Taxes & Debt

Taxes

There are two tax rates set for school districts in Texas. Maintenance and Operation is the rate applied to the tax base to support the general fund budget. Interest and Sinking is the rate applied to the tax base to cover debt service for the bonds approved by taxpayers. The M&O tax rate is subject to recapture, but the I&S tax rate is not. For information about how property taxes are collected in Travis County, visit the Travis Central Appraisal District website.

Austin ISD: Property Tax Rate per $100 Valuation, Fiscal Years 2015–19

Tax Rates FY2015
Adopted
FY2016
Adopted
FY2017
Adopted
FY2018
Adopted
FY2019
Adopted
M&O $1.079 $1.079 $1.079 $1.079 $1.079
I&S $0.143 $0.123 $0.113 $0.113 $0.113
Total Tax Rate $1.222 per $100 of taxable value $1.202 per $100 of taxable value $1.192 per $100 of taxable value $1.192 per $100 of taxable value $1.192 per $100 of taxable value

FY2019 Effective Maintenance and Operations Rate = $1.3081 per $100 of taxable value
FY2019 Rollback Rate (lower) = $1.0790 per $100 of taxable value

To see how the school tax portion of your annual property taxes pay for all the services provided by Austin ISD, visit the Tax Rate Calculator.

Property Tax Rate Per $100 of Taxable Value Over Nine Years

The total tax rate has remained flat the last three years. In the 2007 fiscal year, the total tax rate was $1.493, which is $0.301 more than today's total tax rate of $1.1920. The 2019 fiscal year Interest & Sinking portion is $0.113 of every $100, and $1.079 of every $100 goes to Maintenance & Operations.                                      

FY2019 Austin Area School District Property Tax Rates

The chart below shows how Austin ISD's property tax rates compare with surrounding school districts' tax rates. For FY2019 and FY2018 AISD remains static with M&O tax rate at $1.079 and I&S tax rate at $0.113 making it a total of $1.192 per $100 of taxable value, the lowest rate of the schools shown, while Pflugerville ISD has the highest total tax rate of $1.54 per $100 of taxable value.

 

Prior to FY2007, Austin ISD had set the M&O tax rate at $1.50 for four consecutive years. In 2006, when the legislature implemented HB1, M&O tax rates were compressed to 88.67 percent of previous levels in FY2007, and then again to 66.67 percent in FY2008. The bill also allowed districts to access four additional pennies of M&O without voter approval, resulting in the district adopting M&O tax rates of $1.37 and $1.04 for FY2007 and FY2008, respectively.

The May 2013 voter approved bond propositions are funded through the I&S tax rate. However, due to the increase in local property values and the fact I&S collections are not subject to recapture, the I&S rate will remain flat in FY2019.

Debt

Austin ISD has earned the highest ratings for budget management from Moody’s Investors Service, Standard & Poor’s and Fitch Ratings. AISD also carries the highest bond and state financial accountability ratings that school districts can earn in the state of Texas. The links below provide information about AISD bonds and debt obligations.