Mansfield ISD’s tax rate is decreasing from $1.1492 to $1.1469 per $100 of certified property value. The board approved the lower tax rate at its meeting on Aug. 27. 

“Our award-winning Business Services Department does a great job of managing our budget to benefit our students and our community,” said Board President Keziah Farrar. “Through prudent fiscal management, Mansfield ISD continues to be good stewards of taxpayer dollars.” 

Under the new tax rate, approximately 78 cents ($0.7869) will go toward the maintenance and operations (M&O) fund, and 36 cents ($.3600) is for the debt service fund. 

The maintenance and operations budget funds daily costs and recurring or consumable expenditures such as teacher and staff salaries, supplies, food, gas and utilities. The debt service fund is used to repay debt for longer-term capital improvements approved by voters through bond elections. MISD’s 2024-25 budget was approved in June. Read more about the budget.