Tax Information

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.

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For the 2022 tax year, Mansfield ISD’s I&S tax rate is $.36, and the M&O tax rate is $.9746 for a total tax rate of $1.3346 per $100 of certified property value or a decrease in $0.0837 from the prior year.

This tax rate will raise more taxes for Maintenance and Operations than last year's rate. The tax rate will effectively be raised by 3.66 percent and will raise taxes for Maintenance and Operations on a $100,000 home by approximately $34.40.

The table and chart below shows the district’s tax rate for the previous five years.

 

TAX Year	M&O	I&S	Total Tax Rate
2022	$0.9746	$.36	$1.3346
2021	$1.0583	$.36	$1.4183
2020	$0.9564	$0.4900	$1.4464
2019	$0.9700	$0.4900	$1.4600
2018	$1.0400	$0.5000	$1.5400