Finance Facts
If the Mesquite ISD bond referendum passes, the district projects a tax impact of $0.01. For the average home in Mesquite ISD valued at $170,653 (taxable value includes $100,000 homestead exemption), that impact would be $1.42 a month.
Monthly Tax Impact Based on Home Value
* Values and impacts include the $100,000 homestead exemption. All Texas homeowners are eligible to receive a $100,000 State Homestead Exemption on school taxes. (e.g. $270,653 home value MINUS $100,000 mandatory homestead exemption equals $170,653 in taxable value)
How will this impact you?
Enter your home value to see what the tax impact would be if voters approve both propositions on the May 2025 bond. Note: the calculator is configured to apply the $100,000 Homestead Exemption.
Mesquite ISD Tax Rate History
Since 2018, Mesquite ISD’s total tax rate has decreased by over 42 cents.
How is Mesquite ISD’s tax rate configured?
A school district’s tax rate is comprised of two components: the Maintenance & Operations tax (M&O) and the Interest & Sinking tax (I&S). Bond sales only affect the I&S rate.
INTEREST AND SINKING
(Debt Services)
Funds can only be used to pay back debt incurred for items such as construction, renovations, roofing, HVAC, buses, land, technology, and the cost of issuing bonds.
MAINTENANCE AND OPERATIONS
(General Operating)
Funds used for annual day-to-day operations to pay for salaries, supplies, utilities, insurance, repairs, fuel, etc.
Voters Over 65
Residents 65 and over are eligible for an “over 65” exemption. If you have applied for and received the age 65 and older exemption on your homestead, by law, your school taxes cannot be raised above their frozen level. The amount of taxes you pay is determined by the tax amount at the time your taxes were frozen unless you make significant improvements to the home, in which case the tax ceiling may go higher.
If I have an approved homestead exemption, why will my ballot read “THIS IS A PROPERTY TAX INCREASE?”
Texas legislature passed laws in 2019 requiring all school bond elections to include the following language on the ballot: “THIS IS A PROPERTY TAX INCREASE.” The state mandates all bond ballots to include this language regardless of what individual exemptions each voter may have. The passage or failure of this bond will NOT impact your school district tax rate.
