• Impact to the Average Homeowner

    The 2022 bond proposal does not require a tax rate increase. If approved by voters, the bond projects would be funded by growth in property values on existing homes along with the additional taxes generated from new residential and commercial construction now and in the future. Taxes for citizens 65 and older are frozen and will not increase even if their property values increase. 

    It’s important to remember that ²ÝÁñÉçÇø does not set the value of homes within the district – those decisions are made by the Tarrant Appraisal District.

    New construction and rising property values are estimated to generate enough additional tax revenues that the school district can complete the 2022 bond program without raising the tax rate or tapping into the district’s daily operational budget that funds salaries, supplies, utilities, and other operating expenses.