In addition to the proposed BISD bond measure, voters in the November election will find a Constitutional Amendment on the ballot that increases the Homestead Exemption from $40,000 to $100,000, bringing property tax relief to homeowners statewide.
If both the Constitutional Amendment and the school bond propositions are approved, it would still result in an overall decrease in the annual tax bill for residential taxpayers.
For example,
The owner of a $200,000 home would see a $44.06 monthly decrease.
The owner of a $400,000 home would see a $26.06 monthly decrease.
The owner of a $600,000 home would see a $8.06 monthly decrease.