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Financial Impact

The projected tax rate impact for the upcoming bond election is:

  • Proposition A only ($50 million): +6.96 cents for a total tax rate of $0.9998
  • Proposition B only ($45 million): +6.27 cents for a total tax rate of $0.9929
  • Propositions A & B ($95 million*): +13.23 cents for a total tax rate of $1.0625
    • 2025: $40 million
    • 2027: $30 million
    • 2029: $25 million

*The bonds will be sold as needed for the projects and as the District's values increase. Exact amounts and time of sales are subject to change.

 

  • The following table shows how the potential tax increase will impact your tax bill, depending on the value of your homestead if both Proposition A and B are passed. *Use the appropriate taxable value if you are not eligible for the homestead exemption.

  • This shows the estimate of how much your tax bill would increase and what the impact would be monthly for those who escrow their taxes.

  • For example: A homestead assessed at $250,000 (taxable value of $150,000 after exemption) will have a tax difference of $16.54 per month, or $198.45 per year, in 2025 vs. 2024.

 

The following table shows how the potential tax increase will impact your tax bill, depending on the value of your homestead if Proposition A ONLY is passed. *Use the appropriate taxable value if you are not eligible for the homestead exemption.

 

The following table shows how the potential tax increase will impact your tax bill, depending on the value of your homestead if Proposition B ONLY is passed. *Use the appropriate taxable value if you are not eligible for the homestead exemption.

 

 

 

Importantly, there will be no increase over the taxpayer’s frozen dollar amount on the homesteads of taxpayers aged 65 years and older who have applied for and received the "Age 65 or Older Exemption." Additionally, due to the recently increased homestead exemption, homesteads with an appraised value of $100,000 or less will not pay any school taxes to Tarkington ISD.