Our Schools

Tax Information

Tax Rate Notification

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, food, gas and utilities. 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.

Currently, Mansfield ISD’s I&S tax rate is $0.47 and the M&O tax rate is $1.04 for a total tax rate of $1.51 per $100 of certified property value. The table below shows the district’s tax rate over the past 5 years.

Fiscal Year

M&O

I&S

Total Tax Rate

2017

$1.04

$0.50

$1.54

2016

$1.04

$0.47

$1.51

2015

$1.04

$0.4871

$1.5271

2014

$1.04

$0.4871

$1.5271

2013

$1.04

$0.50

$1.54