Tax & Finance

Financial Impact

If voters approve all three propositions on the ballot, the potential increase is 1 cent to the I&S tax rate.

For a visual representation of M&O and I&S, visit the FAQ section at the bottom of this page.

How will this impact you?

Click on the button below to test out our Bond 2024 calculator!

Tax Rate History

The Willis ISD Board of Trustees has managed to maintain a fiscally conservative tax rate, lowering the overall tax rate by more than 31 cents over the last six years.

Homeowners Over 65

Homeowners over the age of 65 who have filed their Homestead Exemption with the appraisal district will not see an increase in property tax rates associated with this bond.

Willis ISD does not set property values, only the school district tax rate. The Montgomery Central Appraisal District or the San Jacinto County Appraisal District determines property values.

Frequently Asked Questions

How can bond funds be used?

Bond funds can be used to pay for:

New buildings, additions, and renovations to existing facilities
Land acquisition
Technology infrastructure
Technology devices
Equipment for new or existing buildings
Buses
District vehicles

Bond funds cannot be used for:

Salaries
Operating costs (utility bills, supplies, building maintenance, fuel, and insurance)

How does M&O and I&S work?

Maintenance & Operations (M&O) Rate

Funds the daily operations or recurring costs of the district:

Staff salaries
School supplies/materials
Bus repairs/maintenance/fuel
Utilities

Interest & Sinking (I&S) Rate

Used to pay annual debt payments approved by voters through bond elections:

New building construction
Existing building renovations
School buses
Technology

Has the district considered inflation?

Yes, we have been monitoring public and commercial construction projects and costs in other school districts. During the Long-Range Facility Planning Committee process, the committee heard from industry experts and district leaders who provided information on the best costs possible in the current climate. We have planned for inflation by including funds for escalation and contingency in our bond project budgets.

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