Bond 2004: Tax Information

NISD voters have approved four bond packages since 1998 totaling $1.9 billion dollars. With that, the construction of 39 new schools has been completed, begun, or been planned for.

NISD is growing by almost 4,000 students per year, and 50% of all new homes built in Bexar County are being built here in Northside.

For more information on our bond related taxes, please contact us.

 

2004-2005 2005-2006 2006-2007 2007-2008 2008-2009
Rate Projected During Bond Election[0][1] $1.7625 $1.8045 $1.9745 $1.3635 $1.3740
Revised Projection[1] $1.7625 $1.7750 $1.5925 $1.2700 $1.2775
Difference Between Original and Revised Projection 0.0000 (0.0501) (0.0767) (0.0936) (0.0961)

[1]This table shows the total tax rate. The operation portion (M&O) of the tax rate is $1.50 for all years shown. The remainder of the tax rate is the part impacted by the bond program. It is called the Interest and Sinking (I&S) Fund rate or the debt service rate.

[1]Rates are adjusted to reflect a $0.17 descrease in the 2006 M&O rate and $0.50 decrease in the 2007 M&O rate as mandated by House Bill 1.