The Cy-Fair ISD board of trustees approved a 2015 tax rate of $1.44 during its Sept. 14 meeting. The rate remains unchanged from the 2014 tax rate, more than one year after voters approved a $1.2 billion bond referendum—the district’s largest to-date. The $1.44 rate comprises a maintenance and operations tax rate of $1.04 and an interest and sinking tax rate of $0.40. “I want to emphasize that we sold $330 million in bonds last year, and with the closing of the sale of an additional $310 million [in bonds] this November for a total of $640 million, we will accomplish this with a debt service tax rate one penny less than what it was in 2013,” CFISD CFO Stuart Snow said. The average annual property taxes paid on a $200,000 home at the rate of $1.44 per $100 of valuation is approximately $2,880.