Zero Tax Rate Increase!
*
Zero Tax Rate Increase! *
Tax & Financial Information
If approved by voters, the 2025 Bond will not result in an increase to the current tax rate.
Zero Tax Rate Increase
This ensures minimal financial impact on the community. Marble Falls ISD’s tax rate will remain stable at 0.89¢, supporting both new and ongoing projects. This approach leverages existing tax capacity to enhance district facilities and meet student needs without additional taxpayer burden.
The proposed bond can be funded without raising the current tax rate!
Homestead Exemptions
For residents 65 years and older, their school district tax bill will not increase, even if their property value rises (excluding property improvements), as long as they have an approved Homestead and Over-65 Exemption application on file with the Marble Falls Central Appraisal District. The property must also be owned as of January 1st of the tax year.
Factors that contribute to Marble Falls ability to issue bonds without increasing the districts tax rate:
PAYING DOWN DEBT
Due to the district's responsible approach to paying off debt early, Marble Falls ISD has achieved outstanding financial ratings and maintained a low tax rate.
FISCAL RESPONSIBILITY
Marble Falls ISD has effectively used market conditions to restructure debt and secure low interest rates, freeing up resources for educational improvements.
Explaining the Ballot:
In 2019, a new law for School Districts was imposed in Education Code §45.003(b-1), which adds an additional sentence to the ballot proposition:
“THIS IS A PROPERTY TAX INCREASE.”
The Texas Attorney General said this statement cannot be modified. The MFISD current tax rate will NOT be increased by the proposed 2025 bond propositions and will remain at 21.53¢.
Bonds are supported by the Interest & Sinking (I&S) fund portion of the tax rate.
BALLOT EXAMPLE:
PROPOSITION A
THE ISSUANCE OF $_________________ OF BONDS BY THE MARBLE FALLS INDEPENDENT SCHOOL DISTRICT FOR SCHOOL FACILITIES AND THE LEVYING OF A TAX IN PAYMENT THEREOF. THIS IS A PROPERTY TAX INCREASE.
Did You Know that Marble Falls ISD has Lowered the Overall Tax Rate?
Marble Falls ISD's tax rate has been reduced by 30% over the last 10 years, reflecting the district's commitment to managing taxpayer resources efficiently while continuing to support quality education.
Did You Know that Marble Falls ISD has One of the Lowest Tax Rates in the Hill Country Area?
Marble Falls ISD's tax rate is lower than about 69% of the surrounding districts.
Current Tax Rate
The total tax rate applies to each $100 of your property’s assessed value, meaning the combined M&O and I&S tax rates are multiplied by your property value (per $100) to determine your annual property tax contribution to the school district.
Understanding the Tax Rate
Marble Falls ISD's budget is split into two parts: Maintenance and Operations (M&O) and Interest and Sinking (I&S). Each has a specific job.
The M&O fund pays for the district’s daily needs. This includes teacher and staff pay, classroom supplies, electricity, and bus services. It’s what keeps the schools running every day.
The I&S fund, or Bond Funds, pays off debt from voter-approved bonds. This money is used for big projects like building new schools, fixing up old ones, and buying land or equipment. It can’t be used for things like salaries or utility bills.
The M&O fund handles daily costs, while the I&S fund supports long-term projects. Together, they help Marble Falls ISD run smoothly now and prepare for the future.
The district’s tax rates are $0.67 for M&O and $0.21 for I&S, totaling $1.34 per $100 of property value.
