-
Joshua ISD has not called for a bond since 2015 and has decreased its tax rate by 31 cents since 2017 due to growth. JISD also has the third-lowest tax rate in Johnson County, and the lowest among the three largest districts. The District’s current total tax rate is $1.29 per $100 of taxable valuation. This consists of Maintenance & Operations (M&O) at $0.96, as well as the Interest and Sinking (I&S) at $0.33.
M&O rates help fund operational costs of schools (teachers, staff, buses, classrooms, etc.), while I&S rates fund payments on the debt that finances facilities.
Under the proposed bond, the estimated tax impact of this bond is $0.14 for a total I&S rate of $0.47 (per $100 of taxable property value). The total rate would be $1.43, which is still less than the rates in 2017, 2018, and 2019. The monthly projected tax would increase to $11.69 per $100,000 of taxable value, and the projected annual tax increase would be $140.28 per $100,000 of taxable value.
To calculate the impact for your home's value, use the tax impact calculator below. (NOTE: The tax impact calculator does not include the state's current homestead exemption of $25,000, so the actual amount would be less for homeowners with the exemption and if the state's exemption increases to $40,000 after the constitutional amendment in May).
Property Tax Relief
- The Joshua ISD M&O rate has decreased each year for the past three years as a result of House Bill 3.
- The total tax rate in Joshua ISD has lowered 31 cents since 2017.
- Texas lawmakers approved legislation that would increase the homestead exemption for property owners. That will be presented to voters in May as a constitutional amendment.
Homestead Exemption
- If the constitutional amendment (see Property Tax Relief above) is passed by voters in May, the homestead exemption will increase from $25,000 to $40,000, lowering the taxable value for homeowners.
- For homeowners whose home values stay the same, or increase less than $15,000, their tax bill should be lower than last year.
- For homeowners whose home values increase more than $15,000, their tax bill will increase as a result of their home’s appraised value.
- The tax impact calculator on this page does not include any applicable exemptions.
- To calculate the tax impact with the current $25,000 exemption, subtract $25,000 from your appraised value.
- To calculate the tax impact with the anticipated $40,000 exemption, subtract $40,000 from your appraised value.
County Tax Rate Comparison
Below is a list of tax rates for all Johnson County school districts. JISD has the third-lowest rate and the lowest among the three largest districts. The District will also compile a list of area districts outside of JISD as a comparison.
