Tax Information

The Gainesville ISD tax rate is the lowest it’s been in 18 years. Due to compression of the tax rate and new legislation increasing the homestead exemption, the monthly tax impact on an average home in GISD is expected to decrease even if the bond passes.

Tax Rate History

In the last 12 years, the GISD tax rate has decreased by 46¢.

2022-2023 Total Tax Rate: $1.0229

2023-2024 Total Tax Rate: $0.8736

Understanding the Tax Rate

General Operating Fund
(Maintenance & Operations)

(Day-to-day operations and expenses)

For School Districts, this includes:

  • Staff Salaries

  • Utilities

  • Supplies

  • Repairs

  • Fuel

For the Average Citizen, this is similar to:

  • Groceries

  • Utilities

  • Car Fuel

  • Minor Home Repairs

  • Routine Services

Debt Services Fund
(Interest & Sinking)

(Principal and interest payments on debt issued)

For School Districts, this includes:

  • New Construction

  • Renovations

  • Heating and AC Systems

  • Roofing

  • Technology

For the Average Citizen, this is similar to:

  • Mortgage

  • Home Renovation

  • Major Appliances

  • New Car

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. Most 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 improvements approved by voters through bond elections. 

Proceeds from a bond issue can be used for the construction and renovation of facilities, the acquisition of land and the purchase of capital items such as equipment, technology and transportation. 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.

Tax Impact on Average Home ($220,500)

2023 Tax Bill

(CURRENT)

ISD Tax Rate: $1.0229

$40,000 EXEMPTION

Monthly Expense: $153.86

2024 Tax Bill

(After Election, WITH Bond)

ISD Tax Rate: $1.1961

$100,000 EXEMPTION*

Monthly Expense: $120.11

*If passed, a proposed constitutional amendment will raise the state’s homestead exemption from $40,000 to $100,000 for school  taxes.

Estimated Taxes

Tax Calculators

To use the calculator, enter the taxable value of your home. The monthly amount shown is the amount of estimated taxes if the indicated proposition is approved by voters.