Tax Information

A 12 cent tax rate impact will be associated with the May 4, 2024, Rivercrest ISD Bond Election.

No Tax Rate Impact for Voters 65+ and/or Disabled

Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older cannot be increased above the amount paid in the first year after the person turned 65 or became disabled. This freeze applies regardless of changes in tax rate or property value, unless there are new improvements/additions to the homestead.

YOU MUST APPLY FOR THIS EXEMPTION.

How is Rivercrest ISD’s tax rate configured?

A school district’s tax rate is comprised of two components: the Maintenance & Operations tax (M&O) and the Interest & Sinking tax (I&S). The M&O rate is used to operate the school district, including salaries, utilities, furniture, supplies, food, gas, etc. The I&S rate is used to pay off school construction bonds. Bond sales only affect the I&S rate.

For the average home value of $113,462 in Rivercrest ISD, there will be a monthly impact of $2 if the bond referendum passes.

Calculate the monthly impact according to your home value:

  • Rivercrest ISD has decreased taxes by 42 cents since 2005.

  • If the bond passes, the 2024/25 tax rate will be lower than the rate was in 2021/22.