Our Schools

Tax Information

Mansfield ISD adopted a tax rate that will raise more taxes for maintenance and operations than last year's tax rate. The tax rate will effectively be raised by 19.43% and will raise taxes for maintenance and operations on a $100,000 home by approximately $172.19.

Tax rate notification wording part 1

Tax rate notification wording part 2

For more information, please visit the MISD Penny Swap website.

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.

For the 2021 tax year, Mansfield ISD’s I&S tax rate is $.36, and the M&O tax rate is $1.0583 for a total tax rate of $1.4183 per $100 of certified property value or a decrease in $.0281 from the prior year, pending the Voter-Approve Tax Rate Election on November 2, 2021. The table below shows the district’s tax rate for the previous five years.

TAX Year

M&O

I&S

Total Tax Rate

2020 $0.9564 $0.4900 $1.4464
2019 $0.9700 $0.4900 $1.4600

2018

$1.0400

$0.5000

$1.5400

2017 $1.0400 $0.5000 $1.5400

2016

$1.0400

$0.4700

$1.5100

Order Calling and Setting Voter-Approval Tax Rate Election (VATRE)