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Tax Rate Information

Public school taxes involve two figures, which divide the school district budget into two “buckets.” The first bucket is the Maintenance and Operations budget (M&O), which funds daily costs and recurring or consumable expenditures such as teacher and staff salaries, supplies, utilities, etc. Approximately 85 percent of the district’s M&O budget goes to teacher and staff salaries. The second bucket is the Interest and Sinking budget (I&S), also known as Debt Service, and that is used to repay debt for longer-term capital improvements approved by voters through bond elections.

Proceeds from a bond issue can be used for the construction and renovation of facilities, the acquisition of land and the purchase of capital items such as equipment, technology and transportation. By law, I&S funds cannot be used to pay M&O expenses, which means that voter-approved bonds cannot be used to increase teacher salaries or pay rising costs for utilities and services.

Eagle Mountain-Saginaw ISD’s I&S tax rate is $0.37 and the M&O tax rate is $1.17, for a total tax rate of $1.54 per $100 of certified property value.

Senior Citizens’ Property Taxes

Citizens age 65 or older can  with the 

According to 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 – regardless of changes in tax rate or property value – unless significant improvements are made to the home.

For more information on the over 65 exemption, visit website or the 

The November 7, 2017, bond election in Eagle Mountain-Saginaw ISD will have no impact on the school District tax rate. The overall tax rate will be $1.54 regardless of the election outcome.