Tax Impact

Based on Taxable Assessed Values and paying off previous debt early, SSISD can issue the $157.15 million worth of bonds by increasing the tax rate by .0025 cents, or 1/4 penny, per $100 of property valuation.

 

Home Value

2022 Annual Tax

with Last Year’s Tax Rate and $40K Exemption

2023 Annual Tax
with Current Tax Rate and

$100K Exemption

2023 Annual Tax
with Proposed Tax Rate and $100K Exemption

Yearly Tax Increase

$150,000

$1,816.10

$495.65

$496.90

$1.25

$250,000

$2,446.71

$1,487.10

$1,490.85

$3.75

$350,000

$3,611.81

$2,478.50

$2,484.75

$6.25

$450,000

$4,776.91

$3,469.90

$3,478.65

$8.75

$550,000

$5,942.01

$4,461.30

$4,472.55

$11.25

SCHOOL TAXES INCLUDE TWO TAX RATES

Public school taxes involve two figures, which divide the school district budget into two “buckets.”

The first bucket is the Maintenance and Operations budget (M&O), which funds daily costs and recurring or consumable expenditures such as teacher and staff salaries, supplies, food and utilities. Approximately 80% of the district’s M&O budget goes to teacher and staff salaries.

The second bucket is the Interest and Sinking Fund (I&S), also known as Debt Service, and that is used to repay debt for capital projects approved by voters through bond elections.

Proceeds from a bond issue can be used to renovate facilities, update building infrastructure, and purchase capital items such as equipment, buses, and technology. By law, I&S funds cannot be used to pay M&O expenses, which means that voter-approved bonds cannot be used to increase teacher salaries or pay rising costs for utilities and services.

79.5% of SSISD's M&O budget provides personnel salaries and other related costs.

Maintenance & Operations Tax Rate

Funds the day-to-day maintenance and operations of the district:

  • Salaries (for teachers and staff)
  • Bus repairs, maintenance, fuel
  • School supplies and materials
  • Utilities (electricity, water, etc.)

For most residents of Sulphur Springs these costs would be similar to:

  • Groceries
  • Utilites
  • Car fuel
  • Routine bills and services 

I&S funds cannot be used for salaries, utilites, or other day-to-day expenses that fall under M&O.

Interest and Sinking Tax Rate

I&S Funds debt

repayment for

"big ticket" items:

  • New building construction
  • Existing building renovations
  • Land purchases
  • Program-specific equipment

For most residents of Sulphur Springs these costs would be similar to:

  • New home purchases
  • House renovations
  • Land purchases
  • New car purchase
State Funding is a Balancing Act

The amount of money the state provides is based on several factors, including student attendance, property tax collections and property values.

When property tax revenue increases, the amount of funds received from the state decreases.

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TAX CEILING FOR RESIDENTS OVER 65
65+ FAQs
65+ Learn More
65+ Exemption Form

SSISD property taxes for citizens age 65 or older will not be affected by this – or any – school bond election as long as a homestead and over 65 exemption application have been filed with the local appraisal district.

According to state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older cannot be increased above the amount paid in the first year after the person turned 65 regardless of changes in tax rate or property value unless improvements are made to the home.

Meeting Times:

9:00 AM - 11:00 AM

Meetings Dates:

  • March 5th, 2024
  • April 2nd, 2024
  • April 30th, 2024

Meeting Location:

SSISD Board Room
631 Connally St
Sulphur Springs, TX 75482

Have questions? Need Help?

Please call
(903)885-2153
EXT 1129

Sulphur Springs ISD is proud to unveil an exclusive program called

You can be a part of the Wildcat League if you are:

  • A resident of Sulphur Springs ISD
  • 60 or older
  • Interested in SSISD current events and staying connected
  • Interested in meeting SSISD leaders
  • Gaining understanding of the many programs on each campus
  • Engaging in conversations about the district

Apply to be a Member of The Wildcat League

*Space is limited to 30 at this time.

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