BOND APPROVED

The 2018 Bond Program was approved by voters on November 6, 2018. All of the projects were included in one proposition.

 

 

NBISD Bond 2018

Bond 2018 Potential Tax Impact

Bond 2018 Potential Tax Impact


NOTE: These are projections. The tax rate may increase at a lower rate or not at all.

  • 0-cent up to 4-cent tax increase per $100 valuation of residence
  • Highest rate potentially in 5th year at 4 cents
  • Drop back down in 6th year with steady decrease

RESIDENTS 65 YEARS OF AGE OR OLDER WOULD NOT SEE A TAX INCREASE

 

Year M&O
Tax Rate
Projected
I&S Tax Rate
Total
Tax Rate
Estimated Change
in Total Tax Rate
Estimated Total
Tax Rate Increase
2019-20 $1.04 $0.3390 $1.3790 $0.0132 $0.0132
2020-21 $1.04 $0.3444 $1.3844 $0.0054 $0.0186
2021-22 $1.04 $0.3553 $1.3953 $0.0109 $0.0295
2022-23 $1.04 $0.3633 $1.4033 $0.0080 $0.0375
2023-24 $1.04 $0.3668 $1.4068 $0.0035 $0.0410
2024-25 $1.04 $0.3633 $1.4033 -$0.0035 $0.0375 (No Increase)

1 cent increase equals to $10 more in I&S taxes per year for every $100,000 of appraised value of your home.

Updated: July 3, 2018

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