There are two sides of the CCISD tax rate. The Maintenance & Operations (M&O) tax rate is $1.04. The revenue from this pays for salaries, utilities, routine maintenance and other day-to-day operations. The State regulates what the district can keep from this side. When local property values increase, the state reduces its payment to the school district.
The Interest & Sinking (I&S) tax rate is $0.36. The revenue from this tax is what the district would use to pay for this bond program. By law, the revenue can only be used for capital improvements and cannot be used for reoccurring expenses such as salaries and utilities. All the revenue generated from this tax rate stays in CCISD. The State cannot take it and redistribute it for other school districts or state expenditures.
The proposed tax rate increase is $0.035 on the I&S tax rate. Based on a median home value of $223,635 in CCISD, a homeowner would see a $5.47 increase per month or $65.61 per year.
A tax impact calculator is available below where a homeowner can input his or her home value and calculate the specific tax rate increase.
Current Tax Rate $1.40 per $100 valuation
CCISD has one of the lowest tax rates in the Greater Houston Area