Tax Information
NO CHANGE TO THE BROCK ISD TAX RATE
In 2021 the Texas Legislature passed a law that requires all school bond ballots to include the phrase, “THIS IS A PROPERTY TAX INCREASE” meaning taxes will have to be levied in order to repay the bonds. However, Brock ISD can make all existing and new bond payments with the current overall tax rate of $1.3903 residents are currently paying.
The Brock ISD total tax rate is the lowest it’s been since 2011.
The Brock ISD Total Tax Rate has decreased 22.97¢ in the last four years, or an average of 5.74¢ per year due to recently enacted legislation.
2018-2019 Total Tax Rate: $1.62
2022-2023 Total Tax Rate: $1.3903
Brock ISD expects additional required compression from the 2021 Legislative Session.
The total tax rate is expected to remain at $1.3903 for the 2023-2024 school year.
Understanding the Tax Rate
General Operating Fund
(Maintenance & Operations)
(Day-to-day operations and expenses)
Debt Services Fund
(Interest & Sinking)
(Principal and interest payments on debt issued)
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.