Tax Rate Information
Birdville ISD Tax Rate
The Birdville ISD tax rate will not change as a result of the 2022 bond election.
The 2020–2021 total tax rate was $1.3803 per $100 of taxable value.
The 2021–2022 total tax rate was $1.3380 per $100 of taxable value.
The 2022–2023 total tax rate is $1.2798 per $100 of taxable value.
With the I&S rate at 41.39 cents, the District has been able to pay down existing debt at a faster rate, which has positioned the District to have additional bonding capacity now and in the future to address facility improvements. Since 2014, the Board has approved prepayments of $29 million of bond principal saving taxpayers more than $20.2 million in future interest payments.
About Public School Tax Rates
The first bucket is the Maintenance & Operations (M&O) budget, which funds daily costs and recurring expenditures such as teacher and staff salaries, supplies, insurance and utilities.
The second bucket is the Interest & Sinking (I&S) budget, also known as Debt Service, which is used to repay debt for capital improvements approved by voters through bond elections.
Proceeds from a bond issue can be used for the construction and renovation of facilities, the acquisition of land, and the purchase of capital items such as equipment, technology and transportation. By law, I&S funds cannot be used to pay M&O expenses which means that I&S funds cannot be used to pay teachers or pay for rising costs for utilities and services.
Additional Birdville ISD Tax Information
Birdville ISD’s bond referendum will not increase the property tax rate for homeowners or businesses. However, a new state law requires all school bond referendum propositions to include ballot language that reads “THIS IS A PROPERTY TAX INCREASE.” Passage of the bond package will not result in an increase in the property tax rate, despite the ballot language stating that there will be a tax increase.
