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TAX INFORMATION

Tax Rates in New Braunfels ISD

The majority of funding for New Braunfels ISD comes from local property taxes. A school district's property tax rate is comprised of Maintenance and Operations (M&O) tax rate and an Interest and Sinking (I&S) tax rate. M&O funds the daily operational costs of a school district and is currently $1.0133 in New Braunfels ISD. I&S is often referred to as the debt service tax rate and provides funds for payments on the voter approved debt that finances a district's facilities. Currently, the I&S tax rate in New Braunfels ISD is $0.32580.

The M&O rate is used to operate the school district, including salaries, utilities, furniture, supplies, food, gas, etc. The I&S rate is used to pay off school construction bonds. Bond sales only affect the I&S rate.

NO TAX IMPACT for Citizens Over the Age of 65

The State Property Tax Code allows for school property taxes on an individual homestead to be "frozen" at the age of 65. If you are 65 years of age or older and you have filed for the "Over 65 Homestead Exemption," there is a capped amount of school taxes to be paid. The only exception is if improvements are to be made to the home. Please contact the Comal County Appraisal District if you have questions regarding the Over 65 Homestead Exemption. For a copy of the Homestead Exemption Form, please click here. 


How will the bond affect my taxes? 

With a $62,799,420 bond, NBISD is projecting a 0 cent to 1 ½ cent tax increase per $100 of valuation.

 $100,000 Valuation
$200,000 Valuation 
$300,000 Valuation 
$400,000 Valuation 
 $0 - $15 annually  $0 - $30 annually  $0 - $45 annually $0 - $60 annually 

 

Updated: Aug. 4, 2015

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