School Finance Property Tax Policy Information
A school district's property tax rate is made up of a maintenance and operations (M&O) tax rate and, if applicable, an interest and sinking (I&S) tax rate. The M&O tax rate provides funds for maintenance and operations, and the I&S tax rate provides funds for payments on the debt that finances a district's facilities. The calculation of state funding for school districts is tied to tax effort; thus tax rates provide an essential component in the state’s school finance formulas.
Adjustment to the Regular Program Adjustment Factor (RPAF): "Smoothing" Provision in Senate Bill 1
Authority of a School District to Set Property Tax Rates Under Section 26.08, Tax Code (RQ-0839-GA)
Texas Association of School Boards (TASB) Memos
Additional Tax Information
For more information, contact:
Office of School Finance
Page last modified on 6/28/2012 01:26:44 PM.