Austin ISD Board of Trustees Lowers I&S Tax Rate
Local school taxes make up a big part of a homeowner’s property tax bill. The tax bill is broken into two parts: Maintenance and Operations (M&O) covers operating costs like salaries, benefits and utility bills; Interest and Sinking (I&S) covers interest on bond debt for facilities.
In August, AISD reduced its I&S tax rate to 0.1430 per one hundred dollars of assessed valuation for 2014 the tax year. Compared to other school districts in the region, AISD has the second lowest overall property tax rate, at $1.2220 per $100 of valuation.