Austin ISD homeowners may see a decrease in their property tax bill as the district adopted a slightly lower tax rate for fiscal year 2025-26.
What happened: The AISD board of trustees approved a tax rate of $0.9252 per $100 valuation at a Sept. 25 meeting. Additionally, the board voted to continue offering a partial tax exemption for historical landmarks.
The overview: The board approved a maintenance and operations, or M&O, tax rate of $0.8022 per $100 valuation, which is $0.0253 lower than the FY 2024-25 M&O tax rate of $0.8275 per $100 valuation.
The interest and sinking, or I&S, tax rate will remain at $0.123 per $100 valuation, making for a combined tax rate of $0.9252 per $100 valuation.
The impact: In a Nov. 4 election, Texas voters will decide whether to raise the statewide homestead exemption from $100,000 to $140,000. If approved, an AISD homeowner with an average taxable value of $517,514 would be expected to pay $3,493 in annual property taxes, which is a $864 decrease from the previous fiscal year.
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