Tax information

NO TAX RATE INCREASE

The proposed bond will not increase the District’s total tax rate of $1.64.  The tax rate has been $1.64 since 2010-2011.

ABOUT SCHOOL TAX RATES

Per state law, public schools divide their budgets into 2 “buckets.”

1. The first “bucket” is the Maintenance and Operations budget (M&O), which funds the daily expenses of the district, including salaries, supplies, utilities, and materials.
2. The second “bucket” is the Interest and Sinking budget (I&S), which is used to repay debt for long-term capital improvements that are approved by voters through bond elections.

Proceeds from a bond issue can only be used for construction, renovation, purchasing land, and capital items, such as technology and buses. I&S funds cannot be used to pay for M&O expenses.

CELINA ISD TAX RATE

Celina ISD’s I&S tax rate is $0.50 and the M&O tax rate is $1.14 for a total tax rate of $1.64 per $100 of certified property value.

TAX RATE HISTORY

The chart below shows the District’s tax rate over the past 10 years.

SENIOR CITIZENS’ PROPERTY TAXES

By law, if you have applied for and receive an Age 65 or Older Exemption, your homestead taxes cannot be raised above the frozen level unless you make significant improvements or additions to your home.  A significant improvement would be anything beyond normal repair or maintenance, such as building a swimming pool or adding a game room to your home.

For more information on the Age 65 or Older Exemption, please visit your county appraisal district:

Collin County Appraisal District

Denton County Appraisal District

Grayson Central Appraisal District

The May 4 bond election in Celina ISD will not increase the school district’s tax rate.