Tax Information

What is the Bond’s tax impact on the average Northside homeowner?

The average home in Northside is valued at $164,615. Assuming no increase in appraisal value, property owners would see no tax increase until 2015, at which time they would see a slight property tax increase of $1.81 a month. 

When bond payments hit their peak in 2019, the owners of an average home in Northside could see their taxes rise by $14.31 a month compared to current taxes.  If we assume that appraisals increase by 3.5 percent a year, estimated monthly taxes on an average home would increase by $26.72 in 2019.

As a public school system, we are compelled to provide voters and taxpayers with the best projections we can. Northside’s history of projecting impact on taxpayers has been very conservative.  In the last three bond elections, the projected tax increases never materialized or were considerably less than projected!  In fact, NISD’s tax rate today is about 9 cents lower than what was projected in School Bond 2010.
 

Will approval of the bond affect property taxes for Senior Citizens?

There will not be an increase in taxes for Senior Citizens as a result of this bond.  School property taxes for senior citizens are frozen and would not be affected by passage of the bond issue, as long as they have filed the Over 65 Homestead Exemption with the Bexar County Appraisal District (www.bcad.org).

Property tax  impact of a $648.34 million bond for owner of $164,615 home (Average NISD home value)

(with no annual increase in value)

Year

Annual tax increase

Monthly tax increase

2014

$0

$0

2015

$21.72

$1.81

2016

$54.96

$4.58

2017

$48.00

$4.00

2018

$42.12

$3.51

2019

$04.92

$0.41

Total

$171.72

$14.31

Property tax  impact of a $648.34 million bond for owner of $164,615 home peaking in value at $195,497

(includes a 3.5% annual increase in value)

Year

Annual tax increase

Monthly tax increase

2014

$0

$0

2015

$63.24

$5.27

2016

$74.28

$6.19

2017

$78.72

$6.56

2018

$72.60

$6.05

2019

$31.80

$2.65

Total

$320.64

$26.72