Impact on Tax Rate?

NONE.

  • The Growth Management Bond will NOT increase the property tax rate for homeowners or businesses.  

  • Due to a string of recent tax cuts, our overall property tax rate is 43¢ lower than it was in 2019 . 

  • Homeowners 65 years of age and older will never experience an increase in their tax rate as long as they have filed for their senior citizen homestead exemption.

Despite confusing ballot language required by the state, there will be absolutely no increase in our property tax rate.

Despite the ballot language, passage of the bond package will NOT result in an increase in the property tax rate. A new state law requires all school bond referendum propositions to include ballot language that reads, “This is a property tax increase.” This language was added by the Texas Legislature for districts that struggle to meet the strict financial guidelines set by the state. However, that is not the case for Wylie ISD as we have received the highest rating possible by the state for financial transparency.

Wylie ISD’s track record of managing your tax dollars:

  • To help homeowners facing rising property values we have repeatedly reduced our tax rate in recent years. Our current overall tax rate is nearly 26% lower than five years ago and 18.5¢ lower than last school year.

  • Our best practices approach has helped Wylie ISD earn the highest ranking from the state’s Financial Integrity Rating System and achieve an ‘A’ district accountability rating from the Texas Education Agency.

  • Capital projects from the 2019 bond package were completed on time and within budget. With our cost efficiency efforts and by refinancing, the district has saved taxpayers millions. Property tax rates were not increased to cover the 2019 bonds.

  • Since July 1, 2020, through intentional planning, Wylie ISD has saved $75,169,304 (net of district contributions) in future interest payments with a combination of bond refunding and cash defeasances.