Public School Taxes & Current Rate
Your public school taxes involve two figures:
- Maintenance and Operations (M&O): Used to pay for salaries, utilities, furniture, supplies, food, gas, etc.
- Interest and Sinking (I&S): Used to repay debt issued for capital improvements. (Bond elections affect the I&S rate)
Currently, Galena Park ISD's I&S tax rate is $0.2701. When combined with the district's M&O tax rate of $1.2433, the total tax rate for Galena Park ISD is $1.5134 per $100 of certified property value.
Estimated Tax Impact
If voters approve the bond package, GPISD estimates the maximum interest and sinking tax rate will be $0.17 phased in over a three-year period. This would result in an additional $7.83 in monthly taxes for the owner of a home valued at $100,000. The tax rate increase would have no impact on the homesteads of district residents 65 or older because their tax rates can be frozen once senior citizen exemptions are filed with the appropriate county appraisal district. Additionally, GPISD will continue to offer all homeowners a 20% homestead exemption.
Current GPISD Exemptions
Senior Citizens Information