Tax Rate Notification

  • Public school taxes include two (2) components.  The first tax rate is in the Maintenance and Operations budget (M&O) and helps fund the daily costs and recurring or consumable expenditures such as teacher and staff salaries, supplies, food, gas and utilities.  Approximately 85 percent of the district’s M&O budget goes to teacher and staff salaries.  The second component is the Interest and Sinking budget (I&S), also known as Debt Service, and this fund is used to repay debt for longer-term capital improvements approved by voters through bond elections. 

    The 2021 Red Oak ISD’s M&O tax rate is $0.9603 and the I&S tax rate is $0.3653 for a total tax rate of $1.3256 per $100 of certified property value. The table below shows the district’s tax rate for five years.

    2021 2021-2022 $0.9603 $0.3653 $1.3256
    2020 2020-2021 $0.9939 $0.3653 $1.3592
    2019 2019-2020 $1.0683 $0.3700 $1.4383
    2018 2018-2019 $1.1700 $0.3700 $1.5400
    2017 2017-2018 $1.1700 $0.3700 $1.5400

    The Red Oak ISD 2021 tax rate will raise more taxes for maintenance and operations than last year’s tax rate. The tax rate will effectively be raised by 2.87% and will raise taxes for maintenance and operations on a $100,000 home by approximately $26.80.

    The Red Oak ISD School Board did NOT increase the maintenance and operations tax rate. The School Board voted to lower the maintenance and operation tax rate from $0.9939 per $100 of property valuation for the 2020-2021 school year to $0.9603 per $100 of property valuation for the 2021-2022 fiscal year.

    This change in the maintenance and operations tax rate is consistent with the House Bill 3 legislation passed in May 2019 in the 86th Legislative Session. More tax revenue will be realized due to an increase in the overall property values as appraised by the Ellis County Appraisal District from last year to this year.

    A fifteen (15) year history of the tax rates for the fiscal year is: