tax information
THE DENISON ISD I&s TAX RATE WILL not increase IF BOND IS APPROVED
In Texas, school funding primarily comes from local property taxes, state funding, and some federal contributions. Historically, school districts could use their Maintenance & Operations (M&O) funds to cover expenses such as buses, land, technology, and even turf. However, as the state has compressed local tax rates to provide relief to taxpayers, districts are generating less revenue through M&O funds. As a result, many districts now have to hold bond elections to fund these capital expenses, a practice that has become common across the state. Bond elections allow districts to issue debt for major purchases and infrastructure projects, ensuring they can continue to meet the needs of students without relying solely on their operating budgets.
HOW DOES SCHOOL FUNDING WORK?
tax impact from the bond
Financial projections show that with the passage of the May 2025 bond package, there will be no tax rate increase for DISD taxpayers.
homeowners 65 and Older: no tax impact
By state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older cannot be increased above the amount paid in the first year after the person turned 65, regardless of changes in tax rate or property value unless significant improvements are made to the home.
If you are 65 or older, you must file a homestead application at your appraisal district to receive the exemption.
Understanding Bonds
State law requires bonds to be spent on capital items that have a useful life of more than one year.
Examples include:
Facilities and Construction
Land Purchases
Computers/Technology
Library books, etc.
