Cypress-Fairbanks ISD's total tax rate (Maintenance and Operations and Interest and Sinking) has one of the lowest financial impacts on taxpayers in the Houston area. The state grants a $15,000 homestead exemption. The district grants an additional 20-percent Optional Homestead Exemption, so actual tax dollars assessed are lower than all school districts in the area except Houston, Spring Branch, Deer Park and Sheldon ISDs.

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