The Board of Trustees has set the total tax rate at $1.2121, $0.8846 for M&O and $0.3275 for I&S. If approved by voters, there will be no impact to the district’s total tax rate. The zero impact to the current tax rate comes as a result of LTISD district paying down its current debt prior to its maturity. In fact, over the past several years, LTISD has saved its taxpayers more  than $120 million in interest through aggressive debt management, resulting in increased capacity for future bond programs. Additionally, residents who have received an ‘Over-65 Exemption’ or ‘freeze’ from the Travis County Appraisal District will incur no tax impact as a result of the approved bond referendum. 

A person who is age 65 or over and who has successfully filed an Application for a Residential Homestead Exemption is eligible for a homestead tax ceiling. The homestead tax ceiling is a limit on the amount of school taxes paid on a residence. School taxes on that home will not increase as long as the age 65 or over resident owns and occupies that home. The tax ceiling freezes school taxes at the amount paid in the year the resident qualifies for the 65-and-Over Homestead Exemption. Residents who have received an ‘Over-65 Exemption’ or ‘freeze’ from the Travis County Appraisal District will incur no tax impact as a result of the approved bond referendum.