Tax Information

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

The average home in Northside is valued at $218,540. Assuming no increase in appraisal value, property owners would see no tax increase until 2019, at which time they would see a slight property tax increase of $0.03 a month. 

When bond payments hit their peak in 2025, the owners of an average home in Northside could see their taxes rise by $8.10 a month compared to current taxes.  If we assume that appraisals increase between 2.5 and 3.5 percent a year, estimated monthly taxes on an average home would increase by $22.10 in 2025.

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 12 cents lower than what was projected in School Bond 2014.

Senior Citizens

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).

Summary of Tax Estimates

This chart indicates that the average value home in Northside is $218,540. For this average-valued home, the line graph is showing what the estimated monthly tax increase would be each year beginning in 2019 and ending in 2025. Those values are as follows:
 
In 2019, an increase of $2.18
In 2020, an increase of $6.61
In 2021, an increase of $9.63
In 2022, an increase of $14.09
In 2023, an increase of $16.79
In 2024, an increase of $19.87
In 2025, an increase of $22.10

Projected Tax Rates Bar Graph

This chart is a line graph that shows current and projected tax rates from 2016 to 2025 for Bond 2018. The tax rate in 2016 and 2017 is 33.55 cents. In the peak year of 2025, the projected tax rate is 38.18 cents.
 
The graph also shows that the projection for School Bond 2014 was 45.59 cents. However, Northside's current tax rate is 12 cents lower than that projection.