Estimated Bond Impact

Estimated impact of $5 per month for average home value of $200,000 with a homestead exemption

Estimated Tax Impact

The proposed rate of $1.14 will cost the average taxpayer $5.00 per month on the average home valued at $200,000.

Ballot Language for School District Propositions

Since 2019, state law has required all bond propositions for any school district to have the phrase “THIS IS A PROPERTY TAX INCREASE’ on all ballot language for bond propositions. Due to this requirement, all voters will see this statement on the official ballot language.

Homeowners age 65 & older who have filed for and received the Over 65 exemption will not see an increase over their frozen dollar amount. Check your most recent Notice of Assessed Value Change to see if you will be impacted.

❓ Don’t know if your taxes are frozen?

🏠 Homeowners age 65 and over will not see an increase over their frozen dollar amount due to the passage of Palestine ISD's bond (Prop A) if they have filed for and received their Over-65 Homestead Exemption through the Anderson County Appraisal District.

The Nov. 4th ballot proposes to increase the Over 65 Exemption to $200,000.

ℹ️ Learn about exemptions on the Texas Comptroller’s website 👉 comptroller.texas.gov/taxes/property-tax/exemptions/

ℹ️ Contact Anderson County Appraisal District about whether you qualify for exemptions 👉 www.andersoncad.net

Ages 65+ $0 tax impact over frozen dollar amount

Over 65 Tax Free

Current homeowners ages 65 and over will not be impacted by the passage of this bond. Their school taxes will not go above the frozen dollar amount that was established when the Over-65 exemption was granted (unless improvements or additions are made to the residence). To have your school taxes frozen, you must file a homestead application with the appropriate appraisal district and be granted the Over-65 exemption.

For Over 65/Disabled if the current appraised value (or frozen value) is $200,000 or less, the increase in homestead exemption would eliminate the PISD tax impact.

Homestead Exemption

Recent legislation delivered the largest property tax cut in Texas history. The combination of compression and the $100,000 homestead exemption will cut school property taxes for a homesteaded property.

Note: the projected savings could be greater if the Texas Legislature passes the proposed increased homestead exemptions of $140,000 (average taxpayer) and $200,000 (Over 65/Disabled).

Delaying the bond will increase costs by $6 million each year

Did You Know?

Delaying implementation of the bond program may expose the district to escalating construction costs.

Construction costs have increased by up to 10% annually in recent years. At that rate of cost escalation, delaying these projects by one year could increase total costs by approximately $6 million.