Zero Increase To The Current Tax Rate
*
Zero Increase To The Current Tax Rate *
Tax & Financial Information
If approved by voters, the 2025 Bond will not result in an increase to the current tax rate.
Zero Increase to the
Current Tax Rate.
The proposed bond can be funded without raising the current tax rate.
This ensures minimal financial impact on the community. Kenedy ISD’s tax rate will remain stable at $1.027, supporting both new and ongoing projects. This approach uses existing tax capacity to improve district facilities without raising the tax burden.
Homestead Exemptions
For residents 65 years and older, their school district tax bill will not increase, even if property values rise (excluding property improvements), provided they have an approved Homestead and Over-65 Exemption application on file with the Karnes County Appraisal District and the property is owned as of January 1st of the tax year. Significant improvements to the property can affect the tax bill.
Explaining the Ballot:
In 2019, a new law for School Districts was imposed in Education Code §45.003(b-1), which adds an additional sentence to the ballot proposition:
“THIS IS A PROPERTY TAX INCREASE.”
The Texas Attorney General said this statement cannot be modified. The KISD current tax rate will NOT be increased by the proposed 2025 bond propositions.
KENEDY I.S.D. PROPOSITION A
THE ISSUANCE OF $43,400,000 OF BONDS BY THE KENEDY INDEPENDENT SCHOOL DISTRICT FOR THE DESIGN, CONSTRUCTION, REHABILITATION, RENOVATION, EXPANSION, IMPROVEMENT, ACQUISITION, AND EQUIPMENT OF SCHOOL FACILITIES AND THE NECESSARY SITES FOR SCHOOL FACILITIES, WITH PRIORITY GIVEN TO A NEW ELEMENTARY SCHOOL, AND THE LEVYING OF A TAX SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS AND THE COST OF ANY CREDIT AGREEMENTS EXECUTED IN CONNECTION WITH THE BONDS. THIS IS A PROPERTY TAX INCREASE.
BALLOT EXAMPLE:
Current Tax Rate
The total tax rate applies to each $100 of your property’s assessed value, meaning the combined M&O and I&S tax rates are multiplied by your property value (per $100) to determine your annual property tax contribution to the school district.
KISD Current M&O Tax Rate
$0.6692
+
KISD Current I&S Tax Rate
$0.3582
=
KISD Total Household Tax Rate
$1.0274
Understanding the Tax Rate
Kenedy ISD's budget is split into two parts: Maintenance and Operations (M&O) and Interest and Sinking (I&S). Each has a specific job.
The M&O fund pays for the district’s daily needs. This includes teacher and staff pay, classroom supplies, electricity, and bus services. It’s what keeps the schools running every day.
The I&S fund, or Bond Funds, pays off debt from voter-approved bonds. This money is used for big projects like building new schools, fixing up old ones, and buying land or equipment. It can’t be used for things like salaries or utility bills.
The M&O fund handles daily costs, while the I&S fund supports long-term projects. Together, they help Kenedy ISD run smoothly now and prepare for the future.
The district’s tax rates are $0.67 for M&O and $0.36 for I&S, totaling $1.03 per $100 of property value.
