HALLSVILLE ISD 2024-25 PROPERTY TAX RATE
$.7782 per $100 Valuation
Maintenance and Operations (M&O) - $0.6832
Debt Service (I&S) - $0.0950
- This year's adopted tax rate does not exceed the no-new-revenue tax rate and the adoption of an ordinance, resolution, or order setting the tax rate does not require language about "tax increase" as stated in Section 26.05(b) of the Property Tax Code.
- Texas Transparency and Truth-In-Taxation information can be found at: https://comptroller.texas.gov/taxes/property-tax/truth-in-taxation/index.php
- 2024 Public Notice of Budget and Proposed Tax Rates (file attached)
SCHOOL FUNDING
The Hallsville ISD fiscal year begins on September 1 each year. The Board of Trustees adopts a budget for the general operating, food service, bond, and debt service funds each August at a public hearing to adopt the budget and tax rate. Texas school districts are funded by three major sources: Federal, State, and Local.
Two factors drive school finance in Texas: enrollment, and local property values. A school district tax rate has two distinct components which, added together, make up the annual school tax rate.
- Maintenance and Operations (M&O) funds are used to fund the day-to-day operations of a school district, including teacher and staff salaries; utilities; student services and curriculum; professional development; and facility maintenance and management.
- Interest and Sinking (I&S), or Debt Service, funds are generated from the sale of voter-approved bonds. These funds are restricted for use only for projects such as the construction of new facilities; additions and renovations to existing facilities; safety and security projects; and purchase of capital expense items such as buses and large technology expenses.
School property taxes are set by an annual M&O plus I&S tax rate approved by the district’s Board of Trustees. Actual property values are determined annually by local appraisal districts. School districts have no control over and do not set local property values.
