Cost Estimate of $515 Million Bond Proposal on Average Taxpayer
The average home in SAISD is valued at $80,882. If a $515 million bond election is approved, property owners would not see any related tax increases until 2012, when the average homeowner would pay an additional $1.58 a month.
When bond payments peak in 2027, the average homeowner would see a tax increase of $9.97 per month.
Note that even with increases from a $515 million bond, the total tax rate would still be lower than it was in 2007.
Impact on Senior Citizens' Property Taxes
SAISD property taxes for senior citizens would not be affected by the bond as long as a homestead and Over 65 exemption application is filed with the Bexar Appraisal District and they have owned the home since January 1, 2010. For information about homestead and Over 65 exemptions, call 242-2432 or log onto www.bcad.org.
Click here to download a homestead exemption application.
Impact of $515M Bond on
SAISD Tax Rate
A school district's tax rate is made up of two parts - Maintenance and Operations/(M&O) and Interest and Sinking (I&S). The M&O portion of the tax rate funds the daily operations of a school district. The I&S tax rate pays off debts, like bonds, and funds capital improvements like new schools and renovations.
The following table shows the projected tax rate impact on homeowners should the bond pass. The amount a homeowner can expect to pay depends on both the tax rate and the value of the home.
If the $515 million bond passes, the peak tax rate of $1.46 would be significantly less than the 2007 tax rate of $1.58.