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Tax Rate Information
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Legislative action has mandated the publication of this
statement. The statement relates only to the maintenance
and operations (M&O) portion of the tax rate. It does
not address the interest and sinking (I&S) portion of
the tax rate. I&S taxes are used for payment of bonds
authorized by the voters of the District.
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The tax rate in the
Bandera ISD is not changing after the Board of Trustees
approved to lower the tax rate to $1.19 per $100
valuation at a Regular Meeting held on September 13,
2010. The Board voted unanimously to lower the tax rate. The tax rate
adopted includes a Maintenance & Operations rate of
$1.04 and an Interest & Sinking Fund rate of $.15. The
Interest & Sinking Fund tax revenue is used to pay for
bonded indebtedness on construction, equipment, or both.
The bonds, and the tax rate necessary to pay those
bonds, were previously approved by the voters of Bandera ISD. |