Tax Rate Information

Gainesville ISD property taxes for citizens age 65 or older would not be affected by the bond election as long as a homestead and over 65 exemption application have been filed with the local appraisal district. According to state law, 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 improvements are made to the home.

GISD Tax Rate History

Gainesville ISD’s total tax rate has dropped each year since 2012.

For a home valued at $200,000, a tax bill in GISD is $472 lower in 2021 compared to a $200,000 home in 2012. The total tax rate was $1.33 in 2012, and it’s currently down to $1.06. If approved by voters, the maximum tax rate increase would be $0.27, taking the total tax rate back to $1.33, the same rate as 2012. To see the impact on your home, visit the tax impact calculator.
GISD Compared to Other School Districts
Understanding School District Tax Rates

Public school taxes involve two figures, which 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, gas and utilities. The second bucket is the Interest and Sinking budget (I&S), also known as Debt Service, and that is used to repay debt for longer-term capital improvements approved by voters through bond elections.

Proceeds from a bond issue can be used for the construction and renovation of facilities, the acquisition of land and the purchase of capital items such as equipment, technology and transportation. I&S funds cannot by law 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.

Gainesville ISD