Tax & Financial Impact

Financial Impact

  • It is estimated the district’s tax rate would increase from $1.0002 to $1.0792 after Willis ISD sells all bonds. This is an increase of 7.9 cents per $100 of property value.

    That equates to a $11.11 monthly increase on a home valued at approximately $268,000.

  • 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

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 taxes 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.

     

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    Willis ISD has reduced the school tax rate by $.388 since 2018