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Tax Impact
Proposition One | Proposition Two | Both Propositions
Historical Rates | Other Districts
If approved by voters, Proposition One, which is based on a 30-year amortization, is estimated to increase taxes by 4.4 cents per $100 of assessed value. Proposition Two, based on a 15-year amortization, is estimated to increase taxes by 2.5 cents per $100 of assessed value. Should both propositions pass, the total tax increase is estimated to be 6.9 cents per $100 of assessed value.
The estimated impact to homeowners is illustrated in the charts below.
Projected Cost to Homeowner for a 4.4 cent Increase for Voted Bonds
PROPOSITION ONE
|
Home Value
Before Exemptions |
Home Value After State Exemption |
Projected Monthly Tax Increase |
Projected Annual
Tax Increase |
$50,000 |
$35,000 |
$1.28 |
$15.40 |
$100,000 |
$85,000 |
$3.12 |
$37.40 |
$150,000 |
$135,000 |
$4.95 |
$59.40 |
$200,000 |
$185,000 |
$6.78 |
$81.40 |
$250,000 |
$235,000 |
$8.62 |
$103.40 |
$300,000 |
$285,000 |
$10.45 |
$125.40 |
Projected Cost to Homeowner for a 2.5 cent Increase for Voted Bonds
PROPOSITION TWO
|
Home Value
Before Exemptions |
Home Value After State Exemption |
Projected Monthly Tax Increase |
Projected Annual
Tax Increase |
$50,000 |
$35,000 |
$0.73 |
$8.75 |
$100,000 |
$85,000 |
$1.77 |
$21.25 |
$150,000 |
$135,000 |
$2.81 |
$33.75 |
$200,000 |
$185,000 |
$3.85 |
$46.25 |
$250,000 |
$235,000 |
$4.90 |
$58.75 |
$300,000 |
$285,000 |
$5.94 |
$71.25 |
Projected Cost to Homeowner for a 6.9 cent Increase for Voted Bonds
BOTH PROPOSITIONS
|
Home Value
Before Exemptions |
Home Value After State Exemption |
Projected Monthly Tax Increase |
Projected Annual
Tax Increase |
$50,000 |
$35,000 |
$2.01 |
$24.15 |
$100,000 |
$85,000 |
$4.89 |
$58.65 |
$150,000 |
$135,000 |
$7.76 |
$93.15 |
$200,000 |
$185,000 |
$10.63 |
$127.65 |
$250,000 |
$235,000 |
$13.52 |
$162.15 |
$300,000 |
$285,000 |
$16.39 |
$196.65 |
Median home value in WISD is $138,845
PLEASE NOTE: Taxpayers 65 years of age and older who have applied for and received the Age 65 Freeze on their homestead will not pay any additional school taxes on their homes above their frozen level if the election is successful.
District |
2009 M&O
Tax Rate |
2009 I&S Tax Rate |
2009 Total Tax Rate |
Red Oak ISD |
$1.17 |
$0.370 |
$1.540 |
Ennis ISD |
$1.04 |
$0.470 |
$1.510 |
Forney ISD |
$1.04 |
$0.460 |
$1.500 |
Mesquite ISD |
$1.04 |
$0.380 |
$1.420 |
Lancaster ISD |
$1.04 |
$0.378 |
$1.413 |
Midlothian ISD |
$1.04 |
$0.358 |
$1.398 |
Waxahachie ISD |
$1.04 |
$0.320 |
$1.360 |
Terrell ISD |
$1.04 |
$0.270 |
$1.310 |
Corsicana ISD |
$1.04 |
$0.243 |
$1.283 |
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