FORT BEND ISD Voter-Approval Tax Rate Election
What is a V-A-T-R-E? A VATRE is an election required by the State Legislature to approve a tax increase that generates additional revenue for public schools for the purpose of maintenance and operations.
What is the difference between a Bond and a VATRE?
I’m over 65, will my taxes go up? If VATRE passes, your property taxes WILL NOT go up for people
2023 Tax Rate with 7.55¢ VATRE $1.21
2022 Tax Rate $1.21
Bond money can only be used for facilities and assets, including facility construction and renovation, technology, school buses, equipment and property. Bond funds cannot be used for employee compensation or day-to-day operations. School district property taxes have two components: the Maintenance and Operations tax rate (M&O) and the Interest and Sinking tax rate (I&S). The VATRE would affect the M&O tax rate, which funds teacher and staff compensation and all school district operations. The I&S tax rate is strictly used to pay off bond debt and cannot be used for anything else.
over 65 or who have disabled exemptions.
$0.27 I&S
$0.29 I&S
$0.94 M&O
$0.92 M&O
SUSTAINING THE TAX RATE
Additional Police Officers Additional Teacher & Staff Compensation
Powered by FlippingBook