There will be an 18 cent tax impact associated with the Whitesboro ISD Bond if both propositions pass.
65+ IMPORTANT MESSAGE BELOW
There will be No Tax Rate Impact for Voters 65+ and/or Disabled
Under 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 or became disabled. This freeze applies regardless of changes in tax rate or property value, unless there are new improvements/additions to the homestead.
YOU MUST APPLY FOR THIS EXEMPTION.
How is Whitesboro 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.
For the average home value of $279,775 in Whitesboro ISD, there will be a monthly impact of $27.12 if both propositions on the bond referendum pass.
Whitesboro ISD Tax Rate History
The Whitesboro ISD tax rate has decreased by approximately 90 cents since 2000.
If the bond passes, the new 2024 tax rate will be $1.1335, which is lower than the 2022 tax rate.