Skip To Main Content

TAX INFO

TAX RATE INFORMATION
 
Poteet ISD Tax Rate History

Poteet ISD has reduced its total tax rate by 19-cent over the past 5 years.
SCHOOL DISTRICT TAXES INCLUDE TWO TAX RATES

The Texas public school tax rate is made up of two separate rates, which divides the school district's 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 and utilities. 

The second bucket is the Interest and Sinking Fund (I&S), also known as Debt Service, and that is used to repay debt for 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 infrastructure. By law, I&S funds cannot be used to pay M&O expenses, which means that voter-approved bonds cannot be used to increase teacher salaries and/or pay rising costs for utilities and services.

It is estimated the district’s tax rate would increase from $1.2039 to $1.2422 after all bonds are sold by Poteet ISD – an increase of 3.8 cents per $100 of property value.

That equates to a $1.60 monthly or $19.16 annual increase on a home valued at $150,000.

Bonds will be sold as needed to fund scheduled projects. If the bond package is approved by voters, a schedule of projects will be developed by the district.

TAX CEILING FOR RESIDENTS OVER 65

A black background with red text Description automatically generated

For residents 65-years and older, school district tax bills will not increase, even if their property values increase (excluding significant property improvements) as long as an approved Homestead and Over-65 Exemption application is on file with the appropriate county appraisal district, and the property has been owned as of January 1 of the tax year.

FREQUENTLY ASKED QUESTIONS

Why is my tax bill higher if the tax rate has gone down?

Even though the Poteet ISD tax rate has been reduced by 19 cents over the last few years, your taxes are or may be higher due to the overall property value growth, not the tax rate. Your home value is set by the Atascosa Central Appraisal District, and when your home value increases, so does your bill.