I&S tax rate is $0.2356 for a total tax rate of $0.9211. The chart below shows the district’s tax rate over the past ten years.

tax rate comparison

The chart below shows HEB ISD’s 2023-2024 tax rate compared to neighboring districts.

Tax rate impact

While this bond could increase the debt service (I&S) portion of the tax rate by 13.76 cents, the overall school district tax rate is expected to be approximately five cents lower than last year because of state compression on the operations (M&O) portion of the tax rate.

  • The 2022 total tax rate was $1.1098.

  • The 2023 total tax rate is $0.9211.

  • If the bond referendum is approved by voters, the estimated maximum tax impact of this bond is $0.1376 for a total tax rate of $1.0598. That is approximately 5 cents lower than last year’s total tax rate.

  • The potential $0.1376 increase would not occur all at once. If the 13 cent increase is needed, financial advisors estimate that 5 cents could be added in 2024, 7 cents in 2025, and 1 cent in 2027.

School Tax Calculators

School Taxes in 2022 (Pre-Bond)

$1.1098 per $100 of home value

*School Taxes in 2027 (Post-Bond)

$1.0587 per $100 of home value

*Estimated amount for 2027 based on bond approval with anticipated maximum tax rate and new homestead exemption.

With voter approval on the November 2023 bond, the HEB ISD total tax rate is expected to be lower than the 2022 tax rate.

voters over 65

HEB ISD property taxes for citizens aged 65 or older would not be affected by the bond election as long as a homestead and over 65 exemption application have been filed with the local appraisal district.

According to state law, the dollar amount of school taxes for 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 improvements are made to the home.

For more information on the over 65 exemption, visit Tarrant Appraisal District website.