Tax Impact
Tax Impact
Cleburne ISD is proud to announce that the proposed bond does not anticipate to raise the property tax rate. Our tax rate of $1.211900 will remain unchanged.
Curious about how this works? Use our Tax Calculator to see how the bond aligns with your home value.
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Over 65 Homestead Exemption
Cleburne ISD property taxes for citizens ages 65 or older would not be affected by the bond election as long as a homestead and over 65 exemption application has been filed with the local appraisal district.
According to state law, the dollar amount of school taxes for 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 improvements are made to the home.
For more information on the over 65 exemption, visit the Central Appraisal District of Johnson County website.
School Taxes Include Two Tax Rates
Public school taxes involve two figures that divide the school district budget into two “buckets.”
The first bucket is the Maintenance and Operations budget (M&O), which funds daily costs and recurring or consumable expenditures such as teacher and staff salaries, supplies, food and utilities.
The second bucket is the Interest and Sinking Fund (I&S), also known as Debt Service, which is used to repay debt for capital projects approved by voters through bond elections.
Proceeds from a bond issue can be used to renovate facilities, update building infrastructure, and purchase capital items such as equipment, buses, and technology. By law, I&S funds cannot be used to pay M&O expenses, which means that voter-approved bonds cannot be used to increase teacher salaries or pay rising costs for utilities and services.