POTENTIAL TAX IMPACT

TAX CALCULATORS

65+

NO TAX INCREASE on homesteads for those having Age 65 Homestead Exemption Affidavit or for those with a disability. Significant improvements to a homestead can increase the taxes. For questions on how to apply, visit: morriscad.com or your county's appraisal district website.

GENERAL OPERATING FUND

For schools, this includes:

Salaries

Utilities

Supplies

Repairs

Fuel

For citizens, this is similar to:

Groceries

Utilities

Minor Home Repairs

Routine Services

Car Fuel

Maintenance & Operations

UNDERSTANDING THE TAX RATE

In Texas, school district budgets are funded by two different tax rates, and each rate can only be used for certain types of expenses.

DEBT SERVICES FUND

Interest & Sinking

For schools, this includes:

New Construction

Renovations

HVAC Systems

Roofing

Technology

For citizens, this

is similar to:

Mortgage

Home Renovation

Major Appliances

Land

Car

More questions about school finance and state assistance? Check out the Frequently Asked Questions page.

FAQs