Board adopts lowest tax rate in 37 years
Oct. 9, 2023—The CFISD Board of Trustees approved a 2023 tax rate of $1.0811 per $100 of property valuation—a reduction of $0.2137 from 2022—during its regularly scheduled meeting on Oct. 9.
The CFISD Board of Trustees unanimously votes to approve the 2023 tax rate of $1.0811 during the regularly scheduled meeting on Oct. 9. The tax rate is the lowest in 37 years.
The total tax rate is comprised of a $0.6811 Maintenance & Operations Tax Rate and a $0.40 Interest & Sinking (or debt service) Tax Rate. The M&O Tax Rate, which funds day-to-day operations in CFISD, has decreased for the fifth consecutive year—down from $0.8948 in 2022, $0.9292 in 2021, $0.9555 in 2020, $0.97 in 2019 and $1.06 in 2018.
CFISD also offers a local optional homestead exemption of 20 percent of the appraised value of a home. When paired with the current $40,000 state exemption, a CFISD taxpayer with a home valued at $350,495 (the district average) would pay a tax based on $240,396 of value.
View additional property tax information on the CFISD website.