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Understanding the Tax Rate

A school district's total tax rate is made up of two parts, which divide the school district budget into two “buckets” - the maintenance and operations (M&O) rate and the interest and sinking (I&S) rate. Each has a designated purpose and budget.

M&O Tax Rate vs. I&S Tax Rate:

The M&O budget is used for daily operations of the district, including utilities, salaries, supplies, repairs, and fuel.

The I&S budget is used to repay debt for capital improvements through voter-approved bonds. These improvements include new construction, renovations, HVAC and roofing replacements, land purchase, furniture, and technology.

Bond elections only affect the I&S tax rate. Funds from a bond CANNOT be used as part of the M&O budget or to increase salaries. 

Maintenance & Operations
  • Utilities
  • Salaries
  • Supplies
  • Repairs
  • Fuel
Interest & Sinking
  • Construction
  • Renovation
  • Roofing
  • HVAC
  • Land
Bond elections affect the I&S portion of the tax rate.


If the Bond is approved in November, the estimated impact would be a $10 per month increase over the 2022-2023 tax rate for a home with a taxable value of $300,000 ($340,000 home value) assuming the current homestead exemption of $40,000.

Based on the projected new homestead exemption amount of $100,000, the impact on a home with the taxable value of $240,000 ($340,000 home value) would be $8/month.

No Tax Impact for Residents 65 and Older

Under state law, as long as a homestead and over 65 exemption application have been filed with the local appraisal district, the dollar amount of school taxes imposed on the residence homestead of 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 significant improvements are made to the home, increasing the overall value. For more information, click here.

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Bond Tax Impact
Click image to download exemption application
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*Local taxing units include city, county, school and special services such as community college, hospital and road.

Property Tax vs. District Tax Rate


Your property taxes are locally assessed taxes determined by numerous taxing units and the county appraisal district. 

Various local taxing units (LTU)*, including the school district, establish individual budgets and tax rates which, combined with the appraised value of your home, make up your overall property tax rate amount. 

Your home appraisal value typically changes yearly and is set by your county's appraisal district. Poolville ISD has no authority on your home appraisal value and cannot raise or lower your appraised value. 

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