Cy-Fair ISD board adopts lowest property tax rate in 37 years

The Cy-Fair ISD school board approved the fiscal year 2023-24 tax rate of $1.0811 per $100 valuation—a 16.5% reduction from FY 2022-23—during its meeting Oct. 9. District officials said this is the lowest property tax rate in 37 years.

The details

The tax rate includes:

• $0.6811 for maintenance and operations, or day-to-day district costs
• $0.40 for servicing the district’s existing debt

The maintenance and operations tax rate decreased for the fifth consecutive year, down from $0.89 in 2022.

As part of the tax proposal adopted, CFISD also offers a local optional homestead exemption of 20% of the appraised value of a home in addition to the $40,000 state exemption.

What else?

More information on school property taxes can be found on the CFISD website.