Tax Impact
If all three propositions pass, the district projects a total tax rate impact of $0.067 (6.7 cents).
For a $200,000 home, that’s $3.35 per month.
Table includes combined tax impact for prop A, B, & C.
How will each proposition impact me, individually?
Let’s take a further look…
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A home worth $200,000 (with a $140,000 homestead exemption) would result in the following monthly impact:
Prop A - $0
Prop B - $2.16 per month
Prop C - $1.19 per month
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A home worth $300,000 (with a $140,000 homestead exemption) would result in the following monthly impact:
Prop A - $0
Prop B - $5.75 per month
Prop C - $3.17 per month
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A home worth $400,000 (with a $140,000 homestead exemption) would result in the following impact:
Prop A - $0
Prop B - $9.34 per month
Prop C - $5.16 per month
Mildred ISD’S Tax Rate History
$0.29 (29-cent) decrease since 2020.
District Tax Rate Comparison
Mildred ISD tax rate compared to surrounding districts.
Voters 65+ or Disabled
Tax Exemption
If you qualify for an age 65+ or disabled person residence homestead exemption, the school district taxes on your residence homestead cannot increase above your approved tax ceiling - as long as you own and live in the home and do not make any improvements/additions. The tax ceiling is the amount you paid in the year you qualified for the exemption. While your school district taxes may decrease, they cannot increase above your tax ceiling.
Ballot Language
Why will your ballot read “THIS IS A PROPERTY TAX INCREASE” if you have an approved homestead exemption?
Texas Legislature passed laws in 2019 requiring all school bond elections to include the following language on the ballot: “THIS IS A PROPERTY TAX INCREASE”. The state mandates all bond ballots to include this language, regardless of what individual exemptions each voter may have.
School Finance:
Bond funds are legally restricted and can only be used for construction, renovations, land purchases, buses, and other voter-approved projects. They cannot be used for teacher or staff salaries, utilities, or daily operating costs.
Have a question about the bond? Submit a question using this form, and Mildred ISD will get back to you as soon as possible.