Mansfield Independent School District
Mansfield Independent School DistrictTax 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.
For the 2023 tax year, Mansfield ISD’s I&S tax rate is $0.36, and the M&O tax rate is $0.7892 for a total tax rate of $1.1492 per $100 of certified property values or a decrease of $0.1854 from the prior year.
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 |
|---|---|---|---|
| 2023 | $0.7892 | $.36 | $1.1492 |
| 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 |