Taxes & Debt

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Taxes

There are two tax rates set for school districts in Texas. Maintenance and Operation is the rate applied to the tax base to support the general fund budget. Interest and Sinking is the rate applied to the tax base to cover debt service for the bonds approved by taxpayers. The M&O tax rate is subject to recapture, but the I&S tax rate is not. For information about how property taxes are collected in Travis County, visit the  Travis Central Appraisal District website.

Austin ISD: Property Tax Rate per $100 Valuation, Fiscal Years 2019–2024

Tax Rates FY2019 FY2020 FY2021 FY2022 FY2023

FY2024
Proposed
M&O $1.0790 $1.0090 $0.9897 $0.9487 $0.8836 $0.7365
I&S $0.1130 $0.1130 $0.1130 $0.1130 $0.1130 $0.1230
Total Tax Rate $1.1920 per $100 of taxable value $1.1220 per $100 of taxable value $1.1027 per $100 of taxable value $1.0617 per $100 of taxable value $0.9966 per $100 of taxable value $0.8595 per $100 of taxable value

To see how the school tax portion of your annual property taxes pay for all the services provided by Austin ISD, visit the Tax Rate Calculator.

Property Tax Rate Per $100 of Taxable Value

The proposed total tax rate is a decrease by $0.1371 when comparing FY2023 to FY2024. It should be noted that a reduction in tax rate from last year does not equal a reduction in taxpayers’ liability; Taxpayers could potentially pay more in tax based on the increase in property values. The proposed 2024 fiscal year Interest & Sinking portion is $0.1230 per $100 of taxable value, and $0.7365 per $100 of taxable value for Maintenance & Operations.

Property tax Rate Per $100 of Taxable Value Graph
Tax Rates FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
Proposed
Interest & Sinking $0.1430 $0.1230 $0.1130 $0.1130 $0.1130 $0.1130 $0.1130 $0.1130 $0.1130 $0.1230
Maintenance & Operations $1.0790 $1.0790 $1.0790 $1.0790 $1.0790 $1.0090 $0.9897 $0.9487 $0.8836 $0.7365
Total Tax Rate $1.2220  $1.2020  $1.1920  $1.1920  $1.1920  $1.1220 $1.1027 $1.0617 $0.9966 $0.8595

 

FY2023 Austin Area Tax Rate Graph
Tax Rates Austin ISD (Proposed FY2024) Austin ISD Eanes ISD Round Rock ISD Del Valle ISD Lake Travis ISD Bastrop ISD Pflugerville ISD Leander ISD Dripping Springs ISD Hays CISD Manor ISD
Maintenance & Operations $0.7365 $0.8836 $0.8846 $0.8546 $0.8546 $0.8846 $0.8546 $0.9046 $0.9446 $0.9429 $0.8546 $0.9746
Interest & Sinking $0.1230 $0.1130 $0.1200 $0.2080 $0.3300 $0.3275 $0.4010 $0.3600 $0.3300 $0.3500 $0.4877 $0.3774
Total Tax Rate $0.8595 $0.9966 $1.0046 $1.0626 $1.1846 $1.2121 $1.2556 $1.2646 $1.2746 $1.2929 $1.3423 $1.3520

Debt

Austin ISD has earned the highest ratings for budget management from Moody’s Investors Service, Standard & Poor’s and Fitch Ratings. AISD also carries the highest bond and state financial accountability ratings that school districts can earn in the state of Texas. The links below provide information about AISD bonds and debt obligations.