Tax Information
Tax Impact
If all propositions on the Callisburg ISD bond referendum pass, the district projects a tax rate impact of $0.1020. For the average home in CISD valued at $270,604, that impact would be $23.02 a month.
Learn more about the district’s tax configuration and previous tax rate history below.
Monthly Impact Based on Home Value
* Monthly impact includes $100,000 homestead exemption. All Texas homeowners are eligible to receive a $100,000 State Homestead Exemption on school taxes. (e.g. $200,000 home value less $100,000 mandatory homestead exemption equals $100,000 in taxable value)
DID YOU KNOW?
Callisburg ISD’s total tax rate has decreased by $0.47 since 2018.
If all 3 propositions on the bond referendum pass, the new total tax rate of $0.8639 would still be lower than rates prior to 2024.
Callisburg ISD has the second lowest tax rate compared to districts in the surrounding area.
If all 3 propositions on the bond referendum pass, the new total tax rate of $0.8639 would still be the second lowest in the area.
In addition, Callisburg ISD has the lowest tax rate when compared to K-12 school districts in the area (Walnut Bend is a K-8 district).
School Finance 101
A school district’s tax rate is comprised of two components: the Maintenance & Operations tax (M&O) and the Interest & Sinking tax (I&S). Bond sales only affect the I&S rate.
How is Callisburg ISD’s tax rate configured?
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+ or Disabled Tax Exemption
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. The tax ceiling is the amount you pay in the year that you qualified for the age 65+ or disabled person exemption. The school district taxes on your residence homestead may go below, but not above, the ceiling amount.
You must apply for this 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 amount if you have an approved homestead exemption.
