Tax Rate Information
Even though Birdville ISD lowered the tax rate in 2019, because of increases in property values, BISD’s tax rate will raise more money for operations and debt payment than last year.
Property values are determined by the Tarrant Appraisal District. (BISD has no input into home or business valuations.) When BISD receives additional revenue from local property taxes, the state reduces the amount of funding they provide the District to educate students. Therefore, the state benefits from increased valuations, not the District. In addition, because of how the state structures funding for schools, if BISD decreased their tax rate to offset the increase in valuation, the state would still decrease the funding they provide the District.
For the 2019 tax year, Birdville ISD’s Board of Trustees adopted a Maintenance & Operations tax rate of $0.97 and a Debt Service tax rate of $0.4139, which is a total tax rate of $1.3839. ($.07 less than the tax rate for 2018)
Due to lower interest rates, increases in valuation and prudent financial decisions by the District, the debt service tax rate is 1.35 cents less than what was told to voters in 2014. In addition, since 2014, the Board has approved prepayment of $18.465 million of bond principal saving taxpayers more than $11.8 million in interest payments.