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Tax Rate History

Tax Rate History

 

Tax Year M&O I&S Total Tax Rate
23-24 $0.7492 $0.5000 $1.2492
22-23 $0.9346 $0.5000 $1.4346
21-22 $0.9520 $0.4043 $1.3563
20-21 $0.9953 $0.3800 $1.3753
19-20 $1.0600 $0.4100 $1.6300
18-19 $1.1700 $0.4600 $1.6300
17-18 $1.1700 $0.5000 $1.6700

Tax Rate Definitions

Interest and Sinking Fund (I&S) Tax Rate
The I&S tax rate (also known as the debt service tax rate) generates funds to service the district’s debt; except in very limited circumstances, a district’s maximum I&S rate is $0.50.  I&S funds may only be used for debt service and may not be used for general operations (supplies, salaries, etc.).

Maintenance and Operations (M&O) Tax Rate
The M&O tax rate generates local revenue for maintenance and operations expenditures; this is the general operations of the district.

How Do School Tax Rates Work?