Northwest ISD Tax Rate
The Northwest ISD Board of Trustees approved a combined tax rate of $1.42 per $100 property valuation in 2019 following a tax rate compression adopted by the state legislature as part of House Bill 3. A school district’s local tax effort is generated from property tax (not sales tax). Each year a school district adopts two tax rates – Maintenance and Operations (M&O) and Interest and Sinking (I&S). Following is the approved tax rate for Northwest ISD.
| M&O |
+ |
I&S |
= |
Total |
| $.97 |
$.45 |
$1.42 |
Maintenance and Operations (M&O)
- Approved by the Board of Trustees.
- Funds the day-to-day maintenance and operations of the district.
- Salaries (for teachers and other staff)
- Facility repairs and maintenance
- Bus repairs, maintenance and fuel
- Food services
- School supplies and materials
- Utilities (electricity, water, etc.)
Interest and Sinking (I&S)
- Approved by local tax payers.
- Funds debt repayment for longer-term capital improvements approved by voters. By law, I&S funds cannot be used for teacher salaries or to pay the rising costs for utilities and services.
- New building construction
- Existing building renovations
- Land purchases
- Program-specific equipment
- Technology
- School buses