Projected Tax Impact
NO INCREASE IN TAXES above the frozen tax level of homesteads for those having an Age 65+/disabled Homestead Exemption in place. Significant improvements to a homestead can increase the taxes. For questions on how to apply, visit www.briscoecad.org
If this is your primary residence, you may qualify for the Texas Homestead Exemption, which lowers the taxable value of your home by up to $140,000.
Projected Ag Land
Tax Impact Chart
School Finance 101
Public school taxes involve two figures which divide the school district’s budget into two “buckets.” The first is the Maintenance & Operations (M&O) budget, also known as the General Fund. The M&O fund is used to pay for the day-to-day operations of a district and includes items such as salaries, utilities, food, gas, supplies, etc. A majority of the district's M&O budget is spent on salaries including teacher compensation, benefits, and related costs.​
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The second is the Interest & Sinking (I&S) budget or Debt Service. This fund is used to repay debt for capital improvements approved by voters through bond elections. As a comparison, this fund is similar to a mortgage or home improvement loan. I&S funds may only be used to repay debt.
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 technology and transportation. By law, voter-approved bonds cannot be used to increase salaries or to pay rising costs of utilities or services.