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Board adopts lowest tax rate in 33 years

the board votes to approve the 2022 tax rate

The CFISD Board of Trustees votes to approve the 2022 CFISD tax rate during the Oct. 10 formal meeting. The tax rate of $1.2948 is CFISD’s lowest rate in 33 years.

Oct. 10, 2022—The CFISD Board of Trustees approved a 2022 tax rate of $1.2948 per $100 of property valuation—a reduction of $0.0444 from 2021—during its regularly scheduled meeting on Oct. 10.

The total tax rate is comprised of a $0.8948 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 fourth consecutive year—down from $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 a $40,000 state exemption, a CFISD taxpayer with a home valued at $350,000 would pay a tax based on $240,000 of value.

The 2022 tax rate decrease will save the owner of a home valued at $350,000 approximately $307 on their annual property tax bill.

View additional property tax information on the CFISD website.