The breakdown
KISD trustees unanimously approved a total property tax rate of $1.0119 per $100 of valuation for FY 2025-26, which is the same total tax rate approved in FY 2024-25, according to Oct. 6 trustee meeting documents. Meanwhile, the total appraised value of property within KISD’s boundaries increased from $39.7 billion in FY 2024-25 to $41.6 billion in FY 2025-26.
“The board’s decision to maintain the same low tax rate reflects our ongoing commitment to fiscal responsibility while continuing to prioritize student learning and staff support,” KISD Chief Financial Officer Dan Schaefer said via an Oct. 7 news release.
KISD's approved FY 2025-26 tax rate is higher than the district's no-new-revenue tax rate—$0.99862 per $100 of valuation, according to meeting documents—which is the tax rate that would bring in the same amount of tax revenue as in the previous fiscal year, accounting for new home values, per the Texas Comptroller's website.
Some context
This November, voters across Texas will be asked to approve larger property tax breaks for homeowners through two proposed amendments to the Texas Constitution, known as state propositions. If approved by voters, State Proposition 13 would raise the property tax exemption on a Texas homeowner’s main residence—known as a homestead exemption—from $100,000 to $140,000. State Proposition 11 asks voters to raise the property tax exemption for homeowners who are over 65 years old or have a disability to $200,000, up from $110,000 today.
Both exemptions would apply only to taxes charged by public schools, which make up the majority of an average homeowner’s property tax bill, as previously reported. More information about the 17 state propositions on the Nov. 4 ballot is available here.
When taking into account the possible voter approval of both propositions, the average annual tax bill for a KISD resident is expected to decrease by $431.69 year over year, even though the average market value of residences within KISD’s boundaries increased by $11,178, KISD meeting documents show.
On June 24, KISD trustees unanimously approved the FY 2025-26 budget, which features $572.2 million in general operating fund expenses, representing a 4.2% increase year over year, according to the FY 2025-26 budget documents. The FY 2025-26 budget includes $551.1 million in general operating fund revenues, a 6.9% increase from the FY 2024-25 budget.
