By the numbers
The new tax rate is roughly 5 cents lower than the prior year, at $0.8686 per $100 valuation. The new tax rate will lower property taxes for GCISD homeowners by about $246 a year for a home valued at $450,000, according to a presentation from GCISD Chief Financial Officer David Johnson.
GCISD Executive Communications Director Nicole Lyons added that GCISD residents will collectively save roughly $11 million over one year under the new rate.
The previous tax rate, adopted in November 2024, was $0.9233 per $100 valuation, according to district documents.
Diving deeper
A portion of the $0.0547 tax cut came from lowering the interest and sinking tax rate, which the district exclusively uses to pay off bonds. The new interest and sinking rate is $0.1564, down 3 cents from $0.1864 in FY 2024-25, according to district documents.
The remaining $0.0247 reduction came from a state-mandated reduction in the maintenance and operations tax rate, which funds the district’s daily operations, including teacher salaries, transportation and utilities, Johnson said. The new maintenance and operations rate is $0.7122, down from $0.7369 in the previous year.
State officials set a portion of the maintenance and operations tax rate, Johnson said, and their lowered portion accounts for the entire reduction in the maintenance and operations rate. The district’s portion is unchanged, at $0.08 per $100 home valuation, according to Johnson’s presentation.
GCISD voters approved the district’s $0.08 maintenance and operations tax rate in November 2024, per previous Community Impact reporting.
Looking ahead
The new tax rate will be in effect for one year, Lyons said, and the interest and sinking tax cut will save GCISD residents roughly $17 million over two years, per Johnson’s presentation.
